Geode Capital Management LLC has recently announced that it has increased stake in Asensus Surgical Inc. (AMEX:ASXC) by 3.69%. After grabbing 2.27 million shares, the institutional investor is now in possession of 80678.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.95% having worth around $1.45 million. Moreover, Masters Capital Management LLC increased its share by 1.84 million to have a control over 1.84 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.14 million shares by acquiring 0.96 million shares or 0.40% of the stake.
Asensus Surgical Inc. (ASXC) concluded trading on 05/25/23 at a closing price of $0.52, with 0.94 million shares of worth about $0.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.19% during that period and on Thursday the price saw a loss of about -7.42%. Currently the company’s common shares owned by public are about 238.28M shares, out of which, 234.37M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the ASXC stock and their offered price forecasts bring an average price target of $1.65. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $1.30. The stock’s current price level is 68.48% above of average price target set by the analysts, while a rise to estimated low would result in gain of 60.0% for the stock. However, touching the estimated high of $2.00 would mean a gain of 74.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 10 times over the past 12 months. They bought 3,292,266 shares in 6 of the transactions. In 4 selling transactions, insiders dumped 679,749 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Asensus Surgical Inc. Vanguard Total Stock Market ETF is currently holding 7.73 million shares of worth totaling $4.95 million. The company recently came buying 0.0 shares which brought its stake up to 3.23% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 1.22 million shares, have now control over 0.51% of the stake in the company. It holds 0.0 shares of worth $0.78 million.
However, the stock later moved at a day high price of 0.5700, or with a loss of -7.42%. Stock saw a price change of -9.54% in past 5 days and over the past one month there was a price change of -20.27%. Year-to-date (YTD), ASXC shares are showing a performance of 49.12% which increased to 34.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $1.18 during that period. The average intraday trading volume for Asensus Surgical Inc. shares is 887.26K. The stock is currently trading -15.60% below its 20-day simple moving average (SMA20), while that difference is down -19.82% for SMA50 and it goes to -8.23% lower than SMA200.
Geode Capital Management LLC acquired 2.27 million shares of Asensus Surgical Inc. having value of about $1.45 million. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 80678.0 shares in the company valued at close to $41952.56, or have control over 3.69% stake in the company. Asensus Surgical Inc. (AMEX: ASXC) currently have 238.28M outstanding shares and institutions hold larger chunk of about 12.20% of that. Holding of mutual funds in the company is about 5.14% while other institutional holders and individual stake holders have control over 6.15% and 2.04% of the stake respectively.
The stock has a current market capitalization of $123.32M and its 3Y-monthly beta is at 1.72. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 5.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASXC, volatility over the week remained 9.24% while standing at 7.20% over the month.
Analysts are in expectations that Asensus Surgical Inc. (ASXC) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is -$0.07 and it is -$0.27 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -16.10% while it is estimated to increase by 15.60% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Asensus Surgical Inc. (ASXC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
