DarioHealth Corp (NASDAQ: DRIO) is -8.42% lower on its value in year-to-date trading and has touched a low of $0.50 and a high of $1.55 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 DRIO stock was last observed hovering at around $0.69 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.72, the stock is 2.48% and 2.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 4.18% at the moment leaves the stock -6.95% off its SMA200. DRIO registered -37.94% loss for a year compared to 6-month loss of -1.63%.
The stock witnessed a 9.08% gain in the last 1 month and extending the period to 3 months gives it a -0.01%, and is -0.01% 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 4.33% over the week and 2.76% over the month.
DarioHealth Corp (DRIO) has around 202 employees, a market worth around $32.00M and $28.03M in sales. Profit margin for the company is -132.49%. Distance from 52-week low is 43.66% and -53.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.83%).
The EPS is expected to shrink by -15.16% this year
The shares outstanding are 42.71M, and float is at 32.07M with Short Float at 9.04%.
The top institutional shareholder in the company is NANTAHALA CAPITAL MANAGEMENT, LLC with over 2.39 million shares valued at $2.85 million. The investor’s holdings represent 6.9429 of the DRIO Shares outstanding. As of 2024-06-30, the second largest holder is APPIAN WAY ASSET MANAGEMENT LP with 1.38 million shares valued at $1.64 million to account for 3.9947 of the shares outstanding. The other top investors are PHOENIX HOLDINGS LTD. which holds 1.13 million shares representing 3.2713 and valued at over $1.34 million, while Y.D. MORE INVESTMENTS LTD holds 2.8477 of the shares totaling 0.98 million with a market value of $1.17 million.
DarioHealth Corp (DRIO) Insider Activity
The most recent transaction is an insider purchase by Nelson Steven Charles, the company’s Chief Commercial Officer. SEC filings show that Nelson Steven Charles bought 5,000 shares of the company’s common stock on Nov 12 ’24 at a price of $0.91 per share for a total of $4546.0. Following the purchase, the insider now owns 55000.0 shares.
DarioHealth Corp disclosed in a document filed with the SEC on Sep 10 ’24 that Nelson Steven Charles (Chief Commercial Officer) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $0.84 per share for $4221.0. Following the transaction, the insider now directly holds 45000.0 shares of the DRIO stock.
Still, SEC filings show that on Sep 11 ’24, Nelson Steven Charles (Chief Commercial Officer) acquired 5,000 shares at an average price of $0.80 for $4022.0. The insider now directly holds 50,000 shares of DarioHealth Corp (DRIO).
