Trading Day Review: Assure Holdings Corp (IONM) Loses Momentum, Closing at 0.57

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The price of Assure Holdings Corp (NASDAQ: IONM) closed at $0.57 in the last session, down -18.10% from day before closing price of $0.70. In other words, the price has decreased by -$18.10 from its previous closing price. On the day, 1.1 million shares were traded. IONM stock price reached its highest trading level at $0.6 during the session, while it also had its lowest trading level at $0.38.

Ratios:

We take a closer look at IONM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.30.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IONM now has a Market Capitalization of 6264015 and an Enterprise Value of 18512662. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99. Its current Enterprise Value per Revenue stands at -4.512 whereas that against EBITDA is -0.922.

Stock Price History:

The Beta on a monthly basis for IONM is 1.56, which has changed by -0.8446866 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, IONM has reached a high of $4.17, while it has fallen to a 52-week low of $0.20. The 50-Day Moving Average of the stock is 13.57%, while the 200-Day Moving Average is calculated to be 44.23%.

Shares Statistics:

According to the various share statistics, IONM traded on average about 1.32M shares per day over the past 3-months and 474630 shares per day over the past 10 days. A total of 9.00M shares are outstanding, with a floating share count of 8.64M. Insiders hold about 4.03% of the company’s shares, while institutions hold 2.35% stake in the company. Shares short for IONM as of 1713139200 were 176219 with a Short Ratio of 0.13, compared to 1710460800 on 1040709. Therefore, it implies a Short% of Shares Outstanding of 176219 and a Short% of Float of 2.0299999.

Earnings Estimates

On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$28.62. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

Revenue Estimates

For the next quarter, 1 analysts are estimating revenue of $6M. There is a high estimate of $6M for the next quarter, whereas the lowest estimate is $6M.

A total of 1 analysts have provided revenue estimates for IONM’s current fiscal year. The highest revenue estimate was $22M, while the lowest revenue estimate was $22M, resulting in an average revenue estimate of $255k. In the same quarter a year ago, actual revenue was $10.98MBased on 1 analysts’ estimates, the company’s revenue will be $30.9M in the next fiscal year. The high estimate is $30.9M and the low estimate is $30.9M.

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