Recent Insider Activity Suggests Potential Gains for Assure Holdings Corp. (IONM)

In a filing, Assure Holdings Corp. revealed its 10% Owner Parsons Preston T unloaded Company’s shares for reported $7579.0 on Apr 11. In the deal valued at $3.03 per share,2,500 shares were sold. As a result of this transaction, Parsons Preston T now holds 175,025 shares worth roughly $ 56008.0.

Then, Burian Martin Andrew sold 2,609 shares, generating $7,410 in total proceeds. Upon selling the shares at $2.84, the Director now owns 250 shares.

Before that, Burian Martin Andrew sold 500 shares. Assure Holdings Corp. shares valued at $1,655 were divested by the Director at a price of $3.31 per share. As a result of the transaction, Burian Martin Andrew now holds 2,859 shares, worth roughly $914.88.

Price Performance Review of IONM

On Friday, Assure Holdings Corp. [NASDAQ:IONM] saw its stock fall -11.98% to $0.32. On the same session, the stock had its day’s lowest price of $0.3171, but rose to a high of $0.3577. Over the last five days, the stock has lost -22.81%. Assure Holdings Corp. shares have fallen nearly -93.85% since the year began. Nevertheless, the stocks have fallen -98.52% over the past one year. While a 52-week high of $22.65 was reached on 03/07/23, a 52-week low of $0.25 was recorded on 08/15/23. SMA at 50 days reached $0.7290, while 200 days put it at $3.9945. A total of 0.51 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For IONM Stock

The 24-hour chart illustrates a support level at 0.3058, which if violated will result in even more drops to 0.2911. On the upside, there is a resistance level at 0.3464. A further resistance level may holdings at 0.3723. The Relative Strength Index (RSI) on the 14-day chart is 29.70, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1192, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.26%. Stochastics %K at 18.63% indicates the stock is a buying.

How much short interest is there in Assure Holdings Corp.?

A steep rise in short interest was recorded in Assure Holdings Corp. stocks on Aug 14, 2023, growing by 12200.0 shares to a total of 15720.0 shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3520.0 shares. There was a rise of 77.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.13.

Assure Holdings Corp. [IONM] – Who Are The Largest Shareholders?

In filings from Sabby Management LLC, it is revealed that the company now owns 132,610 shares, or roughly 12.04% of the outstanding IONM shares. In other words, the investor’s shares have risen by 105,013 from its previous 13-F filing of 27597.0. Additionally, Walleye Capital LLC increased 513.01% of its stake after which the total value it holdings stand at $77,763, while Tower Research Capital LLC added 505.19% of its stake to hold $6122.0 in the firm. Over the last quarter, RBC Dominion Securities, Inc. sold -14 shares of Assure Holdings Corp., while Wells Fargo Bank, NA sold 1 shares. At present, WealthPLAN Partners LLC is holding 0 shares valued at $0.0. Securities America Advisors, Inc. owned 0 shares of the company at the time of its most recent 13F filing, worth $0.0.

According to FactSet, Assure Holdings Corp.’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1011.11 percent from its previous closing price of $0.36. Analysts expect Assure Holdings Corp. stock to reach the higher price of $4.00, while the lowest price estimate is $4.00. However, 1 analyst have rated IONM stock as a Buy in their predictions for 2023.