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 2.03M but it saw 1027571 shares traded in last market. With a market cap of 2.03M USD, the company’s current market price of $0.12 came falling about -1.92 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $38.96 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.1201 while lowest mark touched by it was $0.1299.

Taking a look at 20-day trading activity of Bluejay Diagnostics Inc (BJDX) gives us an average price of $0.1439, while its current price level is -99.68% below from 52-week high level whereas it is 5.86% 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 $0.2690 while that of 200 days or SMA-200 reads an average of $4.5262. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.40% during that period while stretching the period over a month that increases to 10.59%. 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 22.64 which implies that the stock is in oversold territory.

Over the week, BJDX’s stock price is moving -15.18% down while it is -24.32% when we observe its performance for the past one month. Year-to-date it is -98.74% down and over the past year, the stock is showing a downside performance of -99.65%.

Currently, Bluejay Diagnostics Inc’s total number of outstanding shares is 16.55M. Company’s return on investment (ROI) stands at -106.84% and return on equity (ROE) at -125.25%. Stock’s beta reads 0.67. Stock has a price to book (P/B) ratio of 0.04. Its return on asset (ROA) is -97.27% on average.