Are Analysts Expecting A Better 2020 For Asensus Surgical Inc (ASXC)?

Asensus Surgical Inc (ASXC) concluded trading on Wednesday at a closing price of $0.28, with 19.43 million shares of worth about $5.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.56% during that period and on April 3, 2024 the price saw a gain of about 33.55%. Currently the company’s common shares owned by public are about 271.99M shares, out of which, 266.52M shares are available for trading.

However, the stock later moved at a day high price of 0.2901, or with a gain of 33.55%. Stock saw a price change of 23.91% in past 5 days and over the past one month there was a price change of -8.03%. Year-to-date (YTD), ASXC shares are showing a performance of -10.63% which decreased to -56.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.20 but also hit the highest price of $0.86 during that period. The average intraday trading volume for Asensus Surgical Inc shares is 1.22 million. The stock is currently trading 6.12% above its 20-day simple moving average (SMA20), while that difference is up 1.77% for SMA50 and it goes to -9.25% lower than SMA200.

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Asensus Surgical Inc (AMEX: ASXC) currently have 271.99M outstanding shares and institutions hold larger chunk of about 9.87% of that.

The stock has a current market capitalization of $77.52M and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$0.32 in the same period. It has Quick Ratio of 2.31 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASXC, volatility over the week remained 7.98% while standing at 7.40% over the month.

Analysts are in expectations that Asensus Surgical Inc (ASXC) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.05 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 -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.33% while it is estimated to increase by 21.62% in next year.

Coverage by Cantor Fitzgerald stated Asensus Surgical Inc (ASXC) stock as an Overweight in their note to investors on September 08, 2022, suggesting a price target of $1.50 for the stock.

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