BioNexus Gene Lab Corp [NASDAQ: BGLC] gained 42.65% or 0.12 points to close at $0.40 with a heavy trading volume of 194742902 shares.
The daily chart for BGLC points out that the company has recorded -15.59% loss over the past six months.
If we look at the average trading volume of 611.91K shares, BGLC reached to a volume of 194742902 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 BioNexus Gene Lab Corp [BGLC]:
The Average True Range (ATR) for BioNexus Gene Lab Corp is set at 0.08, with the Price to Sales ratio for BGLC stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 0.76, with the Price to Cash per share for the same quarter was set at 0.23.
Trading performance analysis for BGLC stock
BioNexus Gene Lab Corp [BGLC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 64.20. With this latest performance, BGLC shares gained by 14.00% in over the last four-week period, additionally sinking by -15.59% over the last 6 months – not to mention a drop of -23.59% 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 BGLC stock in for the last two-week period is set at 71.61, with the RSI for the last a single of trading hit 81.00, and the three-weeks RSI is set at 64.87 for BioNexus Gene Lab Corp [BGLC]. The present Moving Average for the last 50 days of trading for this stock 0.3081, while it was recorded at 0.2932 for the last single week of trading, and 0.4572 for the last 200 days.
BioNexus Gene Lab Corp [BGLC]: A deeper dive into fundamental analysis
BioNexus Gene Lab Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.99 and a Current Ratio set at 4.98.
