Assure Holdings Corp. (NASDAQ:IONM) shares traded -0.60% lower at $0.43 on Wall Street last session.
IONM stock price is now -32.86% away from the 50-day moving average and -83.04% away from the 200-day moving average. The market capitalization of the company currently stands at $8.20M.
In other news, Farlinger John, CEO bought 70,615 shares of the company’s stock on Nov 18. The stock was bought for $42,369 at an average price of $0.60. Upon completion of the transaction, the CEO now directly owns 220,847 shares in the company, valued at $94964.21. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, CFO Price John C bought 67,713 shares of the business’s stock. A total of $40,628 was incurred on buying the stock at an average price of $0.60. This leaves the insider owning 81,413 shares of the company worth $35007.59. Insiders disposed of 812,499 shares of company stock worth roughly $0.35 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IONM stock. A new stake in Assure Holdings Corp. shares was purchased by SABBY MANAGEMENT, LLC during the first quarter worth $333,000. WALLEYE CAPITAL LLC invested $112,000 in shares of IONM during the first quarter. In the first quarter, EMPERY ASSET MANAGEMENT, LP acquired a new stake in Assure Holdings Corp. valued at approximately $24,000. TWO SIGMA SECURITIES, LLC acquired a new stake in IONM for approximately $15,000. VANGUARD GROUP INC purchased a new stake in IONM valued at around $12,000 in the second quarter. In total, there are 10 active investors with 12.60% ownership of the company’s stock.
Assure Holdings Corp. (NASDAQ: IONM) opened at $0.4400 on Wednesday. During the past 12 months, Assure Holdings Corp. has had a low of $0.42 and a high of $8.15. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 8.70, and a quick ratio of 8.70. The fifty day moving average price for IONM is $0.6406 and a two-hundred day moving average price translates $2.5241 for the stock.
The latest earnings results from Assure Holdings Corp. (NASDAQ: IONM) was released for Jun, 2022. According to the Medical Care Facilities Company, earnings per share came in at -$0.37, missing analysts’ expectations of -$0.23 by -0.14. This compares to $0.01 EPS in the same period last year. The company reported revenue of $6.2 million for the quarter, compared to $8.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.4 percent. For the current quarter, analysts expect IONM to generate $7.33M in revenue.
Assure Holdings Corp.(IONM) Company Profile
Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. It delivers various clinical and operational services, including scheduling of the interoperative neurophysiologist and supervising practitioner, real time monitoring, patient advocacy, and billing services to support surgeons and medical facilities during invasive procedures. The company has operations in Arizona, Colorado, Kansas, Louisiana, Michigan, Missouri, Nebraska, Nevada, Pennsylvania, South Carolina, Texas, and Utah, the United States. Assure Holdings Corp. is based in Englewood, Colorado.