Biomerica Inc [NASDAQ: BMRA] gained 101.71% on the last trading session, reaching $0.71 price per share at the time.
If compared to the average trading volume of 943.56K shares, BMRA reached a trading volume of 393801695 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 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 0.10, with the Price to Sales ratio for BMRA stock in the period of the last 12 months amounting to 2.32. The Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 0.13.
Trading performance analysis for BMRA stock
Biomerica Inc [BMRA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 115.18. With this latest performance, BMRA shares gained by 124.98% in over the last four-week period, additionally plugging by 91.12% over the last 6 months – not to mention a drop of -26.17% 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 82.36, with the RSI for the last a single of trading hit 87.70, and the three-weeks RSI is set at 77.64 for Biomerica Inc [BMRA]. The present Moving Average for the last 50 days of trading for this stock 0.3389, while it was recorded at 0.4109 for the last single week of trading, and 0.4349 for the last 200 days.
Biomerica Inc [BMRA]: A deeper dive into fundamental analysis
Biomerica Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.22 and a Current Ratio set at 3.17.
An analysis of Institutional ownership at Biomerica Inc [BMRA]
There are presently around $12.36%, or 14.02%% of BMRA stock, in the hands of institutional investors. The top three institutional holders of BMRA stocks are: GRANAHAN INVESTMENT MANAGEMENT, LLC with ownership of 0.86 million shares, which is approximately 5.1152%. RUSSELL INVESTMENTS GROUP, LTD., holding 0.23 million shares of the stock with an approximate value of $$99447.0 in BMRA stocks shares; and RUSSELL INVESTMENTS GROUP, LTD., currently with $$94406.0 in BMRA stock with ownership which is approximately 1.2761%.
