KORU Medical Systems Inc (NASDAQ: KRMD) on Tuesday, soared 9.52% from the previous trading day, before settling in for the closing price of $4.20. Within the past 52 weeks, KRMD’s price has moved between $2.01 and $4.60.
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Healthcare Sector giant saw their annual sales surged by 5.63% over the last five years. The company achieved an average annual earnings per share of 18.08%. With a float of $42.83 million, this company’s outstanding shares have now reached $45.84 million.
The firm has a total of 82 workers. Let’s measure their productivity. In terms of profitability, gross margin is 61.39%, operating margin of -22.05%, and the pretax margin is -20.4%.
KORU Medical Systems Inc (KRMD) Insider Activity
Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of KORU Medical Systems Inc is 6.56%, while institutional ownership is 50.72%.
KORU Medical Systems Inc (KRMD) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 18.08% per share during the next fiscal year.
KORU Medical Systems Inc (NASDAQ: KRMD) Trading Performance Indicators
KORU Medical Systems Inc (KRMD) is currently performing well based on its current performance indicators. A quick ratio of 2.37 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 6.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.26, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of KORU Medical Systems Inc (KRMD)
Analysing the last 5-days average volume posted by the [KORU Medical Systems Inc, KRMD], we can find that recorded value of 0.39 million was better than the volume posted last year of 0.21 million. As of the previous 9 days, the stock’s Stochastic %D was 65.36%. Additionally, its Average True Range was 0.25.
During the past 100 days, KORU Medical Systems Inc’s (KRMD) raw stochastic average was set at 83.93%, which indicates a significant increase from 63.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.72% in the past 14 days, which was lower than the 60.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.00, while its 200-day Moving Average is $2.85. Now, the first resistance to watch is $4.96. This is followed by the second major resistance level at $5.33. The third major resistance level sits at $5.60. If the price goes on to break the first support level at $4.32, it is likely to go to the next support level at $4.05. Should the price break the second support level, the third support level stands at $3.68.
KORU Medical Systems Inc (NASDAQ: KRMD) Key Stats
Market capitalization of the company is 210.86 million based on 45,837K outstanding shares. Right now, sales total 28,520 K and income totals -13,740 K. The company made 8,180 K in profit during its latest quarter, and -1,580 K in sales during its previous quarter.
