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Asensus Surgical Inc (ASXC) Stock Could Soon Reward Patient Investors

Asensus Surgical Inc (AMEX: ASXC) is -27.88% lower on its value in year-to-date trading and has touched a low of $0.20 and a high of $0.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASXC stock was last observed hovering at around $0.23 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.23, the stock is -18.19% and -19.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing -1.71% at the moment leaves the stock -27.87% off its SMA200. ASXC registered -62.35% loss for a year compared to 6-month gain of -19.18%. The firm has a 50-day simple moving average (SMA 50) of $5.50 and a 200-day simple moving average (SMA200) of -$0.63.

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The stock witnessed a -26.07% loss in the last 1 month and extending the period to 3 months gives it a -35.10%, and is -17.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.46% over the week and 6.79% over the month.

Asensus Surgical Inc (ASXC) has around 209 employees, a market worth around $62.56M and $8.58M in sales. Profit margin for the company is -914.46%. Distance from 52-week low is 12.75% and -73.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-206.08%).

Asensus Surgical Inc quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $1.2M over the same period.The EPS is expected to grow by 38.33% this year, but quarterly earnings will post 43.40% year-over-year. Quarterly sales are estimated to grow 23.00% in year-over-year returns.

Asensus Surgical Inc (ASXC) Top Institutional Holders

83 institutions hold shares in Asensus Surgical Inc (ASXC), with institutional investors hold 9.51% of the company’s shares. The shares outstanding are 271.99M, and float is at 266.52M with Short Float at 6.38%. Institutions hold 9.32% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.39 million shares valued at $5.75 million. The investor’s holdings represent 4.32% of the ASXC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.7 million shares valued at $1.87 million to account for 1.40% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 2.11 million shares representing 0.80% and valued at over $1.06 million, while Masters Capital Management, LLC holds 0.76% of the shares totaling 2.0 million with a market value of $1.01 million.

Asensus Surgical Inc (ASXC) Insider Activity

The most recent transaction is an insider purchase by Starling William N JR,the company’sDirector. SEC filings show that Starling William N JR bought 18,134 shares of the company’s common stock on Dec 14 ’23 at a price of $0.28 per share for a total of $5078.0. Following the purchase, the insider now owns 39134.0 shares.

Asensus Surgical Inc disclosed in a document filed with the SEC on Dec 14 ’23 that Starling William N JR (Director) sold a total of 18,134 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $0.28 per share for $5078.0. Following the transaction, the insider now directly holds 0.0 shares of the ASXC stock.

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