Are Analysts Too Bullish On Aclarion Inc (ACON)

Aclarion Inc (NASDAQ:ACON) currently has a daily average trading volume of 2.86M but it saw 668691 shares traded in last market. With a market cap of 2.50M USD, the company’s current market price of $0.30 came rising about 6.91 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.60 and as low as $0.27.

Taking a look at 20-day trading activity of Aclarion Inc (ACON) gives us an average price of $0.3013, while its current price level is -98.81% below from 52-week high level whereas it is 14.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3319 while that of 200 days or SMA-200 reads an average of $4.0549. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.99% during that period while stretching the period over a month that increases to 14.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.37 which implies that the stock is in neutral territory.

Over the week, ACON’s stock price is moving 3.89% up while it is -0.72% when we observe its performance for the past one month. Year-to-date it is -90.48% down and over the past year, the stock is showing a downside performance of -97.35%.

Currently, Aclarion Inc’s total number of outstanding shares is 8.20M. Company’s return on equity (ROE) at -655.74%. Stock’s beta reads 0.42. Stock has a price to sale or P/S ratio amounts to 31.24. Its return on asset (ROA) is -182.77% on average.