Semler Scientific (NASDAQ:SMLR) Sees Strong Trading Volume - Time to Buy?

Shares of Semler Scientific, Inc. (NASDAQ:SMLR) experienced a notable increase in trading volume recently. On Friday, 149,046 shares were traded during midday, reflecting a decrease of 42% compared to the previous day's volume of 257,789 shares. The stock was last traded at $62.10, slightly above its previous close of $61.05.

The average price over the last 50 days stands at $35.16, while the 200-day simple moving average is at $31.74. Semler Scientific has a market capitalization of $487.87 million, a price-to-earnings ratio of 29.78, and a beta of 0.92, indicating moderate volatility.

Recent Earnings Report

The company shared its quarterly earnings data on November 4th, reporting earnings per share (EPS) of $0.72 for the quarter. This result exceeded analysts' expectations, which were set at $0.37, by a substantial margin of $0.35. Semler Scientific achieved a net margin of 27.00% and returned 20.31% on equity, with reported revenue of $13.51 million for the quarter.

Institutional Investment Activity

Many large investors have recently adjusted their holdings in Semler Scientific. Cerity Partners LLC increased its stake by 91.5% during the third quarter, now holding 1,345,586 shares valued at approximately $31.69 million after purchasing an additional 642,982 shares. Other notable investments include Shariaportfolio Inc., which acquired a new position valued at $3.62 million, and AQR Capital Management LLC, which increased its holdings by 150.1% during the second quarter. Institutional investors collectively hold approximately 49.37% of Semler Scientific stock.

About Semler Scientific

Semler Scientific, Inc. focuses on offering technology solutions aimed at enhancing the clinical efficiency and effectiveness of healthcare providers in the United States. One of its significant products is QuantaFlo, an in-office blood flow test that provides healthcare providers with quick blood flow measurements to assess a patient’s vascular health.

Conclusion

With the recent surge in trading volume, investors may be pondering whether now is the right time to invest in Semler Scientific. Although the stock currently bears a "Strong Buy" rating from analysts, there are suggestions that other stocks are gaining more favorable attention in the market.

Semler, Investing, Stocks