Assure Holdings Corp (IONM) presents a challenging investment scenario, as it has a negative total stockholder equity of $15.3M and a negative return on assets of 0.79. This indicates that the company is currently not generating enough profit to cover its costs, which is a significant concern for potential investors. However, the company has a gross profit of $14.87M, which suggests that it is capable of generating substantial revenue. Therefore, while the company's financial health is currently strained, its ability to generate profit indicates potential for future growth. Investors should closely monitor this stock and consider the risk associated with its current financial situation.
Major Takeaways
Assure Holdings Corp has shown significant volatility over the past three months. The company's Sharpe Ratio, a measure of risk-adjusted performance, stands at 0.0944, indicating a 0.0944% return per unit of risk during this period. Our analysis incorporates twenty-nine different technical indicators to assess whether the expected returns of 1.07% are commensurate with the associated risk. Key metrics to consider include Assure Holdings' Risk Adjusted Performance of 0.0718, a downside deviation of 10.8, and a Mean Deviation of 8.0. These figures help evaluate the company-specific risk that cannot be diversified away.To perform a cash flow analysis of Assure Holdings, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Assure Holdings is receiving and how much cash it distributes out in a given period. The Assure Holdings cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
The recent price roll up of Assure Holdings Corp may raise some interest from investors. The stock closed today at a share price of
0.45 on very low momentum in trading volume. The company executives may have good odds in positioning the firm resources to exploit market volatility in
July. The stock standard deviation of daily returns for 90 days investing horizon is currently 11.28. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Assure Holdings partners.
Please be aware that individual investors typically purchase shares for their personal accounts and usually in smaller quantities compared to institutional investors. While they might influence Assure Holdings' decisions if they own a significant combined portion of its shares, such influence is relatively rare. Conversely, institutional investors - like mutual funds, pension funds, hedge funds, and other investment companies - often have a substantial sway over Assure Holdings' decisions due to their larger holdings.
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Assure Holdings has an asset utilization ratio of 3.39 percent. This suggests that the Company is making $0.0339 for each dollar of assets. An increasing asset utilization means that Assure Holdings Corp is more efficient with each dollar of assets it utilizes for everyday operations.
| | | Total Current Assets11.8 M | Net Tangible Assets25.2 M | |
| Non Current Assets Total | 751,450 | 1.95 |
| Non Currrent Assets Other | (2.7 Million) | -7.01 |
| Other Current Assets | 3.15 Million | 8.18 |
| Total Current Assets | 11.79 Million | 30.62 |
| Net Tangible Assets | 25.19 Million | 65.4 |
| Intangible Assets | 333,450 | 0.87 |
"Buy low, sell high" is an age-old adage in the investment world, but discerning which stocks truly embody this principle requires a keen understanding of a company's fundamentals. Assure Holdings Corp (IONM), despite its day typical price of $0.47 and a rather high total operating expense of $15.4M, shows promise in its robust fundamental indicators. Notably, the company has a net working capital deficit of $15.5M and a net income loss of $21.4M, which might raise concerns. However, it's important to consider the company's positive change in working capital of $16.7M, which suggests an improvement in the company's short-term liquidity and operational efficiency. Coupled with the fact that 16.66% of the shares are owned by insiders, which typically indicates confidence in the company's prospects, Assure Holdings Corp presents a potentially promising investment opportunity.
Will Assure Holdings continue to go nuts?
Assure Holdings Corp has displayed impressive market performance, but a recent drop in downside deviation to 10.8 suggests decreasing volatility. This might indicate a reduced risk of potential losses, appealing to risk-averse investors. However, it could also signal a slowing in the stock's rapid growth. Therefore, investors should monitor these risk metrics to assess the stock's future trajectory. Despite being a potential penny stock, Assure Holdings may be a good investment. However, as many penny stocks are speculative and prone to artificial price hype, investors must fully understand the associated risks. Look for red flags such as email spams, message board hypes, sudden news releases, unreported promotions, or demotions before SEC filings.
Also, review the biographies and work history of company officers before investing. Profits can be made from Assure if you time your entry and exit correctly. However, artificially hyped penny stocks often fail to maintain their increased share price for long. Legitimate performance and solid fundamentals are the only ways to increase shareholder value.In conclusion, Assure Holdings Corp (IONM) presents a compelling investment opportunity in 2024. With an analyst overall consensus of a
Strong Buy, the company has a potential upside price of
$11.71, significantly higher than the current valuation market value of $0.45. The analyst target price estimated value stands at $4, with the highest estimated target price reaching $4.44. However, investors should also consider the possible downside price of $0.0045. The fiscal year-end in December could be a make or break moment for Assure Holdings, potentially leading to a significant revaluation of the company's stock..
Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile 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 Ellen Johnson do not own shares of Assure Holdings Corp. Please refer to our
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