Assure Holdings Corp (IONM) Stock Showcases 14.12% 20-Day Moving Average

The stock of Assure Holdings Corp (IONM) has seen a 18.32% increase in the past week, with a 50.57% gain in the past month, and a 90.53% flourish in the past quarter. The volatility ratio for the week is 14.35%, and the volatility levels for the past 30 days are at 18.67% for IONM. The simple moving average for the past 20 days is 14.12% for IONM’s stock, with a 27.42% simple moving average for the past 200 days.

Is It Worth Investing in Assure Holdings Corp (NASDAQ: IONM) Right Now?

Moreover, the 36-month beta value for IONM is 1.68. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for IONM is 5.20M and currently, short sellers hold a 20.01% of that float. On April 04, 2024, IONM’s average trading volume was 1.43M shares.

IONM) stock’s latest price update

Assure Holdings Corp (NASDAQ: IONM)’s stock price has soared by 9.79 in relation to previous closing price of 0.48. Nevertheless, the company has seen a gain of 18.32% in its stock price over the last five trading days. InvestorPlace reported 2024-03-12 that Assure Holdings (NASDAQ: IONM ) stock is rising higher on Tuesday after the intraoperative neuromonitoring surgical support services company announced plans to sell some of its assets. This deal has Assure Holdings selling $4.5 million worth of assets from its business to MPOWERHealth.

IONM Trading at 45.98% from the 50-Day Moving Average

After a stumble in the market that brought IONM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.40% of loss for the given period.

Volatility was left at 18.67%, however, over the last 30 days, the volatility rate increased by 14.35%, as shares surge +49.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +150.48% upper at present.

During the last 5 trading sessions, IONM rose by +18.32%, which changed the moving average for the period of 200-days by -43.03% in comparison to the 20-day moving average, which settled at $0.4705. In addition, Assure Holdings Corp saw 106.67% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at IONM starting from Parsons Preston T, who sale 2,500 shares at the price of $3.03 back on Apr 11 ’23. After this action, Parsons Preston T now owns 175,025 shares of Assure Holdings Corp, valued at $7,579 using the latest closing price.

Burian Martin Andrew, the Director of Assure Holdings Corp, sale 2,609 shares at $2.84 during a trade that took place back on Apr 10 ’23, which means that Burian Martin Andrew is holding 250 shares at $7,410 based on the most recent closing price.

Stock Fundamentals for IONM

Current profitability levels for the company are sitting at:

  • -8.18 for the present operating margin
  • -2.09 for the gross margin

The net margin for Assure Holdings Corp stands at -10.79. The total capital return value is set at -5.12.

Based on Assure Holdings Corp (IONM), the company’s capital structure generated 1.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.51. The debt to equity ratio resting at -2.43. The interest coverage ratio of the stock is -16.33.

Currently, EBITDA for the company is -22.24 million with net debt to EBITDA at -0.6. When we switch over and look at the enterprise to sales, we see a ratio of 4.95. The receivables turnover for the company is 0.34for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.

Conclusion

To wrap up, the performance of Assure Holdings Corp (IONM) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

Related Posts