Neuronetics Inc (NASDAQ:STIM) has a beta value of 2.12 and has seen 0.89 million shares traded in the recent trading session. The company, currently valued at $97.46M, closed the recent trade at $3.04 per share which meant it gained $0.5 on the day or 19.64% during that session. The STIM stock price is -66.78% off its 52-week high price of $5.07 and 82.89% above the 52-week low of $0.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.63 million shares traded. The 3-month trading volume is 666.56K shares.
The consensus among analysts is that Neuronetics Inc (STIM) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.24.
Neuronetics Inc (NASDAQ:STIM) trade information
Sporting 19.64% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the STIM stock price touched $3.04 or saw a rise of 2.56%. Year-to-date, Neuronetics Inc shares have moved 88.75%, while the 5-day performance has seen it change 35.67%. Over the past 30 days, the shares of Neuronetics Inc (NASDAQ:STIM) have changed 108.14%. Short interest in the company has seen 0.74 million shares shorted with days to cover at 4.05.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 62.0% from the levels at last check today. The projected low price target is $8.0 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -163.16% off the targeted high while a plunge would see the stock gain -163.16% from the levels at last check today.
Neuronetics Inc (STIM) estimates and forecasts
Figures show that Neuronetics Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 60.79% over the past 6 months, with this year growth rate of -21.90%, compared to 14.40% for the industry. Revenue growth from the last financial year stood is estimated to be 0.01%.
4 analysts offering their estimates for the company have set an average revenue estimate of 18.98M for the current quarter. 4 have an estimated revenue figure of 18.37M for the next ending quarter. Year-ago sales stood 20.31M and 17.42M respectively for this quarter and the next, and analysts expect sales will shrink by -6.55% for the current quarter and 0.01% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 17.12% over the past 5 years. Earnings growth for 2025 is a modest -20.96% while over the next 5 years, the company’s earnings are expected to increase by 26.12%.
STIM Dividends
Neuronetics Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Neuronetics Inc (NASDAQ:STIM)’s Major holders
Insiders own 11.10% of the company shares, while shares held by institutions stand at 53.32% with a share float percentage of 59.98%. Investors are also buoyed by the number of investors in a company, with Neuronetics Inc having a total of 74.0 institutions that hold shares in the company. The top two institutional holders are ARCHON CAPITAL MANAGEMENT LLC with over 2.47 million shares worth more than $4.45 million. As of 2024-06-30, ARCHON CAPITAL MANAGEMENT LLC held 8.3919% of shares outstanding.
The other major institutional holder is CANNELL CAPITAL LLC, with the holding of over 2.38 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.29 million and represent 8.0799% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.80% shares in the company for having 849.5 shares of worth $2.49 million while later fund manager owns 403.88 shares of worth $1.18 million as of Sep 30, 2024, which makes it owner of about 1.33% of company’s outstanding stock.
