In the world of investing, the healthcare sector is often seen as a safe haven, and Assure Holdings Corp is no exception. Despite the company's negative book value of 2.28 and a net income loss of 34.2M from continuing operations, there are several factors that suggest Assure Holdings may outperform IMAC in the upcoming bull market. With a current ratio of 6.62X, Assure Holdings demonstrates a strong ability to cover its short-term liabilities, a key indicator of financial health. Furthermore, the company's enterprise value to revenue ratio of 1.8095 is relatively low, suggesting that the stock may be undervalued. The company's shares are also largely held by institutions, with 2.54% of shares owned by institutional investors, indicating a vote of confidence from the market. However, with a 200-day moving average of 0.3622 and a short percent of 0.0066, investors should proceed with caution. As of May 25, 2024, the company's total assets stood at 7.51M, with a total revenue of 255K. While the company's financials may seem daunting, the healthcare sector's resilience and Assure Holdings' potential undervaluation could make it a dark horse in the upcoming bull market. Many prudent traders are currently steering clear of the healthcare equipment and supplies sector. However, it's worth taking a closer look at Assure Holdings Corp to understand its position relative to IMAC Holdings and other comparable companies. Our focus will be on the competitive dynamics between Assure and IMAC.
Investment perspective, in general, refers to a viewpoint or opinion regarding investment opportunity in Assure Holdings. It encompasses the assessment of an investment's potential risks and rewards, and expectations for its
performance over time. Several factors influence the investment perspective on Assure Holdings, including investment goals, risk tolerance, time horizon, market conditions, and research and analysis. Investors have varying goals, such as capital preservation, income generation, or long-term growth. Risk tolerance plays a significant role in shaping an investor's perspective, with some being more risk-averse and others willing to take on higher risks for potential returns.
Watch out for price decline
Please consider monitoring Assure Holdings on a daily basis if you are holding a position in it. Assure Holdings is trading at a penny-stock level, and the possibility of delisting is much higher compared to other delisted stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion.
Most exchanges require public instruments, such as Assure Holdings stock to be traded above the $1 level to remain listed. If Assure Holdings stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Assure Holdings's Liquidity
Assure Holdings
financial leverage refers to using borrowed capital as a funding source to finance Assure Holdings Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Assure Holdings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Assure Holdings' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Assure Holdings' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Assure Holdings's total debt and its cash.
Breaking it down a bit more
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Let me now analyze Assure Holdings revenue. Based on the latest financial disclosure, Assure Holdings Corp reported 255
K of revenue.
This is 100.0% lower than that of the Health Care Equipment & Supplies sector and significantly higher than that of the
Health Care industry. The revenue for all United States stocks is 100.0% higher than that of Assure Holdings. As for IMAC Holdings we see revenue of 5.2
M, which is much higher than that of the Health Care
| IONM | 255,000 | 4.68 |
| Sector | 0.0 | 0.0 |
| BACK | 5.2 Million | 95.32 |
"Never put all your eggs in one basket," is a saying that rings true when considering the potential of Assure Holdings Corp (NASDAQ) in the upcoming bull market. Despite a challenging financial landscape, with a net income from continuing operations registering a loss of $34.2M and a high probability of bankruptcy at 96%, Assure Holdings has a few bright spots. The company's current ratio stands at a healthy 6.62X, indicating a strong ability to cover its short-term liabilities. However, with a negative operating income of $20.1M and a quarterly revenue growth of -0.7, it's clear that Assure Holdings is facing significant headwinds. While the company's potential upside is pegged at 22.92, investors should tread carefully and consider the overall risk profile before making a decision..
Anything left for Assure Holdings after the recent decline?
Assure Holdings Corp has recently seen a decline, indicated by a falling Treynor ratio of -29.23. This negative ratio often suggests a higher potential risk for investors. However, the stock market's inherent unpredictability means this downturn could potentially lead to a price increase. Despite the recent downturn, there may still be potential for Assure Holdings, but investors should monitor this stock closely. It's crucial to conduct comprehensive research and consider all market factors before investing. Assure Holdings Corp, a potential penny stock, has shown significant return volatility over the selected time period. While it may be a good investment, many penny stocks are speculative and subject to artificial price hype. Investors should be aware of signals like email spam, unreported promotions, sudden news releases, and message board hype. It's also advisable to check the biographies and work histories of current and past company officers before investing in high volatility instruments, penny stocks, or microcap equities. While it's possible to profit from Assure Holdings with perfect timing, remember that artificially hyped penny stocks usually can't maintain their increased share price for long. The only way to increase shareholder value is through solid fundamentals and legitimate performance.
Our Takeaway on Assure Holdings Investment
Although many other companies in the medical care facilities industry are either recovering or due for a correction, Assure Holdings may not be performing as strong as the other in terms of long-term growth potentials. The inconsistency in the assessment between current Assure valuation and our trade advice on Assure Holdings is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Assure Holdings.
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Nico Santiago is a PR Contributor to Macroaxis Editorial Board. Nico is a relatively new author here at Macroaxis and he likes to work on advertising and sponsored content and marketing for the company. Nico spends most of his time surfing when the weather is nice and he spends the rest of the year writing for various blogs and companies, as he works on his upcoming books, The Rise of the Financial Machines and Time Series Modelling with AI.
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