In today’s recent session, 3.15 million shares of the Aclarion Inc (NASDAQ:ACON) have been traded, and its beta is 0.42. Most recently the company’s share price was $0.12, and it changed around -$0.06 or -30.67% from the last close, which brings the market valuation of the company to $1.30M. ACON at last check was trading at a discount to its 52-week high of $7.40, offering almost -6066.67% off that amount. The share price’s 52-week low was $0.16, which indicates that the recent value has fallen by an impressive -33.33% since then. We note from Aclarion Inc’s average daily trading volume that its 10-day average is 0.94 million shares, with the 3-month average coming to 504.33K.
Aclarion Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended ACON as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Aclarion Inc is expected to report earnings per share of -0.15 for the current quarter.
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Aclarion Inc (NASDAQ:ACON) trade information
Instantly ACON has been showing red trend so far today with a performance of -30.67% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2040 on recent trading dayincreased the stock’s daily price by 41.18%. The company’s shares are currently down -96.10% year-to-date, but still down -30.55% over the last five days. On the other hand, Aclarion Inc (NASDAQ:ACON) is -32.21% down in the 30-day period. We can see from the shorts that 0.43 million shares have been sold at a short interest cover period of 0.77 day(s).
Aclarion Inc (ACON) estimates and forecasts
Aclarion Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -58.70 percent over the past six months and at a 90.25% annual growth rate that is well above the industry average of 7.30%. The year-over-year growth rate is expected to be -20.42%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 20k in revenue for the current quarter. 2 analysts expect Aclarion Inc to make 30k in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 196.74%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.93%.
ACON Dividends
Aclarion Inc’s next quarterly earnings report is expected to be released in January.
Aclarion Inc (NASDAQ:ACON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.77% of Aclarion Inc shares, and 3.57% of them are in the hands of institutional investors. The stock currently has a share float of 3.96%. Aclarion Inc stock is held by 10.0 institutions, with CAPTRUST FINANCIAL ADVISORS being the largest institutional investor. By 2024-06-30, it held 3.0138% of the shares, which is about 0.16 million shares worth $46896.0.
