BIMI International Medical Inc. [BIMI] Is Currently 12.07 above its 200 Period Moving Avg: What Does This Mean?


BIMI International Medical Inc. [NASDAQ: BIMI] gained 12.07% or 0.06 points to close at $0.52 with a heavy trading volume of 4787364 shares. The company report on May 20, 2022 that BIMI International Medical Announces First Quarter 2022 Financial Results.

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BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”), a healthcare products and services provider, today announced its financial results for the quarter ended March 31, 2022.

Revenues for the three months ended March 31, 2022 and 2021 were $5,019,748 and $2,168,004, respectively. Compared with the same period in 2021, revenue increased by $2,851,744 in 2022, mainly due to the $2,073,608 increase in sales of medical devices and $880,202 increase in medical services revenues. The increase in medical device sales is mainly due to higher demand during the first quarter of 2022. The 2022 medical services revenues reflect the revenues generated by three hospitals, which were acquired in May 2021.

It opened the trading session at $0.465, the shares rose to $0.67 and dropped to $0.4441, the range by which the price of stock traded the whole day. The daily chart for BIMI points out that the company has recorded -86.13% loss over the past six months. However, it is still -30.0% lower than its most recent low trading price.

If we look at the average trading volume of 1.03M shares, BIMI reached to a volume of 4787364 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about BIMI International Medical Inc. [BIMI]:

The Average True Range (ATR) for BIMI International Medical Inc. is set at 0.09, with the Price to Sales ratio for BIMI stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 0.15.

Trading performance analysis for BIMI stock

BIMI International Medical Inc. [BIMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.32. With this latest performance, BIMI shares dropped by -27.28% in over the last four-week period, additionally sinking by -86.13% over the last 6 months – not to mention a drop of -92.41% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BIMI stock in for the last two-week period is set at 38.22, with the RSI for the last a single of trading hit 48.58, and the three-weeks RSI is set at 34.85 for BIMI International Medical Inc. [BIMI]. The present Moving Average for the last 50 days of trading for this stock 0.8630, while it was recorded at 0.4586 for the last single week of trading, and 2.3471 for the last 200 days.

BIMI International Medical Inc. [BIMI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and BIMI International Medical Inc. [BIMI] shares currently have an operating margin of -29.94 and a Gross Margin at +16.97. BIMI International Medical Inc.’s Net Margin is presently recorded at -129.20.

Return on Equity for this stock declined to -250.76, with Return on Assets sitting at -98.10.

BIMI International Medical Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

An analysis of insider ownership at BIMI International Medical Inc. [BIMI]

There are presently around $0 million, or 2.80% of BIMI stock, in the hands of institutional investors. The top three institutional holders of BIMI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 166,806, which is approximately 3006.836% of the company’s market cap and around 21.04% of the total institutional ownership; BRIDGEWAY CAPITAL MANAGEMENT, LLC, holding 72,762 shares of the stock with an approximate value of $34000.0 in BIMI stocks shares; and CITADEL ADVISORS LLC, currently with $11000.0 in BIMI stock with ownership of nearly New of the company’s market capitalization.

5 institutional holders increased their position in BIMI International Medical Inc. [NASDAQ:BIMI] by around 275,874 shares. Additionally, 7 investors decreased positions by around 28,576 shares, while 0 investors held positions by with 10,321 shares. The mentioned changes placed institutional holdings at 294,129 shares, according to the latest SEC report filing. BIMI stock had 3 new institutional investments in for a total of 108,531 shares, while 4 institutional investors sold positions of 15,575 shares during the same period.