BMRA Stock Summary and Trading Ideas (Biomerica | NASDAQ:BMRA)

Biomerica Inc is engaged in the development, manufacturing, and marketing of medical diagnostic products designed for the early detection and monitoring of chronic diseases and medical conditions. The company focuses on products for gastrointestinal diseases, food intolerances, diabetes, and certain esoteric tests. It operates in one segment namely, the design, development, marketing and sales of diagnostic kits. The majority of the company's revenue is earned from the Europe market.

Biomerica trades on the NASDAQ stock market under the symbol BMRA.

As of April 15, 2024, BMRA stock price declined to $0.77 with 100,377 million shares trading.

BMRA has a beta of 0.04, meaning it tends to be less sensitive to market movements. BMRA has a correlation of 0.00 to the broad based SPY ETF.

BMRA has a market cap of $12.95 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BMRA stock traded as high as $7.38 and as low as $.70.

The top ETF exchange traded funds that BMRA belongs to (by Net Assets): VTI, VXF.

BMRA has underperformed the market in the last year with a price return of -54.1% while the SPY ETF gained +23.9%. BMRA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.9% and -9.7%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

BMRA support price is $.77 and resistance is $.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BMRA stock will trade within this expected range on the day.