Heartbeam Stock Price on October 17, 2023
| BEAT Stock | USD 3.02 0.12 3.82% |
If you're considering investing in Heartbeam Stock, it is important to understand the factors that can impact its price. As of today, the current price of Heartbeam stands at 3.02, as last reported on the 11th of December 2024, with the highest price reaching 3.20 and the lowest price hitting 2.90 during the day. Heartbeam appears to be unstable, given 3 months investment horizon. Heartbeam holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of standard deviation over the last 3 months. By evaluating Heartbeam's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Heartbeam's risk adjusted performance of 0.0993, and Market Risk Adjusted Performance of (1.48) to validate if our risk estimates are consistent with your expectations.
At this time, Heartbeam's Capital Stock is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 3.6 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 16.3 M in 2024. . At this time, Heartbeam's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 3.15 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop (4.06) in 2024. Heartbeam Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Heartbeam |
Sharpe Ratio = 0.1287
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Estimated Market Risk
| 4.52 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Heartbeam is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Heartbeam by adding it to a well-diversified portfolio.
Price Book 17.44 | Book Value 0.605 | Enterprise Value 78 M | Enterprise Value Ebitda (2.99) | Shares Float 19.3 M |
Heartbeam Valuation on October 17, 2023
It is possible to determine the worth of Heartbeam on a given historical date. On October 17, 2023 Heartbeam was worth 1.55 at the beginning of the trading date compared to the closed value of 1.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Heartbeam stock. Still, in general, we apply an absolute valuation method to find Heartbeam's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Heartbeam where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Heartbeam's related companies.
| Open | High | Low | Close | Volume | |
| 1.51 | 1.77 | 1.50 | 1.52 | 84,672 | |
10/17/2023 | 1.55 | 1.61 | 1.48 | 1.48 | 71,970 |
| 1.51 | 1.55 | 1.50 | 1.51 | 35,643 |
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Heartbeam Trading Date Momentum on October 17, 2023
| On October 18 2023 Heartbeam was traded for 1.51 at the closing time. The top price for the day was 1.55 and the lowest listed price was 1.50 . The trading volume for the day was 35.6 K. The trading history from October 18, 2023 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 2.03% . The trading delta at closing time against the current closing price is 4.05% . |
Heartbeam Fundamentals Correlations and Trends
By evaluating Heartbeam's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Heartbeam's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Heartbeam financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Heartbeam Stock history
Heartbeam investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Heartbeam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Heartbeam will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Heartbeam stock prices may prove useful in developing a viable investing in Heartbeam
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 20.3 M | 19.1 M | |
| Net Loss | -11.7 M | -11.1 M |
Heartbeam Stock Technical Analysis
Heartbeam technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Heartbeam Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Heartbeam cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Heartbeam December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Heartbeam stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heartbeam shares will generate the highest return on investment. By undertsting and applying Heartbeam stock market strength indicators, traders can identify Heartbeam entry and exit signals to maximize returns
Heartbeam Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Heartbeam's price direction in advance. Along with the technical and fundamental analysis of Heartbeam Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Heartbeam to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0993 | |||
| Jensen Alpha | 0.594 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.121 | |||
| Treynor Ratio | (1.49) |
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Additional Tools for Heartbeam Stock Analysis
When running Heartbeam's price analysis, check to measure Heartbeam's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heartbeam is operating at the current time. Most of Heartbeam's value examination focuses on studying past and present price action to predict the probability of Heartbeam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heartbeam's price. Additionally, you may evaluate how the addition of Heartbeam to your portfolios can decrease your overall portfolio volatility.