The stock price of Assure Holdings Corp (NASDAQ: IONM) has dropped by -16.12 compared to previous close of 0.31. Despite this, the company has seen a fall of -42.95% in its stock price over the last five trading days. investorplace.com reported 2024-06-13 that Assure (NASDAQ: IONM ) stock is taking a beating on Thursday after the intraoperative neuromonitoring surgical support services company terminated a merger agreement with Danam Health. Assure was planning to merge a subsidiary with Danam Health.
Is It Worth Investing in Assure Holdings Corp (NASDAQ: IONM) Right Now?
Additionally, the 36-month beta value for IONM is 1.72. 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.”
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The public float for IONM is 7.37M and currently, short sellers hold a 2.17% ratio of that float. The average trading volume of IONM on June 17, 2024 was 508.40K shares.
IONM’s Market Performance
IONM’s stock has seen a -42.95% decrease for the week, with a -41.64% drop in the past month and a -54.08% fall in the past quarter. The volatility ratio for the week is 14.18%, and the volatility levels for the past 30 days are at 17.00% for Assure Holdings Corp. The simple moving average for the past 20 days is -44.25% for IONM’s stock, with a -29.46% simple moving average for the past 200 days.
IONM Trading at -51.51% 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 -74.75% of loss for the given period.
Volatility was left at 17.00%, however, over the last 30 days, the volatility rate increased by 14.18%, as shares sank -45.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.63% lower at present.
During the last 5 trading sessions, IONM fell by -42.95%, which changed the moving average for the period of 200-days by -21.46% in comparison to the 20-day moving average, which settled at $0.4512. In addition, Assure Holdings Corp saw 1.02% 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:
- -13.61 for the present operating margin
- -2.04 for the gross margin
The net margin for Assure Holdings Corp stands at -15.67. The total capital return value is set at 1.21.
Based on Assure Holdings Corp (IONM), the company’s capital structure generated -3.81 points at debt to capital in total, while cash flow to debt ratio is standing at -0.39. The debt to equity ratio resting at -0.79. The interest coverage ratio of the stock is -16.28.
Currently, EBITDA for the company is -27.37 million with net debt to EBITDA at -0.66. When we switch over and look at the enterprise to sales, we see a ratio of 10.24. The receivables turnover for the company is 0.79for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In conclusion, Assure Holdings Corp (IONM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
