Set Your Sights On Acutus Medical Inc (NASDAQ: AFIB)’S Upside Potential

Acutus Medical Inc (AFIB) concluded trading on Wednesday at a closing price of $0.22, with 9.69 million shares of worth about $2.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -69.17% during that period and On Wednesday, January 24 the price saw a gain of about 30.59%. Currently the company’s common shares owned by public are about 28.55M shares, out of which, 18.66M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 30 times over the past 12 months. They bought 408,120 shares in 15 of the transactions. In 15 selling transactions, insiders dumped 61,510 shares.

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However, the stock later moved at a day high price of 0.2410, or with a gain of 30.59%. Stock saw a price change of 23.33% in past 5 days and over the past one month there was a price change of 18.97%. Year-to-date (YTD), AFIB shares are showing a performance of 9.96% which decreased to -87.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.16 but also hit the highest price of $1.96 during that period. The average intraday trading volume for Acutus Medical Inc shares is 639.50K. The stock is currently trading 17.94% above its 20-day simple moving average (SMA20), while that difference is up 5.28% for SMA50 and it goes to -62.58% lower than SMA200.

Acutus Medical Inc (NASDAQ: AFIB) currently have 28.55M outstanding shares and institutions hold larger chunk of about 11.19% of that.

The stock has a current market capitalization of $6.50M and its 3Y-monthly beta is at 0.15. It has posted earnings per share of -$1.25 in the same period. It has Quick Ratio of 3.85 while making debt-to-equity ratio of 1.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AFIB, volatility over the week remained 19.81% while standing at 12.63% over the month.

Analysts are in expectations that Acutus Medical Inc (AFIB) stock would likely to be making an EPS of -$0.62 in the current quarter, while forecast for next quarter EPS is -$0.57 and it is -$2.19 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.62 which is -$0.62 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 $0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 27.06% while it is estimated to increase by 34.60% in next year.

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