Are Analysts Too Bullish On Asensus Surgical Inc (ASXC)

Asensus Surgical Inc (AMEX:ASXC) currently has a daily average trading volume of 2.36M but it saw 1644452 shares traded in last market. With a market cap of 90.92M USD, the company’s current market price of $0.33 came falling about -1.19 while comparing to the previous closing price of $0.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.40 and as low as $0.20.

Taking a look at 20-day trading activity of Asensus Surgical Inc (ASXC) gives us an average price of $0.3375, while its current price level is -16.48% below from 52-week high level whereas it is 63.48% 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 $0.3088 while that of 200 days or SMA-200 reads an average of $0.2800. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.15% during that period while stretching the period over a month that increases to 1.37%. 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 54.85 which implies that the stock is in neutral territory.

H.C. Wainwright issued its recommendations for the stock as it initiated the price target for the stock is $4.

Over the week, ASXC’s stock price is moving -1.36% down while it is -0.45% when we observe its performance for the past one month. Year-to-date it is 4.58% up and over the past year, the stock is showing a downside performance of -9.00%.

Currently, Asensus Surgical Inc’s total number of outstanding shares is 272.62M. Company’s return on investment (ROI) stands at -451.74% and return on equity (ROE) at -169.75%. Stock’s beta reads 1.38. Stock has a price to book (P/B) ratio of 6.97 while price to sale or P/S ratio amounts to 10.43. Its return on asset (ROA) is -114.63% on average.