In the last trading session, 10.33 million Neuronetics Inc (NASDAQ:STIM) shares changed hands as the company’s beta touched 2.08. With the company’s per share price at $2.34 changed hands at $0.63 or 36.84% during last session, the market valuation stood at $75.04M. STIM’s last price was a discount, traded about -116.67% off its 52-week high of $5.07. The share price had its 52-week low at $0.52, which suggests the last value was 77.78% up since then. When we look at Neuronetics Inc’s average trading volume, we note the 10-day average is 0.29 million shares, with the 3-month average coming to 422.12K.
Analysts gave the Neuronetics Inc (STIM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended STIM as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
Neuronetics Inc (NASDAQ:STIM) trade information
Instantly STIM was in green as seen at the end of in last trading. With action 57.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 45.34%, with the 5-day performance at 57.05% in the green. However, in the 30-day time frame, Neuronetics Inc (NASDAQ:STIM) is 105.26% up. Looking at the short shares, we see there were 0.74 million shares sold at short interest cover period of 4.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 70.75% from its current market value. According to analyst projections, STIM’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -241.88% plunge from its current level, while the stock would need to soar -241.88% for it to hit the projected low.
Neuronetics Inc (STIM) estimates and forecasts
Data shows that the Neuronetics Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.13% over the past 6 months, a -21.90% in annual growth rate that is considerably lower than the industry average of 14.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 17.12%. The 2025 estimates are for Neuronetics Inc earnings to decrease by -20.96%.
STIM Dividends
Neuronetics Inc is expected to release its next quarterly earnings report in February.
Neuronetics Inc (NASDAQ:STIM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.10% of Neuronetics Inc shares while 53.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.98%. There are 53.32% institutions holding the Neuronetics Inc stock share, with ARCHON CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 8.3919% of the shares, roughly 2.47 million STIM shares worth $4.45 million.
CANNELL CAPITAL LLC holds the second largest percentage of outstanding shares, with 8.0799% or 2.38 million shares worth $4.29 million as of 2024-06-30.
