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Tuesday, September 29, 2020

BioSig Technologies Inc. (NASDAQ:BSGM) Stock is Plummeting, Here is Why

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The BioSig Technologies Inc. (BSGM) shares are trading at lower $7.14 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $12.43 and the low is $2.36. Over the last 52 weeks, BSGM is down -42.56% while the S&P 500 is down -0.87%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BSGM reported a profit of $40000.0. BioSig Technologies Inc. also saw revenues decrease to $12.8 million. In addition, BSGM has free cash flow of -$5.96 million as of 03-2020. The company’s EBITDA came in at -$12.78 million which compares well with its peers.

BSGM Return on Equity (ROE) is -327.00%, and its Return on Assets is -271.10%. All told, it is clear that, BSGM needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BSGM has a short ratio of 3.10 and outstanding shares of 24.39M.

Company Outlook

BSGM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.72 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.76. BioSig Technologies Inc. BSGM also noted assets of $17.84 million at the end of the last quarter. Investors should also keep an eye on sector updates as BSGM has historically followed its peers on positive news.

All told, BioSig Technologies Inc. BSGM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BSGM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

BioSig Technologies Inc. BSGM is now commanding a market cap of 205.06M and a float of 22.61M. BSGM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BSGM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BSGM, either long or short, and we have not been compensated for this article.

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