HeartBeam Inc (NASDAQ:BEAT) shares, rose in value on Wednesday, June 18, with the stock price up by 1.94% to the previous day’s close as strong demand from buyers drove the stock to $1.58.
Actively observing the price movement in the last trading, the stock closed the session at $1.55. Referring to stock’s 52-week performance, its high was $3.48, and the low was $1.45. On the whole, BEAT has fluctuated by -3.07% over the past month.
With the market capitalization of HeartBeam Inc currently standing at about $53.42 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-13.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BEAT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BEAT currently trading nearly -2.72% and -5.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.26, while the 7-day volatility ratio is showing 9.20% which for the 30-day chart, stands at 5.34%. Furthermore, HeartBeam Inc (BEAT)’s beta value is -0.60, and its average true range (ATR) is 0.13.
A comparison of HeartBeam Inc (BEAT) with its peers suggests the former has fared considerably weaker in the market. BEAT showed an intraday change of 1.94% in last session, and over the past year, it shrunk by -31.30%%.
Data on historical trading for HeartBeam Inc (NASDAQ:BEAT) indicates that the trading volumes over the past 3 months, they’ve averaged 85.40K. According to company’s latest data on outstanding shares, there are 33.73 million shares outstanding.
Nearly 26.60% of HeartBeam Inc’s shares belong to company insiders and institutional investors own 8.99% of the company’s shares. The stock has fallen by -31.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEAT stock heading into the next quarter.
