Biomerica Stock Price on April 2, 2024

BMRA Stock  USD 0.32  0.01  3.23%   
If you're considering investing in Biomerica Stock, it is important to understand the factors that can impact its price. As of today, the current price of Biomerica stands at 0.32, as last reported on the 26th of November, with the highest price reaching 0.34 and the lowest price hitting 0.31 during the day. Biomerica secures Sharpe Ratio (or Efficiency) of -0.0742, which signifies that the company had a -0.0742% return per unit of risk over the last 3 months. Biomerica exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biomerica's Risk Adjusted Performance of (0.05), mean deviation of 4.16, and Standard Deviation of 5.66 to double-check the risk estimate we provide.
  
Biomerica Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0742

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Estimated Market Risk

 5.66
  actual daily
50
50% of assets are less volatile

Expected Return

 -0.42
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Biomerica is not performing at its full potential. However, 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 Biomerica by adding Biomerica to a well-diversified portfolio.

Biomerica Valuation on April 2, 2024

It is possible to determine the worth of Biomerica on a given historical date. On April 2, 2024 Biomerica was worth 0.85 at the beginning of the trading date compared to the closed value of 0.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biomerica stock. Still, in general, we apply an absolute valuation method to find Biomerica'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 Biomerica where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biomerica's related companies.
 Open High Low Close Volume
  0.89    0.91    0.84    0.85    61,934  
04/02/2024
  0.85    0.91    0.83    0.86    78,192  
  0.84    0.88    0.82    0.83    38,374  
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Open Value
0.85
0.86
Closing Value
17.82
Upside

Biomerica Trading Date Momentum on April 2, 2024

On April 03 2024 Biomerica was traded for  0.83  at the closing time. The top price for the day was 0.88  and the lowest listed price was  0.82 . The trading volume for the day was 38.4 K. The trading history from April 3, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.49% . The overall trading delta against the current closing price is 2.33% .

Biomerica Fundamentals Correlations and Trends

By evaluating Biomerica'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 Biomerica's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biomerica financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Biomerica Stock history

Biomerica 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 Biomerica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biomerica 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 Biomerica stock prices may prove useful in developing a viable investing in Biomerica
Biomerica, Inc., a biomedical technology company, develops, patents, manufactures, and markets diagnostic and therapeutic products for the detection andor treatment of medical conditions and diseases worldwide. Biomerica, Inc. was incorporated in 1971 and is headquartered in Irvine, California. Biomerica operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 64 people.

Biomerica Stock Technical Analysis

Biomerica 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.
A focus of Biomerica technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Biomerica trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Biomerica Period Price Range

Low
November 26, 2024
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High

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Biomerica 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.

Biomerica November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Biomerica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biomerica shares will generate the highest return on investment. By undertsting and applying Biomerica stock market strength indicators, traders can identify Biomerica entry and exit signals to maximize returns

Biomerica Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Biomerica's price direction in advance. Along with the technical and fundamental analysis of Biomerica Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biomerica 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.

Complementary Tools for Biomerica Stock analysis

When running Biomerica's price analysis, check to measure Biomerica'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 Biomerica is operating at the current time. Most of Biomerica's value examination focuses on studying past and present price action to predict the probability of Biomerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biomerica's price. Additionally, you may evaluate how the addition of Biomerica to your portfolios can decrease your overall portfolio volatility.
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