Assure Holdings Corp (NASDAQ: IONM) stock fell -6.80% on Friday to $0.29 against a previous-day closing price of $0.31. With 9.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.44 million shares. During the session, the Medical Care Facilities company that operates in wider Healthcare sector, reached to the highest price of $0.5500 whereas the lowest price it dropped to was $0.2660. The 52-week range on IONM shows that it touched its highest point at $10.33 and its lowest point at $0.20 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 1.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IONM was up-trending over the past week, with a rise of 6.25%, but this was up by 15.60% over a month. Three-month performance dropped to -32.79% while six-month performance fell -71.94%. The stock lost -97.20% in the past year, while it has lost -94.45% so far this year.
Float and Shares Shorts:
At present, 5.42 million IONM shares are outstanding with a float of 5.23 million shares on hand for trading. On Oct 30, 2023, short shares totaled 94550.0, which was 1.41% higher than short shares on Sep 28, 2023. In addition to Mr. John Allen Farlinger C.A. as the firm’s Executive Chairman & CEO, Mr. John Price serves as its CFO & Corporate Secretary.
Institutional Ownership:
Through their ownership of 4.88% of IONM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.73% of IONM, in contrast to 0.99% held by mutual funds. Shares owned by individuals account for 0.43%. As the largest shareholder in IONM with 0.48% of the stake, OMERS Administration Corp. holds 32,300 shares worth 32,300. A second-largest stockholder of IONM, Geode Capital Management LLC, holds 28,803 shares, controlling over 0.43% of the firm’s shares. UBS Securities LLC is the third largest shareholder in IONM, holding 14,592 shares or 0.22% stake. With a 0.43% stake in IONM, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 28,803 shares are owned by the mutual fund manager.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IONM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IONM analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, IONM could surge 1279.31% to reach the target high and rise by 1279.31% to reach the target low. Reaching the average price target will result in a growth of 1279.31% from current levels.
Summary of Insider Activity:
Insiders traded IONM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 0 while 606,829 shares were sold.
