Stock News Spotlight: BioSig Technologies (NASDAQ:BSGM)

BioSig Technologies (NASDAQ:BSGM) stock identified change of 89.41% away from 52-week low price and recently located move of -64.04% off 52-week high price. It has market worth of $139.11M . BSGM stock has been recorded 2.57% away from 50 day moving average and -32.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.31% off 20-day moving average.

On Dec. 18, 2020, BioSig Technologies (NASDAQ:BSGM) a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, declared that the Company and its NeuroClear Technologies division signed a new research agreement with the University of Minnesota.

Under the terms of the agreement, the Company intends to launch a program to develop novel therapies to treat sympathetic nervous system disease. Due to launch in Q4 2020, the program studies are expected to form a foundation for developing a new platform technology to address disorders of the autonomic nervous system. NeuroClear intends to develop new intellectual properties and products, including new hardware, software, and algorithmic solutions, with the support of a tier 1 US-based manufacturing partner and take it through FDA approval, manufacturing, and commercialization. The R&D program will be run under the leadership of Richard W. Bianco, Ph.D., Professor, Director of Experimental Surgical Services (ESS), Department of Surgery in the University of Minnesota Medical School, John W. Osborn, Ph.D., Professor, Department of Surgery and Director of the Minnesota Consortium for Autonomic Neuromodulation (MCAN) in the University of Minnesota Medical School and Barry Keenan, Ph.D., Vice President of Engineering at NeuroClear.

The Healthcare sector company, BioSig Technologies noticed change of -2.83% to $4.47 along volume of 399498 shares in recent session compared to an average volume of 524.56K. The stock observed return of -15.66% in 5 days trading activity. The stock was at 15.21% over one month performance. BSGM’s shares are at -45.09% for the quarter and driving a -27.61% return over the course of the past year and is now at -24.49% since this point in 2018.

The average volatility for the week at 9.66% and for month was at 7.85%. There are 29.75M shares outstanding and 23.59M shares are floated in market. Right now the stock beta is 1.87.

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Dennis Morris

Dennis Morris writes related to the Business Category. He manages to cover anything thrown at him in these two verticals owing to his natural inclination towards Business. Dennis is our freelance contributor. He is responsible for covering developments in finance and business categories.

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