Asensus Surgical Inc. (AMEX: ASXC) on June 22, 2022, started off the session at the price of $0.38, soaring 16.56% from the previous trading day. During the day, the shares moved up to $0.44 and dropped to $0.38 before settling in for the closing price of $0.38. Within the past 52 weeks, ASXC’s price has moved between $0.35 and $3.60.
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Annual sales at Healthcare sector company grew by 40.20% over the past five years. The company achieved an average annual earnings per share of 67.50%. With a float of $234.02 million, this company’s outstanding shares have now reached $235.89 million.
Let’s look at the performance matrix of the company that is accounted for 153 employees. In terms of profitability, gross margin is -171.50, operating margin of -803.98, and the pretax margin is -756.04.
Asensus Surgical Inc. (ASXC) Insider Updates
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Asensus Surgical Inc. is 0.70%, while institutional ownership is 27.00%. The most recent insider transaction that took place on Jun 13, was worth 10,804. In this transaction Director of this company sold 27,010 shares at a rate of $0.40, taking the stock ownership to the 13,846 shares. Before that another transaction happened on Mar 15, when Company’s Director bought 18,000 for $0.53, making the entire transaction worth $9,558. This insider now owns 72,201 shares in total.
Asensus Surgical Inc. (ASXC) Performance Highlights and Predictions
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.08 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.08) by $0. This company achieved a net margin of -758.77 while generating a return on equity of -54.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 67.50% per share during the next fiscal year.
Asensus Surgical Inc. (AMEX: ASXC) Trading Performance Indicators
Asensus Surgical Inc. (ASXC) is currently performing well based on its current performance indicators. A quick ratio of 12.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.27, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of Asensus Surgical Inc. (ASXC)
Asensus Surgical Inc. (AMEX: ASXC) saw its 5-day average volume 4.32 million, a positive change from its year-to-date volume of 2.89 million. As of the previous 9 days, the stock’s Stochastic %D was 29.52%. Additionally, its Average True Range was 0.04.
During the past 100 days, Asensus Surgical Inc.’s (ASXC) raw stochastic average was set at 15.52%, which indicates a significant decrease from 59.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.70% in the past 14 days, which was higher than the 91.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4335, while its 200-day Moving Average is $1.0337. Nevertheless, the first resistance level for the watch stands at $0.4600 in the near term. At $0.4800, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5200. If the price goes on to break the first support level at $0.4000, it is likely to go to the next support level at $0.3600. Assuming the price breaks the second support level, the third support level stands at $0.3400.
Asensus Surgical Inc. (AMEX: ASXC) Key Stats
Market capitalization of the company is 106.91 million based on 236,461K outstanding shares. Right now, sales total 8,230 K and income totals -62,460 K. The company made 1,070 K in profit during its latest quarter, and -19,130 K in sales during its previous quarter.