Biomerica Inc (NASDAQ:BMRA) price on current trading day, rose 131.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.81.
A look at the stock’s price movement, the level at last check in today’s session was $0.35, moving within a range at $0.71 and $1.27. The beta value (5-Year monthly) was -1.137. Turning to its 52-week performance, $1.35 and $0.24 were the 52-week high and 52-week low respectively. Overall, BMRA moved 158.64% over the past month.
Biomerica Inc’s market cap currently stands at around $14.89 million, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BMRA is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
BMRA’s current price about 138.69% and 138.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 85.05, while 7-day volatility ratio is 11.90% and 11.12% in the 30-day chart. Further, Biomerica Inc (BMRA) has a beta value of -1.05, and an average true range (ATR) of 0.10.
If we refocus on Biomerica Inc (NASDAQ:BMRA), historical trading data shows that trading volumes averaged 0.28 over the past 10 days and 943.56K over the past 3 months. The company’s latest data on shares outstanding shows there are 18.34 million shares.
The 11.79% of Biomerica Inc’s shares are in the hands of company insiders while institutional holders own 9.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.36 million on 2024-12-31, giving us a short ratio of 0.63. The data shows that as of 2024-12-31 short interest in Biomerica Inc (BMRA) stood at 233.0 of shares outstanding, with shares short falling to 1.43 million registered in 2024-11-29. Current price change has pushed the stock 170.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BMRA stock continues to rise going into the next quarter.
