Biomerica Inc. (NASDAQ: BMRA) Is Up 9.26% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the last session, Biomerica Inc. (NASDAQ:BMRA)’s traded shares were 3.89 million, with the beta value of the company hitting -1.12. At the end of the trading day, the stock’s price was $0.37, reflecting an intraday gain of 18.75% or $0.06. The 52-week high for the BMRA share is $2.13, that puts it down -475.68 from that peak though still a striking 35.14% gain since the share price plummeted to a 52-week low of $0.24. The company’s market capitalization is $6.21M, and the average intraday trading volume over the past 10 days was 0.45 million shares, and the average trade volume was 362.72K shares over the past three months.

Biomerica Inc. (NASDAQ:BMRA) trade information

Biomerica Inc. (BMRA) registered a 18.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 18.75% in intraday trading to $0.37, hitting a weekly high. The stock’s 5-day price performance is 20.29%, and it has moved by 9.26% in 30 days. Based on these gigs, the overall price performance for the year is -61.06%. The short interest in Biomerica Inc. (NASDAQ:BMRA) is 0.37 million shares and it means that shorts have 5.52 day(s) to cover.

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An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -6.47%.

BMRA Dividends

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

Biomerica Inc. (NASDAQ:BMRA)’s Major holders

Biomerica Inc. insiders own 7.22% of total outstanding shares while institutional holders control 17.12%, with the float percentage being 18.45%. GRANAHAN INVESTMENT MANAGEMENT, LLC is the largest shareholder of the company, while 36.0 institutions own stock in it. As of 2024-06-30, the company held over 0.86 million shares (or 5.1152% of all shares), a total value of $0.38 million in shares.

The next largest institutional holding, with 0.23 million shares, is of RUSSELL INVESTMENTS GROUP, LTD.’s that is approximately 1.3442% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $99447.0.