BioSig Technologies Inc. (NASDAQ: BSGM) Is Likely To Grow By 78.6% Or More – Marketing Sentinel
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BioSig Technologies Inc. (NASDAQ: BSGM) Is Likely To Grow By 78.6% Or More

During the recent session, BioSig Technologies Inc. (NASDAQ:BSGM)’s traded shares were 0.48 million, with the beta value of the company hitting 1.72. At the last check today, the stock’s price was $1.07, reflecting an intraday gain of 21.59% or $0.19. The 52-week high for the BSGM share is $4.58, that puts it down -328.04 from that peak though still a striking 41.12% gain since the share price plummeted to a 52-week low of $0.63. The company’s market capitalization is $37.79M, and the average intraday trading volume over the past 10 days was 0.19 million shares, and the average trade volume was 274.40K shares over the past three months.

BioSig Technologies Inc. (BSGM) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. BSGM has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.18.

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BioSig Technologies Inc. (NASDAQ:BSGM) trade information

BioSig Technologies Inc. (BSGM) registered a 21.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 21.59% in intraday trading to $1.07 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 18.89%, and it has moved by -23.48% in 30 days. Based on these gigs, the overall price performance for the year is -75.82%. The short interest in BioSig Technologies Inc. (NASDAQ:BSGM) is 2.26 million shares and it means that shorts have 5.42 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.00, which implies an increase of 78.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.00 and $6.00 respectively. As a result, BSGM is trading at a discount of -460.75% off the target high and -273.83% off the low.

BioSig Technologies Inc. (BSGM) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 25.00% this quarter and then jump 19.00% in the quarter after that. In the rating firms’ projections, revenue will increase 621.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $700k as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $990k by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $207k and $360k respectively. In this case, analysts expect current quarter sales to grow by 238.20% and then jump by 175.00% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.70%. While earnings are projected to return 49.10% in 2022.

BSGM Dividends

BioSig Technologies Inc. is due to release its next quarterly earnings on November 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

BioSig Technologies Inc. (NASDAQ:BSGM)’s Major holders

BioSig Technologies Inc. insiders own 11.94% of total outstanding shares while institutional holders control 12.16%, with the float percentage being 13.81%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 60 institutions own stock in it. As of Mar 30, 2022, the company held over 1.1 million shares (or 5.57% of all shares), a total value of $1.26 million in shares.

The next largest institutional holding, with 0.89 million shares, is of InterOcean Capital Group, LLC’s that is approximately 4.53% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.03 million.

Also, the Mutual Funds coming in first place with the largest holdings of BioSig Technologies Inc. (BSGM) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 0.62 million shares. This amounts to just over 3.16 percent of the company’s overall shares, with a $0.72 million market value. The same data shows that the other fund manager holds slightly less at 0.4 million, or about 2.05% of the stock, which is worth about $0.46 million.

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