Should Investors Trust The Upside Potential In Baird Medical Investment Holdings Limited (BDMD)?

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) currently has a daily average trading volume of 61.62K but it saw 89061838 shares traded in last market. With a market cap of 1.95B USD, the company’s current market price of $7.60 came rising about 623.81 while comparing to the previous closing price of $1.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.52 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $1.415 while lowest mark touched by it was $9.35.

Taking a look at 20-day trading activity of Baird Medical Investment Holdings Limited (BDMD) gives us an average price of $2.0600, while its current price level is -43.79% below from 52-week high level whereas it is 623.81% 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 $2.4700. A closer look into the stock’s movement over the week reveals that its volatility is standing at 133.21% during that period while stretching the period over a month that decreases to 50.01%. 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 80.22 which implies that the stock is in overbought territory.

Over the week, BDMD’s stock price is moving 270.73% up while it is 210.20% when we observe its performance for the past one month. Year-to-date it is -29.04% down and over the past year, the stock is showing a downside performance of -27.06%.

Currently, Baird Medical Investment Holdings Limited’s total number of outstanding shares is 7.29M. Company’s return on investment (ROI) stands at -194.92% and return on equity (ROE) at -25.39%. Stock’s beta reads 0.27. Stock has a price to book (P/B) ratio of 22.13. Its return on asset (ROA) is -14.19% on average.