Should Investors Trust The Upside Potential In Aclarion Inc (ACON)?

Aclarion Inc (NASDAQ:ACON) currently has a daily average trading volume of 566.38K but it saw 688454 shares traded in last market. With a market cap of 1.96M USD, the company’s current market price of $0.22 came falling about -5.20 while comparing to the previous closing price of $0.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.90 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.2123 while lowest mark touched by it was $0.2331.

Taking a look at 20-day trading activity of Aclarion Inc (ACON) gives us an average price of $0.2489, while its current price level is -97.81% below from 52-week high level whereas it is 6.90% 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 $0.2797 while that of 200 days or SMA-200 reads an average of $1.3471. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.88% during that period while stretching the period over a month that decreases to 10.94%. 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 35.38 which implies that the stock is in neutral territory.

Over the week, ACON’s stock price is moving -5.24% down while it is -31.16% when we observe its performance for the past one month. Year-to-date it is -93.22% down and over the past year, the stock is showing a downside performance of -96.82%.

Currently, Aclarion Inc’s total number of outstanding shares is 9.04M. Company’s return on investment (ROI) stands at -359.31% and return on equity (ROE) at -714.18%. Stock’s beta reads 0.47. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 39.22. Its return on asset (ROA) is -231.70% on average.