Neuronetics Inc (NASDAQ: STIM) is -73.10% lower on its value in year-to-date trading and has touched a low of $0.66 and a high of $5.07 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 STIM stock was last observed hovering at around $0.79 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.78, the stock is -6.54% and -36.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -1.03% at the moment leaves the stock -69.62% off its SMA200. STIM registered -39.53% loss for a year compared to 6-month loss of -83.75%. The firm has a 50-day simple moving average (SMA 50) of $1.20586 and a 200-day simple moving average (SMA200) of $2.56254.
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The stock witnessed a -15.15% gain in the last 1 month and extending the period to 3 months gives it a -57.14%, and is -17.67% 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 11.59% over the week and 9.20% over the month.
Neuronetics Inc (STIM) has around 203 employees, a market worth around $23.63M and $72.06M in sales. Profit margin for the company is -45.06%. Distance from 52-week low is 17.47% and -84.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.08%).
The EPS is expected to grow by 16.36% this year
78.0 institutions hold shares in Neuronetics Inc (STIM), with institutional investors hold 62.10% of the company’s shares. The shares outstanding are 29.09M, and float is at 27.25M with Short Float at 2.07%. Institutions hold 57.37% of the Float.
The top institutional shareholder in the company is ARCHON CAPITAL MANAGEMENT LLC with over 2.47 million shares valued at $4.45 million. The investor’s holdings represent 8.3919 of the STIM Shares outstanding. As of 2024-06-30, the second largest holder is CANNELL CAPITAL LLC with 2.38 million shares valued at $4.29 million to account for 8.0799 of the shares outstanding. The other top investors are KENT LAKE CAPITAL LLC which holds 1.74 million shares representing 5.8975 and valued at over $3.13 million, while VANGUARD GROUP INC holds 4.4107 of the shares totaling 1.3 million with a market value of $2.34 million.
Neuronetics Inc (STIM) Insider Activity
The most recent transaction is an insider purchase by CASCELLA ROBERT, the company’s Director. SEC filings show that CASCELLA ROBERT bought 100,000 shares of the company’s common stock on Sep 12 ’24 at a price of $0.75 per share for a total of $75000.0. Following the purchase, the insider now owns 0.45 million shares.
Neuronetics Inc disclosed in a document filed with the SEC on Sep 05 ’24 that MUIR GLENN P (Director) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Sep 05 ’24 and was made at $0.80 per share for $20000.0. Following the transaction, the insider now directly holds 0.29 million shares of the STIM stock.
Still, SEC filings show that on Aug 28 ’24, MUIR GLENN P (Director) acquired 12,776 shares at an average price of $0.85 for $10860.0. The insider now directly holds 252,594 shares of Neuronetics Inc (STIM).
