In the last trading session, 0.11 million shares of the HeartBeam Inc (NASDAQ:BEAT) were traded, and its beta was -0.72. Most recently the company’s share price was $2.30, and it changed around $0.14 or 6.48% from the last close, which brings the market valuation of the company to $61.33M. BEAT currently trades at a discount to its 52-week high of $3.48, offering almost -51.3% off that amount. The share price’s 52-week low was $1.35, which indicates that the current value has risen by an impressive 41.3% since then. We note from HeartBeam Inc’s average daily trading volume that its 10-day average is 0.46 million shares, with the 3-month average coming to 156.01K.
HeartBeam Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended BEAT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. HeartBeam Inc is expected to report earnings per share of 0 for the current quarter.
HeartBeam Inc (NASDAQ:BEAT) trade information
Instantly BEAT has showed a green trend with a performance of 6.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.47 on recent trading dayincreased the stock’s daily price by 6.88%. The company’s shares are currently down -2.13% year-to-date, but still down -4.96% over the last five days. On the other hand, HeartBeam Inc (NASDAQ:BEAT) is -24.84% down in the 30-day period. We can see from the shorts that 0.13 million shares have been sold at a short interest cover period of 1.64 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 77.0% from its current value. Analyst projections state that BEAT is forecast to be at a low of $10 and a high of $10.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -82.01%.
BEAT Dividends
HeartBeam Inc’s next quarterly earnings report is expected to be released in February.
HeartBeam Inc (NASDAQ:BEAT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 29.25% of HeartBeam Inc shares, and 8.73% of them are in the hands of institutional investors. The stock currently has a share float of 12.34%. HeartBeam Inc stock is held by 31.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.6926% of the shares, which is about 0.71 million shares worth $1.83 million.
SMITH, SALLEY & ASSOCIATES, with 0.943% or 0.25 million shares worth $0.64 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
