The trading price of Biosig Technologies Inc (NASDAQ:BSGM) floating lower at last check on current market day and closing at $0.49, -10.11% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.4613 and $0.503. In examining the 52-week price action we see that the stock hit a 52-week high of $2.98 and a 52-week low of $0.20. Over the past month, the stock has lost -47.03% in value.
Biosig Technologies Inc, whose market valuation is $11.29 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-13. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BSGM has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that BSGM’s price is currently -37.00% off the SMA20 and -47.06% off the SMA50. The RSI metric on the 14-day chart is currently showing 30.14, and weekly volatility stands at 17.10%. When measured over the past 30 days, the indicator reaches 20.28%. Biosig Technologies Inc (NASDAQ:BSGM)’s beta value is currently sitting at 0.80, while the Average True Range indicator is currently displaying 0.14. With analysts defining $0.41-$0.41 as the low and high price targets, we arrive at a consensus price target of $0.41 for the trailing 12-month period. The current price is about 16.33% off the estimated low and 16.33% off the forecast high, based on this estimate. Investors will be thrilled if BSGM’s share price rises to $0.41, which is the median consensus price. At that level, BSGM’s share price would be 16.33% above current price.
To see how Biosig Technologies Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: BSGM stock’s performance was -10.11% at last check in today’s session, and -5.79% in the past year.
An evaluation of the daily trading volume of Biosig Technologies Inc (NASDAQ:BSGM) indicates that the 3-month average is 264.79K. However, this figure has increased over the past 10 days to an average of 0.16.
Currently, records show that 23.04 million of the company’s shares remain outstanding. The insiders hold 22.25% of outstanding shares, whereas institutions hold 19.07%. The stats also highlight that short interest as of 2025-02-28, stood at 0.5 million shares, resulting in a short ratio of 1.17 at that time. From this, we can conclude that short interest is 255.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 0.42 million. However, since the stock’s price has seen -67.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
