Biosig Technologies Inc (NASDAQ:BSGM): Buy, Sell Or Hold At $1.41?

NOVA

In recent trading session, Biosig Technologies Inc (NASDAQ:BSGM) saw 4.12 million shares changing hands at last check today with its beta currently measuring 0.83. Company’s recent per share price level of $1.41 trading at -$0.6 or -29.60% at last check today assigns it a market valuation of $13.20M. That most recent trading price of BSGM’s stock is at a discount of -1070.21% from its 52-week high price of $16.50 and is indicating a premium of 81.56% from its 52-week low price of $0.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.95 million shares which gives us an average trading volume of 968.87K if we extend that period to 3-months.

Biosig Technologies Inc (NASDAQ:BSGM) trade information

Upright in the red during last session for losing -29.60%, in the last five days BSGM remained trading in the green while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $1.41 price level, adding 52.68% to its value on the day. Biosig Technologies Inc’s shares saw a change of -70.21% in year-to-date performance and have moved 125.68% in past 5-day. Biosig Technologies Inc (NASDAQ:BSGM) showed a performance of 188.78% in past 30-days. Number of shares sold short was 0.67 million shares which calculate 0.8 days to cover the short interests.

Biosig Technologies Inc (BSGM) estimates and forecasts

The company is estimating its revenue growth to increase by 64.80% in the current quarter and calculating 66.70% increase in the next quarter. This year revenue growth is estimated to fall -60.60% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $100k for the same. And 1 analysts are in estimates of company making revenue of $200k in the next quarter that will end on Mar 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 12.54% during past 5 years.

BSGM Dividends

Biosig Technologies Inc is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Biosig Technologies Inc (NASDAQ:BSGM)’s Major holders

Insiders are in possession of 22.56% of company’s total shares while institution are holding 11.51 percent of that, with stock having share float percentage of 14.87%. Investors also watch the number of corporate investors in a company very closely, which is 11.51% institutions for Biosig Technologies Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at BSGM for having 1.65 million shares of worth $2.07 million. And as of Jun 29, 2023, it was holding 8.39% of the company’s outstanding shares.

The second largest institutional holder is Advisor Resource Council, which was holding about 0.9 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.57% of outstanding shares, having a total worth of $1.13 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.08 million shares of worth $1.35 million or 5.50% of the total outstanding shares. The later fund manager was in possession of 0.5 million shares on Jun 29, 2023, making its stake of worth around $0.63 million in the company or a holder of 2.54% of company’s stock.