How Biotricity Inc. (BTCY) Is Doing Technically?

The stock of Biotricity Inc. (NASDAQ:BTCY) increased by increased by $0.77 on Friday to finish at $4.24, up 22.01 percent. The last five days have seen an average of 968,920 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $3.50. The average number of shares traded over the last 20 days was 365,210, while the average volume over the last 50 days totaled 280,442.

BTCY stock appreciated 33.97% since last month. On 10/06/21, the company’s shares reached a one-month low of $2.60. The stock touched a high of $4.25 on 10/22/21, after rallying from a low of $0.67 in 52 weeks. The price of BTCY stock has risen by 474.33% or $3.50 this year, reaching a new high 21 times. Still, the stock price is down -0.24% from the 52-week high.

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Insider Transactions

There have been 14 days since Biotricity Inc. (BTCY) last reported insider trading activity on Oct 11. On Oct 11, Director Rosa David A sold 3,318 shares at $3.05 each. This transaction resulted in the insider making $10,120. On Oct 08, Rosa David A sold 9,481 shares at a price of US$3.20. After the transaction, the insider now owns 128,318 shares. Director Rosa David A had earlier sold 17,228 shares on Oct 07 for $3.08 a share. The transaction was completed for $53,119.

For the three months ended June 29, Biotricity Inc.’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 53.10% percent.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BTCY’s return on assets (ROA) during the last 12 months has been -526.10%. There was a 640.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 213.30%.

Earnings Surprise

According to Biotricity Inc.’s quarterly financial report for the quarter that ended June 29, it had $0.41 million in cash and short-term investments. Net income for the quarter came in at $1.76 million, while revenues rose by 74.43% to $1.19 million. It was predicted that Biotricity Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.09. At the end of Biotricity Inc.’s most recent quarter ended June 29, its total debt was $6.47 million.

Technical Picture

Here’s a quick look at Biotricity Inc.’s (BTCY) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 84.81%, suggesting the stock is Overbought, with a 105.30% historical volatility rate.

The stochastic %K and %D were 78.03% and 72.50% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 95.35%, the RSI (14) reading is 76.50%. On the 9-day MACD Oscillator, the stock is at 0.36, and the 14-day reading is at 0.48.

Analyst Ratings

Analysts have assigned Biotricity Inc. (BTCY) an Buy rating. BTCY is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is BTCY’s price target for the next 12 months?

The current consensus forecast for the stock is between $6.00 and $6.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Biotricity Inc. (BTCY) is $6.00.


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