A share price of Asensus Surgical Inc [ASXC] is currently trading at $0.27, down -2.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASXC shares have gain 1.50% over the last week, with a monthly amount drifted -6.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Asensus Surgical Inc [AMEX: ASXC] stock has seen the most recent analyst activity on November 16, 2023, when Cantor Fitzgerald downgraded its rating to a Neutral. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 08, 2022, and set its price target to $1.50. On May 26, 2021, H.C. Wainwright initiated with a Buy rating and assigned a price target of $4 on the stock.
Asensus Surgical Inc experienced fluctuations in its stock price throughout the past year between $0.20 and $0.86. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Asensus Surgical Inc [AMEX: ASXC] shares were valued at $0.27 at the most recent close of the market. An investor can expect a potential return of 455.56% based on the average ASXC price forecast.
Analyzing the ASXC fundamentals
Trailing Twelve Months sales for Asensus Surgical Inc [AMEX:ASXC] were 8.58M which represents 120.41% growth. Gross Profit Margin for this corporation currently stands at -0.55% with Operating Profit Margin at -9.13%, Pretax Profit Margin comes in at -9.11%, and Net Profit Margin reading is -9.14%. To continue investigating profitability, this company’s Return on Assets is posted at -1.3, Equity is -1.41 and Total Capital is -1.63. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.2673 points at the first support level, and at 0.2637 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2773, and for the 2nd resistance point, it is at 0.2837.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Asensus Surgical Inc [AMEX:ASXC] is 2.88. On the other hand, the Quick Ratio is 2.31, and the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 8.59, the price to book ratio is 2.15.
Transactions by insiders
Recent insider trading involved Starling William N JR, Director, that happened on Dec 14 ’23 when 18134.0 shares were purchased. Director, Starling William N JR completed a deal on Dec 14 ’23 to sell 18134.0 shares.
