Biotricity Cut to Neutral at HC Wainwright

Slightly above 67% of Biotricity's investor base is looking to short. The analysis of overall sentiment of trading Biotricity stock suggests that many investors are alarmed at this time. Biotricity's investing sentiment can be driven by a variety of factors including economic data, Biotricity's earnings reports, geopolitical events, and overall market trends.
  
Biotricity was downgraded by HC Wainwright from a buy rating to a neutral rating in a report issued on Monday, MarketBeat reports. Biotricity Price Performance Shares of BTCY opened at 0.91 on Monday. Biotricity has a 12 month low of 0.70 and a 12 month high of 7.44. The stocks

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Biotricity Fundamental Analysis

We analyze Biotricity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Biotricity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Biotricity based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Cash And Equivalents

Cash And Equivalents Comparative Analysis

Biotricity is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Biotricity Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Biotricity stock to make a market-neutral strategy. Peer analysis of Biotricity could also be used in its relative valuation, which is a method of valuing Biotricity by comparing valuation metrics with similar companies.

Peers

Biotricity Related Equities

BBLGBone Biologics   9.80   
0%
73.0%
BSGMBioSig Technologies,   3.26   
0%
24.0%
MODDModular Medical   3.17   
0%
23.0%
NVNOEnVVeno Medical   3.05   
0%
22.0%
NSYSNortech Systems   1.76   
0%
13.0%
HSCSHeart Test   0.92   
0%
6.0%
NARIInari Medical   0.01   
0%
1.0%
TELATela Bio   0.38   
2.0%
0%
CLPTClearpoint Neuro   0.62   
4.0%
0%
PAVMPAVmed   0.75   
5.0%
0%
MXCTMaxCyte   0.87   
6.0%
0%
DCTHDelcath Systems   2.19   
16.0%
0%
MOVEMovano   2.88   
21.0%
0%
SRDXSurModics   3.66   
27.0%
0%
CVRXCVRx   3.87   
29.0%
0%
AIMDAinos   4.23   
31.0%
0%
BMRABiomerica   9.93   
74.0%
0%
BJDXBluejay Diagnostics   13.27   
100.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Other Consideration for investing in Biotricity Stock

If you are still planning to invest in Biotricity check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Biotricity's history and understand the potential risks before investing.
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