| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 1.1M | 4.1M | 3.7M | 3.8M | Cost Of Revenue | 14.3M | 15.2M | 2.4M | 2.3M |
Is Assure Holdings (USA Stocks:IONM) roll up real given recent volatility?
 | By Gabriel Shpitalnik | Macroaxis Story |
In the world of finance, volatility is the name of the game. Assure Holdings Corp (IONM), a key player in the Healthcare sector and specifically in the Medical Care Facilities industry, has been showing signs of potential market correction. The company's stock, currently traded on NASDAQ, has a Day Median Price of $0.51 and a Day Typical Price of $0.52, indicating a high level of volatility. The Period Momentum Indicator stands at 0.02, while the Daily Balance Of Power is at 0.3333, both suggesting a possible shift in the market dynamics. The company's Valuation Real Value is $1.38, significantly higher than its current Market Value of $0.53, hinting at an undervaluation. However, the Posible Downside Price is only $0.0053, indicating a limited risk of loss. On the other hand, the Posible Upside Price is a whopping $11.91, suggesting a substantial potential for gain. The Analyst Overall Consensus for IONM is a 'Strong Buy', with one analyst giving a 'Strong Buy' recommendation. The Analyst Target Price Estimated Value is $4, with the highest and lowest estimated target prices being $4.44 and $3.64 respectively. The Naive Expected Forecast Value is $0.56, indicating a positive outlook. However, investors should be aware of the company's fiscal year-end in December, which could bring about changes in the stock's performance. Assure Holdings Corp is considered riskier than most equities, with many traded instruments projected to yield higher returns over a 90-day investment horizon. While adventurous traders show interest in the healthcare equipment and supplies sector, it's crucial to understand the risks of shorting Assure Holdings Corp, especially given its recent volatility spike. This year could present a different scenario for Assure Holdings shareholders.
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Reviewed by Rifka Kats
Assure Holdings Corp currently has liabilities of 14.8 million, with a Debt to Equity (D/E) ratio of 0.64, which is typical for similar companies. The company's current ratio of 6.49 suggests sufficient liquidity to meet its financial obligations. When considering Assure Holdings' debt, it's important to also consider its cash and equity positions. The company scores 9 out of 100 in performance. It has a Beta (market volatility) of -1.27, indicating a higher risk relative to the market. As market returns increase, returns on Assure Holdings are expected to decrease more significantly. However, during market downturns, Assure Holdings is expected to outperform. Use Assure Holdings' value at risk, along with the relationship between skewness and day median price, to analyze future returns.
Major Takeaways
With a Coefficient of Variation of 896.6 and a high Mean Deviation of 7.85, Assure Holdings Corp (IONM) demonstrates a significant level of volatility, suggesting a potential for immediate market correction. The stock's high Downside Deviation of 10.8 further indicates substantial risk, which investors must carefully consider.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
The firm reported the previous year's revenue of 255 K. Net Loss for the year was (21.45 M) with profit before overhead, payroll, taxes, and interest of 14.87 M.
As the legendary investor Warren Buffet once said, "Risk comes from not knowing what you're doing." Assure Holdings Corp (IONM) is currently demonstrating a high level of volatility, with a standard deviation of 11.01 and a downside deviation of 10.8.This suggests that the stock is poised for a significant market correction. The company's high probability of bankruptcy at 96% and a total debt of $14.8M further underscore the financial risks. However, with a potential upside of 23.53 and a current ratio of 6.62X, there may be room for growth if the company can navigate its financial challenges effectively..
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Assure Holdings Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.