Assure Holdings Corp (NASDAQ: IONM)’s stock price has gone decline by -21.71 in comparison to its previous close of 0.89, however, the company has experienced a 58.18% increase 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?
Moreover, the 36-month beta value for IONM is 1.41. 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.”
The public float for IONM is 8.64M and currently, short sellers hold a 2.04% of that float. On April 29, 2024, IONM’s average trading volume was 1.30M shares.
IONM’s Market Performance
IONM’s stock has seen a 58.18% increase for the week, with a 55.88% rise in the past month and a 216.36% gain in the past quarter. The volatility ratio for the week is 26.93%, and the volatility levels for the past 30 days are at 19.80% for Assure Holdings Corp The simple moving average for the past 20 days is 11.51% for IONM’s stock, with a 75.77% simple moving average for the past 200 days.
IONM Trading at 40.84% 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 -83.31% of loss for the given period.
Volatility was left at 19.80%, however, over the last 30 days, the volatility rate increased by 26.93%, as shares surge +42.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +124.44% upper at present.
During the last 5 trading sessions, IONM rose by +58.18%, which changed the moving average for the period of 200-days by -18.12% in comparison to the 20-day moving average, which settled at $0.6345. In addition, Assure Holdings Corp saw 172.94% 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 -27.37 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 5.71. 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.
