bioAffinity Technologies Inc. (BIAF): What Does Valuation Ratios Tell Us?

BEPC Stock
BEPC Stock

bioAffinity Technologies Inc. (NASDAQ:BIAF) saw an upside of 75.47% to close Tuesday at $2.79 after adding $1.2 on the day. The 5-day average trading volume is 13,777,260 shares of the company’s common stock. It has gained $3.9900 in the past week and touched a new high 3 times within the past 5 days. An average of 3,483,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,428,238.

BIAF’s 1-month performance is 65.09% or $0.9400 on its low of $1.3100 reached on 12/30/22. The company’s shares have touched a 52-week low of $1.31 and high of $15.55. However, the current price is down -82.06% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10015.38 while the price-to-book (PB) in the most recent quarter is 1.85.

bioAffinity Technologies Inc.’s quick ratio for the recent period was 9.60, with the current ratio over the same period at 9.60.

Earnings Surprise

Net income grew 100.0% to -$4.92 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than -$0.98 million. BIAF stock balance sheet for the recent quarter shows that total liabilities totaled 1.46 million, with total debt at $0.82 million. Shareholders hold equity totaling $8.37 million.

Let’s look briefly at bioAffinity Technologies Inc. (BIAF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 79.62% to suggest the stock is trending Overbought, with historical volatility in this time period at 298.92%.

The stock’s 5-day moving average is $1.8100, reflecting a +73.29% or $1.1800 change from its current price. BIAF is currently trading +54.14% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by +16.98%.

Stochastic %K and %D was 34.13% and 31.72% and the average true range (ATR) pointed at 0.4500. The RSI (14) points at 71.19%, while the 14-day stochastic is at 52.19% with the period’s ATR at 0.3800. The stock’s 9-day MACD Oscillator is pointing at 0.1800 and 0.2300 on the 14-day charts.

Analyst Ratings


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