During the last session, Stereotaxis Inc (AMEX:STXS)’s traded shares were 0.57 million, with the beta value of the company hitting 1.55. At the end of the trading day, the stock’s price was $2.34, reflecting an intraday gain of 6.85% or $0.15. The 52-week high for the STXS share is $3.29, that puts it down -40.6 from that peak though still a striking 30.34% gain since the share price plummeted to a 52-week low of $1.63. The company’s market capitalization is $198.27M, and the average intraday trading volume over the past 10 days was 0.4 million shares, and the average trade volume was 296.49K shares over the past three months.
Stereotaxis Inc (STXS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. STXS has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Stereotaxis Inc (AMEX:STXS) trade information
Stereotaxis Inc (STXS) registered a 6.85% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.85% in intraday trading to $2.34, hitting a weekly high. The stock’s 5-day price performance is 5.88%, and it has moved by 6.36% in 30 days. Based on these gigs, the overall price performance for the year is 34.48%. The short interest in Stereotaxis Inc (AMEX:STXS) is 2.54 million shares and it means that shorts have 6.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 61.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, STXS is trading at a discount of -156.41% off the target high and -156.41% off the low.
Stereotaxis Inc (STXS) estimates and forecasts
Statistics show that Stereotaxis Inc has underperformed its competitors in share price, compared to the industry in which it operates. Stereotaxis Inc (STXS) shares have gone up 25.81% during the last six months, with a year-to-date growth rate less than the industry average at 3.70% against 16.70. In the rating firms’ projections, revenue will increase 1.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.42M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 7.67M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.57M and 6.88M respectively. In this case, analysts expect current quarter sales to grow by 40.74% and then jump by 11.43% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -60.95%. While earnings are projected to return 0.93% in 2024.
STXS Dividends
Stereotaxis Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Stereotaxis Inc (AMEX:STXS)’s Major holders
Stereotaxis Inc insiders own 15.64% of total outstanding shares while institutional holders control 48.51%, with the float percentage being 57.50%. DAFNA CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 111.0 institutions own stock in it. As of 2024-06-30, the company held over 13.68 million shares (or 16.3885% of all shares), a total value of $24.9 million in shares.
The next largest institutional holding, with 3.95 million shares, is of LAGODA INVESTMENT MANAGEMENT, L.P.’s that is approximately 4.7306% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.19 million.
