Three Reasons to Buy BSGM Today

Investment and Company Research
Opportunity Research
COMPANY UPDATE

 

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BIOSIG TECHNOLOGIES, INC.

Three Reasons to Buy BSGM Today

Rob Goldman
rob@goldmanresearch.com

December 17, 2015
 

BIOSIG TECHNOLOGIES, INC. (OTCQB – BSGM - $1.24)

Price Target: $5.00 Rating: Speculative Buy
   

COMPANY SNAPSHOT

INVESTMENT HIGHLIGHTS

BioSig Technologies is a medical device company that is developing a proprietary technology platform designed to improve the $3 billion electrophysiology (EP) marketplace.  Led by a proven management team and a veteran, independent Board of Directors, Minneapolis-based BioSig Technologies is preparing to commercialize its PURE EP System by filing for FDA 501(k) clearance in 2016 along with an up-list to NASDAQ.

 

KEY STATISTICS

 
Price as of 12/15/15 $1.24  
52 Wk High - Low $4.80 - $1.13  
Est. Shares Outstanding* 14.7M  
Market Capitalization* $18.2M  
3 Mo Avg Vol 13,800  
Exchange: OTCQB  
 

COMPANY INFORMATION

BioSig Technologies, Inc.
8441 Wayzata Blvd.
Suite 240
Minneapolis MN 55426
Phone : 763.999.7330

Website : www.BioSigTech.com
Email :     info@biosigtech.com


Conclusion: A series of key milestone events next year serve as potential catalysts to drive BSGM’s stock from just over $1 today to $5 in 2016. Plus, M&A activity in the medical device market could also favorably impact BSGM’s near term and future valuation.

Catalyst #1: Preclinical study results are expected to be released in 1Q16 which should demonstrate that BioSig Technologies is set to transform its segment of the $3 billion electrophysiology (EP) marketplace. We expect results from recent and future studies to indicate that the Company’s flagship platform fulfills an unmet need by enhancing the efficacy, diagnostic value, and reduced timeframe of EP studies used in cardiac ablation procedures.

Catalyst #2: Management noted in a recent shareholder letter that it plans to up-list BSGM’s stock to a senior exchange (NASDAQ) during 1H16. This event should considerably enhance awareness, trading, and valuation of BSGM’s shares as prospective institutional investors currently precluded from buying OTC stocks will be able to purchase shares in the only publicly-traded pure-play EP stock.

Catalyst #3: BSGM plans to file for FDA 510(k) clearance to market its platform in 2H16. Companies that file for clearance typically receive a big boost in value and the event could be the trigger that ultimately leads to an acquisition of the Company. Big medical device firms have displayed an unquenchable thirst for EP companies with 3 completed M&A deals averaging $257M in price over the past 12 months alone. That compares with BSGM’s current $19M market cap.

With a series of milestones ahead, Tier 1 leadership, and high price tags afforded recent acquisitions, our near term target price for the tightly-held BSGM is $5. We reiterate our Speculative Buy rating.

 

Recent Trading History For BioSig Technologies, Inc. (OTC – BSGM)

(Source: www.Stockta.com)

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Senior Analyst: Robert Goldman

Rob Goldman founded Goldman Small Cap Research in 2009 and has over 25 years of investment and company research experience as a senior research analyst and as a portfolio and mutual fund manager. During his tenure as a sell side analyst, Rob was a senior member of Piper Jaffray's Technology and Communications teams. Prior to joining Piper, Rob led Josephthal & Co.'s Washington-based Emerging Growth Research Group. In addition to his sell-side experience Rob served as Chief Investment Officer of a boutique investment management firm and Blue and White Investment Management, where he managed Small Cap Growth portfolios and The Blue and White Fund.

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