Where Does HeartBeam Inc. (BEAT) Rank When It Comes To Price-To-Earnings Ratio?

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HeartBeam Inc. (NASDAQ:BEAT) traded with an addition of $0.48 to $2.06 on Thursday, an upside of 30.43 percent. An average of 5,527,613 shares of common stock have been traded in the last five days. There was a fall of -$0.3301 in the past week. The last 20 days have seen an average of 7,126,953 shares traded, while the 50-day average volume stands at 2,944,153.

BEAT stock has increased by 25.40% in the last month. The company shares reached their 1-month lowest point of $1.1200 on 09/02/22. Shares of the company touched a low of $1.12 and a high of $5.47 in 52 weeks. It has reached a new high 2 times so far this year and lost -48.70% or -$1.0901 in price. In spite of this, the price is down -62.32% from the 52-week high.


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Financial Health

The quick ratio of HeartBeam Inc. for the three months ended March 30 was 12.60, and the current ratio was 12.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, HeartBeam Inc.’s return on assets was -95.60%.

Earnings Surprise

The company posted a net income of -$3.53 million in the quarter, while revenues of -$2.15 million were grew 290.08%. The analyst consensus anticipated HeartBeam Inc.’s latest quarter earnings to come in at -$0.19 per share, but it turned out to be -$0.27, a -42.10% surprise. At the end of the quarter ending March 30, HeartBeam Inc.’s stock balance sheet showed total liabilities of 0.77 million. Shareholders own equity worth $8.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at HeartBeam Inc. (BEAT) price momentum. RSI 9-day as of the close on 21 September was 61.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 368.57%.

As of today, BEAT’s price is $1.8700 -14.23% or -$0.3301 from its 5-day moving average. BEAT is currently trading +53.07% higher than its 20-day SMA and +45.25% higher than its 100-day SMA. However, the stock’s current price level is +46.32% above the SMA50 and -51.99% below the SMA200.

The stochastic %K and %D were 52.63% and 55.22%, respectively, and the average true range (ATR) was 0.2979. With the 14-day stochastic at 65.41% and the average true range at 0.2466, the RSI (14) stands at 60.94%. The stock has reached 0.1033 on the 9-day MACD Oscillator while the 14-day reading was at 0.2707.

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