BATM Advanced Communications Share Forecast October 2021 – Time to Buy BVC?

Shares of the leading technology company BATM Advanced Communications (LSE: BVC) are in the green today at 90.7p as of October 1st (09:39 GMT+1). In the recent half-decade, the BVC share price has increased by 441%, providing a substantial return for long-term investors. However, it is important to evaluate the business’s fundamentals to assess if the long-term investor gain has reflected the underlying business’s success.

BATM – Technical Analysis

As per the financial statement from BATM Advanced Communications, the market cap of the technology firm is at £400.355M with total assets worth £141.834M. The total revenue for 2020 was £143.15 million whereas in 2019 it was £96.73 million.

Oscillators for BVC including Relative Strength Index (14)(48.6), Stochastic %K (14, 3, 3)(27.5), Commodity Channel Index (20)(−38.8), Average Directional Index (14)(17.3) are indicating a neutral status. Moving averages such as Exponential Moving Average (10)(91.4), Simple Moving Average (10)(91.6), Exponential Moving Average (20)(91.3), Simple Moving Average (20)(91.6) are pointing towards selling.

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Recent Developments

BATM Advanced Communications is a technology company that is divided into two sections including Biomedical and Networking & Cyber Security. Located in Israel, BATM has branches and clients across North America, Europe, and Asia. The core areas of specialization being biomedical networking, cyber security, and technology, the firm appears to be set for growth since the value of diagnostic lab equipment has risen due to the pandemic.

On 13th September, CEMEX, an NYSE-listed building material organisation has secured a deal with BATM to deliver Edgility OS, the group’s network function virtualisation (NFV) operating system. The deal is estimated to be worth $2 million, with revenue estimated that by the end of the year.

When reviewing the first-half (H1) financial reports for 2021, focusing on developing economies like Mexico and Brazil has proven to be beneficial for BATM. The bio-medical sector of the company appeared to be doing positively, accounting for 70% of overall sales. This tech share has increased in price from 43p in April 2020 to around 90p now. According to analysts, revenue is expected to rise by 25% in 2021 since two additional cyber security contracts worth $14.1 million were finalized in July 2021 that backs up this assertion.

In August, BATM published encouraging half-year earnings for the 6 months ending June 30, 2021. Despite reduced sales than the similar quarter the year before, gross profit was higher, and the biomedical business continued to develop at a rapid pace. As a consequence, BATM’s full-year forecasts have risen as well.

Should You Buy BATM Advanced Communications Shares?

BVC is now fluctuating around 90p per share as of this posting which has increased by more than 100 per cent since trading at 43p a share, prior to the beginning of the pandemic – certainly a promising sign for investors. For the previous 4 years, revenue, operating profit, and net earnings have all grown where in the last two years gross profit has risen as well.

The most significant risk for BATM is its position in the market and the competition it encounters. Larger companies with proven track records can outperform BATM in their industry. Many medical companies have released Covid-19-related technologies, and many major cyber security businesses are competing for new business as well. As a result of the competition, BATM’s financials and investment sustainability may weaken.

That being said, BATM still proves to be a potential penny share that has a promising performance record. Taking the financials and growth prospects of BATM into consideration, it reflects all the signs of being a profitable long-term investment for the shareholders.

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