Look Past The Setbacks And Give Bluejay Diagnostics Inc (NASDAQ: BJDX) Another Chance

Bluejay Diagnostics Inc (NASDAQ:BJDX) currently has a daily average trading volume of 1.94M but it saw 1388117 shares traded in last market. With a market cap of 0.97M USD, the company’s current market price of $0.16 came falling about -4.56 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $48.80 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.1513 while lowest mark touched by it was $0.171.

Taking a look at 20-day trading activity of Bluejay Diagnostics Inc (BJDX) gives us an average price of $0.2641, while its current price level is -99.68% below from 52-week high level whereas it is 2.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5223 while that of 200 days or SMA-200 reads an average of $7.0646. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.01% during that period while stretching the period over a month that increases to 19.37%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 23.63 which implies that the stock is in oversold territory.

Over the week, BJDX’s stock price is moving -29.38% down while it is -65.74% when we observe its performance for the past one month. Year-to-date it is -98.41% down and over the past year, the stock is showing a downside performance of -99.67%.

Currently, Bluejay Diagnostics Inc’s total number of outstanding shares is 6.25M. Company’s return on investment (ROI) stands at -106.84% and return on equity (ROE) at -125.25%. Stock’s beta reads 0.71. Stock has a price to book (P/B) ratio of 0.05. Its return on asset (ROA) is -97.27% on average.