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Wednesday, December 6, 2023

Taking On Challenges And Growing? – Asensus Surgical Inc (ASXC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Asensus Surgical Inc (ASXC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 3.34%, to $0.24. The Asensus Surgical Inc has recorded 5,314 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Asensus Surgical, Inc. Reports Operating and Financial Results for the Third Quarter 2023.

Stocks Info

This AMEX-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $0.23 and fluctuated between $0.2374 as its day high and $0.2251 as its day low. The current market capitalization of Asensus Surgical Inc is $60.85M. A total of 0.96 million shares were traded on the day, compared to an average of 2.37M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ASXC 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 6 BUYs and 3 SELLs from insiders. Insiders purchased 1,855,257 shares during that period but sold 652,699.

In the most recent transaction, Biffi Andrea bought 293,077 shares of ASXC for 0.71 per share on Mar 03. After the transaction, the Director now owns 492,815 company shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ASXC in the last 3 months, the mean price target is $2.00 with high estimates of $2.00 and low estimates of $2.00. In terms of 52-week highs and lows, ASXC has a high of $1.18 and a low of $0.20.

As of this writing, ASXC has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.08. The company reported an EPS of -$0.09 in the last quarter, which was -12.50% lower than expectations of -$0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ASXC’s latest balance sheet shows that the firm has $98.39M in Cash & Short Term Investments as of fiscal 2021. There were $5.69M in debt and $9.85M in liabilities at the time. Its Book Value Per Share was $0.18, while its Total Shareholder’s Equity was $169.25M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 ASXC is Buy with a score of 4.00.

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