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Saturday, December 9, 2023

Make Sure You Stick With Assure Holdings Corp (IONM). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Assure Holdings Corp (IONM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.021, or -7.29%, to $0.2671. The Assure Holdings Corp has recorded 42,340 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Assure Holdings Granted Extension by Nasdaq to Regain Compliance with the Stockholders’ Equity Continued Listing Requirement.

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Stocks Info

Assure Holdings Corp is listed on the NASDAQ in the Healthcare sector while operating in the Medical Care Facilities industry. At the end of the last regular session, the stock closed at $0.29 and fluctuated between $0.3000 as its day high and $0.2377 as its day low. The current market capitalization of Assure Holdings Corp is $1.56M. A total of 1.12 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, IONM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 32 SELLs from insiders. Insiders purchased 276,656 shares during that period but sold 606,829.

In the most recent transaction, Parsons Preston T sold 2,500 shares of IONM for 3.03 per share on Apr 11. After the transaction, the 10% Owner now owns 175,025 company shares. In a previous transaction on Apr 10, Burian Martin Andrew sold 2,609 shares at 2.84 per share. IONM shares that Director owns now total 250.

Among the insiders who sold shares, Burian Martin Andrew disposed of 500 shares on Apr 06 at a per-share price of $3.31. This resulted in the Director holding 2,859 shares of IONM after the transaction. In another insider transaction, Parsons Preston T sold 6,600 shares at $4.85 per share on Apr 04. Company shares held by the 10% Owner now total 177,525.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for IONM in the last 3 months, the mean price target is $4.00 with high estimates of $4.00 and low estimates of $4.00. In terms of 52-week highs and lows, IONM has a high of $14.60 and a low of $0.20.

As of this writing, IONM has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.15. The company reported an EPS of -$4.09 in the last quarter, which was -64.30% lower than expectations of -$2.49.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. IONM’s latest balance sheet shows that the firm has $4.02M in Cash & Short Term Investments as of fiscal 2021. There were $15.87M in debt and $3.72M in liabilities at the time. Its Book Value Per Share was $0.24, while its Total Shareholder’s Equity was $28.96M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IONM is Buy with a score of 5.00.

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