Neuronetics Inc (NASDAQ: STIM)’s stock price has plunge by -9.24relation to previous closing price of 1.19. Nevertheless, the company has seen a 4.85% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-29 that MALVERN, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, announced that it plans to release third quarter 2024 financial and operating results prior to market open on Tuesday, November 12, 2024. The Company will host a conference call to review its results at 8:30 a.m. Eastern Time the same day.
Is It Worth Investing in Neuronetics Inc (NASDAQ: STIM) Right Now?
STIM has 36-month beta value of 2.31. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for STIM is 27.98M, and currently, short sellers hold a 2.54% ratio of that float. The average trading volume of STIM on November 08, 2024 was 430.94K shares.
STIM’s Market Performance
STIM’s stock has seen a 4.85% increase for the week, with a 17.39% rise in the past month and a -39.33% fall in the past quarter. The volatility ratio for the week is 9.74%, and the volatility levels for the past 30 days are at 7.18% for Neuronetics Inc The simple moving average for the past 20 days is 7.78% for STIM’s stock, with a -52.78% simple moving average for the past 200 days.
STIM Trading at 20.74% from the 50-Day Moving Average
After a stumble in the market that brought STIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.70% of loss for the given period.
Volatility was left at 7.18%, however, over the last 30 days, the volatility rate increased by 9.74%, as shares surge +25.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.98% upper at present.
During the last 5 trading sessions, STIM rose by +4.85%, which changed the moving average for the period of 200-days by -68.70% in comparison to the 20-day moving average, which settled at $1.0020. In addition, Neuronetics Inc saw -62.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at STIM starting from Furlong Stephen, who sale 1,368 shares at the price of $0.82 back on Oct 08 ’24. After this action, Furlong Stephen now owns 497,408 shares of Neuronetics Inc, valued at $1,122 using the latest closing price.
MACAN WILLIAM ANDREW, the EVP, GC, CCO and CS of Neuronetics Inc, sale 1,541 shares at $0.82 during a trade that took place back on Oct 08 ’24, which means that MACAN WILLIAM ANDREW is holding 402,792 shares at $1,264 based on the most recent closing price.
Stock Fundamentals for STIM
Current profitability levels for the company are sitting at:
- -0.4 for the present operating margin
- 0.71 for the gross margin
The net margin for Neuronetics Inc stands at -0.45. The total capital return value is set at -0.42. Equity return is now at value -100.13, with -32.93 for asset returns.
Based on Neuronetics Inc (STIM), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at -0.41. The debt to equity ratio resting at 3.13. The interest coverage ratio of the stock is -4.2.
Currently, EBITDA for the company is -28.55 million with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 3.69for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
To put it simply, Neuronetics Inc (STIM) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
