$BIEI A Graphene Stock To Watch In 2023Premier Biomedical, Inc., N/K/A Nova-Graphene Ballistics, Inc. (OTC: BIEI) is a graphene stock worth watching as it prepares to operate in this lucrative industry. With the company securing a reverse merger to operate in this lucrative field, many investors are confident BIEI stock could be poised to reach the penny mark on more news. In light of this, BIEI could be one of the top graphene stocks to accumulate in anticipation of more updates.
BIEI Fundamentals
With much speculation regarding a reverse merger, BIEI gained investors’ attention after merging with Nova Graphene Ballistics, Inc which has the rights of use – within the US – of a proprietary technology for graphene ballistic plate production. In this way, the company is set to operate as a marketer and seller of graphene products integrating a low cost approach to produce graphene.
As a global advanced materials firm, NG Ballistics has a main focus on research, production, and marketing of its proprietary CarbonEra graphene, CarbonEra Black, as well as graphene-enhanced materials and products for the manufacturing sector. These products are produced in the company’s 12 thousand square foot light industrial facility and can be integrated into the production process of other products to make them stronger, as well as more fire resistant and energy efficient. Based on these features, BIEI could become one of the top graphene stocks in the OTC given its product’s potential uses in several industries.
With this in mind, BIEI is currently focused on producing lightweight, super protective, 3D printed gear for army wear and law enforcement. Meanwhile, the company has the potential to enter into the EV space since graphene could be used in manufacturing EV batteries. Although graphene adoption is significantly costly, BIEI could be well-positioned to capitalize on this fact since it is able to produce high-quality graphene products using its proprietary low-cost production model. This model has been made possible thanks to BIEI’s partnerships with Nova Graphene Inc. and Nova Graphene Canada.
On that note, the company is also in partnership with Carbon Rivers LLC where all these companies are working together to supply large-scale industrial quantities of graphene at the most competitive large-volume prices. In light of these partnerships, BIEI stock appears to be a graphene stock worth investing in for the long-term as the company works to expand graphene adoption.
Meanwhile, BIEI is currently working to bring its proprietary technology to the US market to accelerate the commercialization of 3D-printed ballistics plates. With this in mind, the company’s Canadian branch – Nova Graphene Canada – is starting with its third defense contract with the Canadian federal government where production will take place in the company’s Tennessee facility. If the company is able to translate its success in the US market and secure federal contracts, BIEI stock could be one of the best graphene stocks to hold on for the long-term considering its relatively cheap PPS.
In other news, many investors are bullish on BIEI stock’s future prospects as the company promised to not effect a reverse split. At the same time, BIEI committed to a policy of no convertible debt to avoid diluting its shareholders’ value. Thanks to these commitments from the company, investors are increasingly bullish BIEI stock has the potential to become one of the best graphene stocks in 2023.
Technical Analysis
BIEI stock is trading at $.0058 near its resistance at .006 and shows supports near .0047, .0035, and .0021. Following the company’s reverse merger, BIEI soared more than 250% thanks to the bullish sentiment surrounding the deal. As one of the promising graphene stocks in the OTC, BIEI has the potential to reach new highs this week considering its momentum. With the stock trading near its resistance, investors could watch for a retest of the support as profit taking could take place as the stock is near a 52-week high. In that case, BIEI could be a profitable buy since the stock could soar on more news. However, investors should be wary of a gap near $.0027 that has to fill.
Considering the sentiment surrounding BIEI’s reverse merger, accumulation is trending upwards and the MACD is bullish to the upside. Meanwhile, the RSI is picking up at 63 which leaves enough room for BIEI stock to run with volume. Given that the company could release more updates soon, BIEI could be well-positioned to reach new 52-week highs. BIEI has an OS of 1 billion and a float near 999.7 million.
BIEI Forecast
As the company secured a profitable reverse merger, BIEI is landing on investors’ watchlists thanks to the major potential of the graphene industry. Considering the company’s partnerships in this field, BIEI appears to be a graphene stock to hold onto for the long-term given its potential. With this in mind, this merger could prove to be profitable to BIEI’s shareholders since the company is starting its third contract with the Canadian federal government. If the company is able to replicate its success in the US market and secure federal contracts, BIEI stock could be one of the best graphene stocks to invest in. With the company committing to a no convertible debt policy and promising no reverse splits, BIEI could be one to accumulate in anticipation of more updates.
