In yesterday’s Wall Street session, Assure Holdings Corp. (NASDAQ:IONM) shares traded at $0.42, up 33.86% from the previous session.
1 analysts cover Assure Holdings Corp. (NASDAQ:IONM), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $0.31, this indicates a potential upside of 1190.32 percent. IONM stock price is now -48.18% away from the 50-day moving average and -90.58% away from the 200-day moving average. The market capitalization of the company currently stands at $5.28M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
In other news, Parsons Preston T, 10% Owner sold 2,500 shares of the company’s stock on Apr 11. The stock was sold for $7,579 at an average price of $3.03. Upon completion of the transaction, the 10% Owner now directly owns 175,025 shares in the company, valued at $73510.5. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 10, Director Burian Martin Andrew sold 2,609 shares of the business’s stock. A total of $7,410 was realized by selling the stock at an average price of $2.84. This leaves the insider owning 250 shares of the company worth $105.0. Insiders disposed of 637,829 shares of company stock worth roughly $0.27 million over the past 1 year. A total of 3.50% 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 EMPERY ASSET MANAGEMENT, LP during the first quarter worth $1,000. In total, there are 11 active investors with 12.90% ownership of the company’s stock.
On Friday morning Assure Holdings Corp. (NASDAQ: IONM) stock kicked off with the opening price of $0.3941. During the past 12 months, Assure Holdings Corp. has had a low of $0.25 and a high of $37.00. As of last week, the company has a debt-to-equity ratio of 10.92, a current ratio of 2.60, and a quick ratio of 2.60. The fifty day moving average price for IONM is $0.7899 and a two-hundred day moving average price translates $4.3383 for the stock.
The latest earnings results from Assure Holdings Corp. (NASDAQ: IONM) was released for Jun, 2023. According to the Medical Care Facilities Company, earnings per share came in at -$1.63, beating analysts’ expectations of -$1.87 by 0.24. This compares to -$7.32 EPS in the same period last year. The company reported revenue of $1.54 million for the quarter, compared to $1.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.2 percent. For the current quarter, analysts expect IONM to generate $6.46M in revenue.
Assure Holdings Corp.(IONM) Company Profile
Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services in the United States. It offers services in the areas of neurosurgery, spine, cardiovascular, orthopedic, ear, nose, throat, and other surgical procedures. The company 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. Assure Holdings Corp. is based in Englewood, Colorado.
