Biomerica Inc (NASDAQ:BMRA) 25.0% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, Biomerica Inc (NASDAQ:BMRA) saw 7.29 million shares changing hands with its beta currently measuring -1.17. Company’s recent per share price level of $0.32 trading at $0.02 or 6.44% at ring of the bell on the day assigns it a market valuation of $5.77M. That closing price of BMRA’s stock is at a discount of -565.62% from its 52-week high price of $2.13 and is indicating a premium of 25.0% from its 52-week low price of $0.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.12 million shares which gives us an average trading volume of 442.87K if we extend that period to 3-months.

Biomerica Inc (NASDAQ:BMRA) trade information

Upright in the green during last session for gaining 6.44%, in the last five days BMRA remained trading in the red while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $0.32 price level, adding 5.88% to its value on the day. Biomerica Inc’s shares saw a change of -74.23% in year-to-date performance and have moved -0.68% in past 5-day. Biomerica Inc (NASDAQ:BMRA) showed a performance of 3.57% in past 30-days. Number of shares sold short was 0.37 million shares which calculate 1.24 days to cover the short interests.

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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 -6.47% during past 5 years.

Biomerica Inc (NASDAQ:BMRA)’s Major holders

Insiders are in possession of 7.22% of company’s total shares while institution are holding 12.36 percent of that, with stock having share float percentage of 13.33%. Investors also watch the number of corporate investors in a company very closely, which is 12.36% institutions for Biomerica Inc that are currently holding shares of the company. GRANAHAN INVESTMENT MANAGEMENT, LLC is the top institutional holder at BMRA for having 0.86 million shares of worth $0.38 million. And as of 2024-06-30, it was holding 5.1152 of the company’s outstanding shares.

The second largest institutional holder is RUSSELL INVESTMENTS GROUP, LTD., which was holding about 0.23 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.3442 of outstanding shares, having a total worth of $99447.0.

On the other hand, JNL Series Trust-JNL/Multi Manager Small Cap GrowthFd and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 211.74 shares of worth $68200.0 or 1.26% of the total outstanding shares. The later fund manager was in possession of 169.01 shares on Jun 30, 2024 , making its stake of worth around $54438.0 in the company or a holder of 1.00% of company’s stock.