CapFinancial Partners LLC has recently announced that it has increased stake in Aclarion Inc (NASDAQ:ACON) by 21.50%. After grabbing 0.43 million shares, the institutional investor is now in possession of 75676.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 4.86% having worth around $0.12 million. Moreover, Geode Capital Management LLC increased its share by 31316.0 to have a control over 31316.0 shares. And Ahrens Investment Partners LLC raised its holdings to 1000.0 shares by acquiring 1000.0 shares or 0.01% of the stake.
Aclarion Inc (ACON) concluded trading on 01/03/24 at a closing price of $0.21, with 6.85 million shares of worth about $1.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -70.79% during that period and on Wednesday the price saw a gain of about 0.77%. Currently the company’s common shares owned by public are about 7.86M shares, out of which, 5.77M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
The company recently came buying 0.0 shares which brought its stake up to 0.36% of the company’s outstanding shares.
Aclarion Inc (NASDAQ: ACON) started trading at $3.2544, above $3.04 from concluding price of the previous day. However, the stock later moved at a day high price of 0.2274, or with a gain of 0.77%. Stock saw a price change of -5.47% in past 5 days and over the past one month there was a price change of -22.59%. Year-to-date (YTD), ACON shares are showing a performance of 4.50% which decreased to -63.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.18 but also hit the highest price of $2.37 during that period. The average intraday trading volume for Aclarion Inc shares is 1.28 million. The stock is currently trading -13.34% below its 20-day simple moving average (SMA20), while that difference is down -28.46% for SMA50 and it goes to -63.69% lower than SMA200.
CapFinancial Partners LLC acquired 0.43 million shares of Aclarion Inc having value of about $0.12 million. Data submitted at the U.S SEC by CapFinancial Partners LLC revealed that the firm now holds 75676.0 shares in the company valued at close to $15891.96, or have control over 21.50% stake in the company. Aclarion Inc (NASDAQ: ACON) currently have 7.86M outstanding shares and institutions hold larger chunk of about 6.55% of that. Holding of mutual funds in the company is about 16.71% while other institutional holders and individual stake holders have control over 5.76% and 0.38% of the stake respectively.
The stock has a current market capitalization of $1.72M and its 3Y-monthly beta is at 0.96. It has posted earnings per share of -$0.54 in the same period. It has Quick Ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACON, volatility over the week remained 15.28% while standing at 18.11% over the month.
Analysts are in expectations that Aclarion Inc (ACON) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.49 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Aclarion Inc (ACON)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
