The stock price of Aclarion Inc (NASDAQ: ACON) has dropped by -14.33 compared to previous close of 0.22. Despite this, the company has seen a gain of 3.76% in its stock price over the last five trading days. globenewswire.com reported 2024-10-10 that Fireside Chat Scheduled for 2:00 PM ET on October 15, 2024 BROOMFIELD, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) — Aclarion, Inc., (“Aclarion” or the “Company”) (Nasdaq: ACON, ACONW), a healthcare technology company that is leveraging biomarkers and proprietary augmented intelligence (AI) algorithms to help physicians identify the location of chronic low back pain, announced today that Aclarion’s CEO, Brent Ness, has been invited to present at the 2024 Maxim Healthcare Virtual Summit, presented by Maxim Group LLC, on Tuesday, October 15th, 2024, at 2:00 p.m.
Is It Worth Investing in Aclarion Inc (NASDAQ: ACON) Right Now?
The stock has a 36-month beta value of 0.42. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ACON is 9.53M, and at present, short sellers hold a 3.16% of that float. On October 28, 2024, the average trading volume of ACON was 562.95K shares.
ACON’s Market Performance
ACON’s stock has seen a 3.76% increase for the week, with a 5.48% rise in the past month and a -42.30% fall in the past quarter. The volatility ratio for the week is 18.43%, and the volatility levels for the past 30 days are at 8.03% for Aclarion Inc The simple moving average for the past 20 days is 1.41% for ACON’s stock, with a -67.68% simple moving average for the past 200 days.
ACON Trading at -3.94% 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 -97.64% of loss for the given period.
Volatility was left at 8.03%, however, over the last 30 days, the volatility rate increased by 18.43%, as shares surge +5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.63% lower at present.
During the last 5 trading sessions, ACON rose by +3.76%, which changed the moving average for the period of 200-days by -94.99% in comparison to the 20-day moving average, which settled at $0.1821. In addition, Aclarion Inc saw -94.23% 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:
- -87.11 for the present operating margin
- -2.97 for the gross margin
The net margin for Aclarion Inc stands at -109.38. The total capital return value is set at -2.86. Equity return is now at value -714.18, with -231.70 for asset returns.
Based on Aclarion Inc (ACON), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at -6.75. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is -4.59.
Currently, EBITDA for the company is -4.71 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 26.87. The receivables turnover for the company is 2.74for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To sum up, Aclarion Inc (ACON) 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.
