Biotricity Reports Strong Start to Fiscal Year 2024

Slightly above 67% of Biotricity's investor base is looking to short. The analysis of overall sentiment of trading Biotricity stock suggests that many investors are alarmed at this time. Biotricity's investing sentiment can be driven by a variety of factors including economic data, Biotricity's earnings reports, geopolitical events, and overall market trends.
  
Biotricity Inc. , a Technology-as-a-Service company operating in the remote cardiac monitor sector of consumer healthcare, today reported a strong start to its Fiscal Year 2024 ending March 31, 2024 and provided a preliminary estimate of its revenue for its first quarter of fiscal year 2024.

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Biotricity Fundamental Analysis

We analyze Biotricity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Biotricity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Biotricity based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Number Of Shares Shorted

Number Of Shares Shorted Comparative Analysis

Biotricity is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Biotricity Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Biotricity stock to make a market-neutral strategy. Peer analysis of Biotricity could also be used in its relative valuation, which is a method of valuing Biotricity by comparing valuation metrics with similar companies.

Peers

Biotricity Related Equities

AIMDAinos   24.66   
0%
100.0%
BBLGBone Biologics   5.21   
0%
21.0%
MODDModular Medical   4.20   
0%
17.0%
PAVMPAVmed   2.10   
0%
8.0%
HSCSHeart Test   1.45   
0%
5.0%
BJDXBluejay Diagnostics   1.40   
0%
5.0%
CVRXCVRx   1.39   
0%
5.0%
NVNOEnVVeno Medical   0.86   
0%
3.0%
SRDXSurModics   0.30   
0%
1.0%
NARIInari Medical   0.18   
0%
1.0%
CLPTClearpoint Neuro   0.17   
1.0%
0%
TELATela Bio   0.37   
1.0%
0%
DCTHDelcath Systems   0.39   
1.0%
0%
MXCTMaxCyte   0.99   
4.0%
0%
BSGMBioSig Technologies,   2.59   
10.0%
0%
NSYSNortech Systems   2.70   
10.0%
0%
BMRABiomerica   5.65   
22.0%
0%
MOVEMovano   18.00   
72.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Other Consideration for investing in Biotricity Stock

If you are still planning to invest in Biotricity check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Biotricity's history and understand the potential risks before investing.
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