| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 1.1M | 4.1M | 3.7M | 3.8M | Cost Of Revenue | 14.3M | 15.2M | 2.4M | 2.3M |
Ownership Breakdown
| Retail Investors80.96% | Insiders16.5% |
| Retail Investors | 80.96 | |
| Insiders | 16.5 | |
| Institutions | 2.54 |
Will Assure Holdings (USA Stocks:IONM) turn things around in June?
 | By Vlad Skutelnik | Macroaxis Story |
Assure Holdings Corp (IONM) is a player in the Medical Care Facilities industry, with a current quote of $0.43 per share. Despite a recent price change of -$0.05, Wall Street has a target price of $4 for the stock, indicating a potential upside. However, investors should note the company's operating margin of 1.91% and a net interest income reported as a loss of $2.7 million. The company's risk-adjusted performance stands at 0.0611, which, coupled with a Jensen Alpha of 0.8592, suggests that the stock may offer a decent risk-reward ratio. Therefore, June could indeed be the month for Assure Holdings Corp to stage a remarkable comeback.
Major Takeaways
Approximately 17.0% of Assure Holdings Corp's shares are owned by company insiders. This refers to the stake in the company held by its officers, directors, leadership team relatives, or anyone with access to non-public information. For the latest analysis of Assure, including its current ownership structure, refer to our recent ownership diagnostics.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Michael Smolkin
Assure Holdings Corp (NASDAQ: IONM), a key player in the Healthcare sector, specifically in the Medical Care Facilities industry, is poised for a potential turnaround this June. Despite a challenging financial performance with a loss of $5.01 per share and a negative income before tax of $22.2M, the company's enterprise value revenue stands at 1.81, indicating a relatively fair valuation. With a modest market capitalization of $3.9M and 95 full-time employees, Assure Holdings is a small but dedicated player in the Health Care Equipment & Services domain. The Wall Street target price for the stock is $4, suggesting a possible upside. Could this be the month for Assure Holdings to stage a remarkable comeback? Currently, Assure Holdings Corp's Return on Invested Capital (ROIC) remains stable compared to the previous year. As of May 27, 2024, the Days Payables Outstanding is projected to increase to 1,070, while the Price-to-Book (Ptb) Ratio is expected to decrease by 0.07. As conservative investors show increased interest in the healthcare equipment and supplies sector, Assure Holdings Corp may be worth considering. The company's ability to reduce net losses this year is under review. This article highlights key factors influencing Assure Holdings' products and services, and how these may impact the company's investment outlook in June.The performance of Assure Holdings Corp in the marketplace will significantly impact your decision to invest in its stock. Revenue growth, profitability, competitive positioning, management quality, and industry trends can influence Assure Holdings' stock prices. When investing in Assure Holdings, there are several factors to consider and potential outcomes to expect. As a company performs well, its stock price may increase, allowing investors to benefit from price appreciation. However, Assure Stock can experience significant price fluctuations due to market conditions, economic factors, industry trends, or company-specific news. This is why investing in stocks such as Assure Holdings carries risks, including the potential for capital loss. Stock prices can decline, and investors may incur losses if they sell shares at a lower price than their initial investment.
Watch out for price decline
Please consider monitoring Assure Holdings on a daily basis if you are holding a position in it. Assure Holdings is trading at a penny-stock level, and the possibility of delisting is much higher compared to other delisted stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Assure Holdings stock to be traded above the $1 level to remain listed. If Assure Holdings stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Assure Holdings's Liquidity
Assure Holdings financial leverage refers to using borrowed capital as a funding source to finance Assure Holdings Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Assure Holdings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Assure Holdings' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Assure Holdings' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Assure Holdings's total debt and its cash.
Breaking it down a bit more
Assure Holdings Corp shows 16.5 percent of its outstanding shares held by insiders and 2.54 percent owned by other corporate entities.
Every cloud has a silver lining, and for Assure Holdings Corp (IONM), June could be the month to watch. Despite a challenging financial landscape, marked by a net asset of 7.51M and total debt of 14.8M, the company's current ratio stands at a robust 6.62X, indicating a strong ability to meet short-term obligations.However, investors should tread carefully as the company has a high probability of bankruptcy at 96.00%. The company's PEG ratio of 0.1939 suggests that it may be undervalued given its earnings growth rate. Nevertheless, with a negative operating income of 20.1M and earnings per share at -5.01, the road to recovery may be steep..
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Assure Holdings Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.