Assure Holdings Corp (NASDAQ: IONM)’s stock price has dropped by -30.85 in relation to previous closing price of 0.64. Nevertheless, the company has seen a loss of -35.60% 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.
Is It Worth Investing in Assure Holdings Corp (NASDAQ: IONM) Right Now?
The stock has a 36-month beta value of 1.54. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IONM is 8.64M, and at present, short sellers hold a 3.21% of that float. On April 22, 2024, the average trading volume of IONM was 1.32M shares.
IONM’s Market Performance
IONM stock saw a decrease of -35.60% in the past week, with a monthly decline of -12.18% and a quarterly a decrease of 91.30%. The volatility ratio for the week is 18.81%, and the volatility levels for the last 30 days are 16.45% for Assure Holdings Corp (IONM). The simple moving average for the past 20 days is -23.93% for IONM’s stock, with a 9.79% simple moving average for the past 200 days.
IONM Trading at -3.90% 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 -89.45% of loss for the given period.
Volatility was left at 16.45%, however, over the last 30 days, the volatility rate increased by 18.81%, as shares sank -16.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.71% upper at present.
During the last 5 trading sessions, IONM fell by -35.60%, which changed the moving average for the period of 200-days by -51.65% in comparison to the 20-day moving average, which settled at $0.5742. In addition, Assure Holdings Corp saw 72.55% in overturn over a single year, with a tendency to cut further gains.
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 5.07. 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 sum up, Assure Holdings Corp (IONM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
