Neurometrix Stock Price on February 22, 2024
| NURO Stock | USD 4.25 0.10 2.41% |
Below is the normalized historical share price chart for NeuroMetrix extending back to July 22, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NeuroMetrix stands at 4.25, as last reported on the 23rd of November, with the highest price reaching 4.60 and the lowest price hitting 4.25 during the day.
If you're considering investing in NeuroMetrix Stock, it is important to understand the factors that can impact its price. NeuroMetrix appears to be not too volatile, given 3 months investment horizon. NeuroMetrix has Sharpe Ratio of 0.0686, which conveys that the firm had a 0.0686% return per unit of risk over the last 3 months. We have found thirty technical indicators for NeuroMetrix, which you can use to evaluate the volatility of the firm. Please exercise NeuroMetrix's Risk Adjusted Performance of 0.0759, downside deviation of 3.19, and Mean Deviation of 2.67 to check out if our risk estimates are consistent with your expectations.
At this time, NeuroMetrix's Common Stock Shares Outstanding is very stable compared to the past year. As of the 23rd of November 2024, Common Stock Total Equity is likely to grow to 669.34, while Total Stockholder Equity is likely to drop about 14.4 M. . As of the 23rd of November 2024, Price To Sales Ratio is likely to drop to 0.60. In addition to that, Price Earnings Ratio is likely to grow to -0.55. NeuroMetrix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 2001 | 200 Day MA 3.8564 | 50 Day MA 4.0396 | Beta 2.301 |
NeuroMetrix |
Sharpe Ratio = 0.0686
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Estimated Market Risk
| 3.35 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average NeuroMetrix is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NeuroMetrix by adding it to a well-diversified portfolio.
Price Book 0.5305 | Enterprise Value Ebitda 1.4581 | Price Sales 2.3041 | Shares Float 1.6 M | Wall Street Target Price 50 |
NeuroMetrix Valuation on February 22, 2024
It is possible to determine the worth of NeuroMetrix on a given historical date. On February 22, 2024 NeuroMetrix was worth 3.23 at the beginning of the trading date compared to the closed value of 2.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NeuroMetrix stock. Still, in general, we apply an absolute valuation method to find NeuroMetrix's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NeuroMetrix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NeuroMetrix's related companies.
| Open | High | Low | Close | Volume | |
| 3.50 | 3.58 | 3.11 | 3.17 | 148,130 | |
02/22/2024 | 3.23 | 3.23 | 2.70 | 2.94 | 212,872 |
| 2.86 | 3.23 | 2.86 | 3.11 | 90,225 |
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NeuroMetrix Trading Date Momentum on February 22, 2024
| On February 23 2024 NeuroMetrix was traded for 3.11 at the closing time. The top price for the day was 3.23 and the lowest listed price was 2.86 . The trading volume for the day was 90.2 K. The trading history from February 23, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 5.78% . The trading delta at closing time against the current closing price is 35.37% . |
NeuroMetrix Fundamentals Correlations and Trends
By evaluating NeuroMetrix's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NeuroMetrix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NeuroMetrix financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NeuroMetrix Stock history
NeuroMetrix investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NeuroMetrix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NeuroMetrix will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NeuroMetrix stock prices may prove useful in developing a viable investing in NeuroMetrix
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1 M | 1.1 M | |
| Net Loss | -4 M | -4.2 M |
NeuroMetrix Quarterly Net Working Capital |
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NeuroMetrix Stock Technical Analysis
NeuroMetrix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NeuroMetrix Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
NeuroMetrix cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NeuroMetrix November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how NeuroMetrix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NeuroMetrix shares will generate the highest return on investment. By undertsting and applying NeuroMetrix stock market strength indicators, traders can identify NeuroMetrix entry and exit signals to maximize returns
NeuroMetrix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NeuroMetrix's price direction in advance. Along with the technical and fundamental analysis of NeuroMetrix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NeuroMetrix to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.322 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0548 | |||
| Treynor Ratio | (1.35) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeuroMetrix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NeuroMetrix. If investors know NeuroMetrix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NeuroMetrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.62) | Revenue Per Share 2.157 | Quarterly Revenue Growth (0.51) | Return On Assets (0.28) | Return On Equity (0.43) |
The market value of NeuroMetrix is measured differently than its book value, which is the value of NeuroMetrix that is recorded on the company's balance sheet. Investors also form their own opinion of NeuroMetrix's value that differs from its market value or its book value, called intrinsic value, which is NeuroMetrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NeuroMetrix's market value can be influenced by many factors that don't directly affect NeuroMetrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NeuroMetrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeuroMetrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeuroMetrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.