HeartBeam Inc [NASDAQ: BEAT] gained 1.94% or 0.03 points to close at $1.58 with a heavy trading volume of 110240 shares.
The daily chart for BEAT points out that the company has recorded -49.36% loss over the past six months.
If we look at the average trading volume of 85.40K shares, BEAT reached to a volume of 110240 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 HeartBeam Inc [BEAT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BEAT shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BEAT stock is a recommendation set at 2.00. 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.
The Average True Range (ATR) for HeartBeam Inc is set at 0.13 The Price to Book ratio for the last quarter was 7.08, with the Price to Cash per share for the same quarter was set at 0.24.
Trading performance analysis for BEAT stock
HeartBeam Inc [BEAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.28. With this latest performance, BEAT shares dropped by -3.07% in over the last four-week period, additionally sinking by -49.36% over the last 6 months – not to mention a drop of -31.30% in the past year of trading.
HeartBeam Inc [BEAT]: A deeper dive into fundamental analysis
Return on Equity for this stock declined to -178.75%, with Return on Assets sitting at -178.75%.
HeartBeam Inc [BEAT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BEAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HeartBeam Inc go to 40.99%.
An analysis of Institutional ownership at HeartBeam Inc [BEAT]
There are presently around $8.99%, or 11.90%% of BEAT stock, in the hands of institutional investors. The top three institutional holders of BEAT stocks are: VANGUARD GROUP INC with ownership of 0.71 million shares, which is approximately 2.687%. SMITH, SALLEY & ASSOCIATES, holding 0.25 million shares of the stock with an approximate value of $$0.64 million in BEAT stocks shares; and SMITH, SALLEY & ASSOCIATES, currently with $$0.55 million in BEAT stock with ownership which is approximately 0.8021%.
