Biomerica Inc. [NASDAQ: BMRA] slipped around -0.14 points on Monday, while shares priced at $0.53 at the close of the session, down -19.95%.
Compared to the average trading volume of 70.18K shares, BMRA reached a trading volume of 6967092 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Biomerica Inc. [BMRA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMRA shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMRA stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Colliers Securities have made an estimate for Biomerica Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 10, 2020. While these analysts kept the previous recommendation, B. Riley FBR Inc. raised their target price to Buy. The new note on the price target was released on January 04, 2018, representing the official price target for Biomerica Inc. stock.
The Average True Range (ATR) for Biomerica Inc. is set at 0.09, with the Price to Sales ratio for BMRA stock in the period of the last 12 months amounting to 1.66. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 0.32.
How has BMRA stock performed recently?
Biomerica Inc. [BMRA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.52. With this latest performance, BMRA shares dropped by -36.00% in over the last four-week period, additionally sinking by -43.35% over the last 6 months – not to mention a drop of -59.04% 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 BMRA stock in for the last two-week period is set at 16.18, with the RSI for the last a single of trading hit 9.24, and the three-weeks RSI is set at 23.25 for Biomerica Inc. [BMRA]. The present Moving Average for the last 50 days of trading for this stock 0.9489, while it was recorded at 0.6616 for the last single week of trading, and 1.0260 for the last 200 days.
Biomerica Inc. [BMRA]: Deeper insight into the fundamentals
Biomerica Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.37 and a Current Ratio set at 4.44.
Insider trade positions for Biomerica Inc. [BMRA]
The top three institutional holders of BMRA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BMRA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BMRA stock with ownership which is approximately 5.8386%.
