CapFinancial Partners LLC recently announced the acquisition of new stake in Aclarion Inc (NASDAQ:ACON). The institutional investor has increased its shareholding in the Healthcare company by 21.50% to 0.43 million shares with purchase of 75676.0 shares. This fresh investment now brings its stake to 4.86% valued currently at $0.12 million. In addition, Geode Capital Management LLC raised its holdings by 31316.0 to 31316.0 shares.
Currently, there are 7.86M common shares owned by the public and among those 5.31M shares have been available to trade.
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Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 40,904 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Extended Market Index Fu owns 31316.0 shares of the company’s stock, all valued at over $8455.0.
The company’s stock has a 5-day price change of 26.36% and -32.56% over the past three months. ACON shares are trading -50.00% year to date (YTD), with the 12-month market performance down to -52.45% lower. It has a 12-month low price of $0.21 and touched a high of $2.37 over the same period. ACON has an average intraday trading volume of 182.10K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.18%, -13.65%, and -51.27% respectively.
Institutional ownership of Aclarion Inc (NASDAQ: ACON) shares accounts for 6.55% of the company’s 7.86M shares outstanding. Mutual fund holders own 16.71%, while other institutional holders and individual stakeholders account for 5.76% and 0.38% respectively.
It has a market capitalization of $2.39M and a beta (3y monthly) value of 1.09. The earnings-per-share (ttm) stands at -$0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 18.35% over the week and 14.23% over the month.
Analysts forecast that Aclarion Inc (ACON) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.49 a year ago.
