Biosig Technologies Inc (NASDAQ:BSGM) price closed higher on Tuesday, February 25, and jumping 13.68% above its previous close.
A look at the daily price movement shows that the last close reads $0.95. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.98 and 52-week low of $0.20. The stock added 6.40% on its value in the past month.
Biosig Technologies Inc, which has a market valuation of $18.61 million, is expected to release its quarterly earnings report in March.
The average estimate suggests sales growth for the quarter will likely fall by -100.00% when compared to those recorded in the same quarter in the last financial year. Per this projection, the revenue is forecast to grow -100.00% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give BSGM a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that BSGM’s price is at present 15.17% off the SMA20 and -8.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.92, with weekly volatility standing at 18.60%. The indicator jumps to 16.78% when calculated based on the past 30 days. Biosig Technologies Inc (NASDAQ:BSGM)’s beta value is holding at 0.42, while the average true range (ATR) indicator is currently reading 0.16.
An analysis of the Biosig Technologies Inc (NASDAQ:BSGM) stock in terms of its daily trading volume indicates that the 3-month average is 255.38K.
Current records show that the company has 16.62M in outstanding shares. The insiders’ percentage holdings are 22.25% of outstanding shares while the percentage share held by institutions stands at 25.93%. But the -27.52% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
