In the last trading session, 11.5 million shares of the Biomerica Inc (NASDAQ:BMRA) were traded, and its beta was -1.07. Most recently the company’s share price was $0.64, and it changed around -$0.07 or -9.35% from the last close, which brings the market valuation of the company to $11.74M. BMRA currently trades at a discount to its 52-week high of $1.35, offering almost -110.94% off that amount. The share price’s 52-week low was $0.24, which indicates that the current value has risen by an impressive 62.5% since then. We note from Biomerica Inc’s average daily trading volume that its 10-day average is 40.94 million shares, with the 3-month average coming to 7.32 million.
Biomerica Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BMRA as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Biomerica Inc is expected to report earnings per share of 0 for the current quarter.
Biomerica Inc (NASDAQ:BMRA) trade information
Instantly BMRA has showed a red trend with a performance of -9.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.2700 on recent trading dayincreased the stock’s daily price by 49.61%. The company’s shares are currently up 113.26% year-to-date, but still up 82.91% over the last five days. On the other hand, Biomerica Inc (NASDAQ:BMRA) is 106.45% up in the 30-day period. We can see from the shorts that 0.36 million shares have been sold at a short interest cover period of 0.63 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.47%.
BMRA Dividends
Biomerica Inc’s next quarterly earnings report is expected to be released in February.
Biomerica Inc (NASDAQ:BMRA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.79% of Biomerica Inc shares, and 12.36% of them are in the hands of institutional investors. The stock currently has a share float of 14.02%. Biomerica Inc stock is held by 29.0 institutions, with GRANAHAN INVESTMENT MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 5.1152% of the shares, which is about 0.86 million shares worth $0.38 million.
RUSSELL INVESTMENTS GROUP, LTD., with 1.3442% or 0.23 million shares worth $99447.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
JNL Series Trust-JNL/Multi Manager Small Cap GrowthFd and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 211.74 shares worth $0.14 million, making up 1.15% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 169.01 shares worth around $0.11 million, which represents about 0.92% of the total shares outstanding.
