Neuronetics Inc (NASDAQ: STIM) is 121.12% higher on its value in year-to-date trading and has touched a low of $0.52 and a high of $5.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STIM stock was last observed hovering at around $3.27 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $3.56, the stock is 34.49% and 96.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 8.87% at the moment leaves the stock 116.95% off its SMA200. STIM registered 7.88% gain for a year compared to 6-month loss of 97.78%. The firm has a 50-day simple moving average (SMA 50) of $1.75924 and a 200-day simple moving average (SMA200) of $1.64212.
The stock witnessed a 126.75% gain in the last 1 month and extending the period to 3 months gives it a 226.61%, and is 4.40% up 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 13.08% over the week and 16.27% over the month.
Neuronetics Inc (STIM) has around 203 employees, a market worth around $114.17M and $72.71M in sales. Profit margin for the company is -50.09%. Distance from 52-week low is 584.62% and -29.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.66%).
The EPS is expected to shrink by -20.87% this year
74.0 institutions hold shares in Neuronetics Inc (STIM), with institutional investors hold 59.98% of the company’s shares. The shares outstanding are 30.32M, and float is at 15.66M with Short Float at 7.35%. Institutions hold 53.32% 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 sale by Furlong Stephen, the company’s EVP, CFO and Treasurer. SEC filings show that Furlong Stephen sold 1,368 shares of the company’s common stock on Oct 08 ’24 at a price of $0.82 per share for a total of $1122.0. Following the sale, the insider now owns 0.5 million shares.
Neuronetics Inc disclosed in a document filed with the SEC on Oct 08 ’24 that MACAN WILLIAM ANDREW (EVP, GC, CCO and CS) sold a total of 1,541 shares of the company’s common stock. The trade occurred on Oct 08 ’24 and was made at $0.82 per share for $1264.0. Following the transaction, the insider now directly holds 0.4 million shares of the STIM stock.
Still, SEC filings show that on Oct 08 ’24, Furlong Stephen (Officer) Proposed Sale 1,368 shares at an average price of $0.82 for $1116.0. The insider now directly holds shares of Neuronetics Inc (STIM).
