Neuronetics Inc (NASDAQ:STIM)’s traded shares stood at 0.37 million during the last session, with the company’s beta value hitting 2.26. At the close of trading, the stock’s price was $0.85, to imply an increase of 7.58% or $0.06 in intraday trading. The STIM share’s 52-week high remains $5.07, putting it -496.47% down since that peak but still an impressive 22.35% since price per share fell to its 52-week low of $0.66. The company has a valuation of $25.75M, with an average of 0.41 million shares in intraday trading volume over the past 10 days and average of 407.57K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Neuronetics Inc (STIM), translating to a mean rating of 1.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give STIM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.23.
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Neuronetics Inc (NASDAQ:STIM) trade information
After registering a 7.58% upside in the last session, Neuronetics Inc (STIM) has traded red over the past five days. The 5-day price performance for the stock is 13.32%, and 8.53% over 30 days. With these gigs, the year-to-date price performance is -70.69%. Short interest in Neuronetics Inc (NASDAQ:STIM) saw shorts transact 0.56 million shares and set a 1.4 days time to cover.
The extremes give us $8 and $8 for target low and target high price respectively. As such, STIM has been trading -841.18% off suggested target high and -841.18% from its likely low.
Neuronetics Inc (STIM) estimates and forecasts
Looking at statistics comparing Neuronetics Inc share performance against respective industry, we note that the company has outperformed competitors. Neuronetics Inc (STIM) shares are -79.17% down over the last 6 months, with its year-to-date growth rate higher than industry average at 17.14% against 13.70%. Revenue is forecast to grow 30.30% this quarter before jumping 63.20% for the next one. The rating firms project that company’s revenue will grow 9.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 19.13M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 24.9M.
STIM Dividends
Neuronetics Inc has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Neuronetics Inc (NASDAQ:STIM)’s Major holders
Neuronetics Inc insiders hold 7.63% of total outstanding shares, with institutional holders owning 54.35% of the shares at 58.84% float percentage. In total, 54.35% institutions holds shares in the company, led by ARCHON CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 2.47 million shares (or 8.3919% of shares), all amounting to roughly $4.45 million.
The next major institution holding the largest number of shares is CANNELL CAPITAL LLC with 2.38 million shares, or about 8.0799% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.29 million.
