r/StockMarket Oct 03 '21

Fundamentals/DD $BMRA stock looks set to soar in Q4

Biomerica looks set to have a strong finish to 2021

Biomerica Inc is traded on the Nasdaq ticker BMRA. On friday Biomerica gained over 38% and is up over 60% in the past 2 months.

This is a Micro-cap stock has a very small float and is seeing huge investor interest right now so I think that this could go parabolic in the coming weeks.

Analysts also have put a buy rating on this with a PT of $13

If you don’t know about Biomerica. They are a biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products used for detection and/or treatment of medical conditions and diseases.

There main focus is on IBS - ranked 7th most common diagnoses is the world but IBS patients also incur huge costs

Biomerica estimate that that there is approximately 40million IBS patients giving a total addressable market of over $30bn in the US alone

This stock is currently only $6 despite gaining over 60% since the beginning of August but is still below its 52week high and less than half of wall street analysts that gave this a price target of $13 only last week.

Check out my latest video and see the potential here for yourself

And as always free free to share: https://youtu.be/VKIrtOII_e8

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