The 36-month beta value for ACON is also noteworthy at 0.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ACON is 6.99M, and at present, short sellers hold a 0.89% of that float. The average trading volume of ACON on April 23, 2024 was 1.45M shares.
ACON) stock’s latest price update
Aclarion Inc (NASDAQ: ACON) has seen a decline in its stock price by -8.18 in relation to its previous close of 0.30. However, the company has experienced a -10.16% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-02-26 that Aclarion (NASDAQ: ACON ) stock is falling on Monday after the healthcare technology company revealed plans for a public offering of its shares. Aclarion intends to offer up to 3,888,888 units in this offering.
ACON’s Market Performance
Aclarion Inc (ACON) has experienced a -10.16% fall in stock performance for the past week, with a -23.78% drop in the past month, and a -89.46% drop in the past quarter. The volatility ratio for the week is 6.50%, and the volatility levels for the past 30 days are at 8.69% for ACON. The simple moving average for the last 20 days is -14.35% for ACON stock, with a simple moving average of -94.18% for the last 200 days.
ACON Trading at -56.39% from the 50-Day Moving Average
After a stumble in the market that brought ACON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.27% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 6.50%, as shares sank -21.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.68% lower at present.
During the last 5 trading sessions, ACON fell by -10.16%, which changed the moving average for the period of 200-days by -97.65% in comparison to the 20-day moving average, which settled at $0.3172. In addition, Aclarion Inc saw -91.41% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ACON
Current profitability levels for the company are sitting at:
- -64.71 for the present operating margin
- -0.56 for the gross margin
The net margin for Aclarion Inc stands at -65.18. The total capital return value is set at 6.7. Equity return is now at value -655.74, with -182.77 for asset returns.
Based on Aclarion Inc (ACON), the company’s capital structure generated 2.83 points at debt to capital in total, while cash flow to debt ratio is standing at -3.25. The debt to equity ratio resting at -1.55. The interest coverage ratio of the stock is -8.06.
Currently, EBITDA for the company is -4.71 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 27.34. The receivables turnover for the company is 5.62for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.37.
Conclusion
In summary, Aclarion Inc (ACON) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
