Aclarion Inc (NASDAQ:ACON) shares, rose in value, with the stock price down by -2.63% to the previous day’s close as strong demand from buyers drove the stock to $0.11.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.11, falling within a range of $0.107 and $0.118. The value of beta (5-year monthly) is 0.396. Referring to stock’s 52-week performance, its high was $7.40, and the low was $0.11. On the whole, ACON has fluctuated by -36.21% over the past month.
With the market capitalization of Aclarion Inc currently standing at about $1.16 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACON’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ACON currently trading nearly -33.38% and -37.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.79, while the 7-day volatility ratio is showing 16.70% which for the 30-day chart, stands at 8.89%. Furthermore, Aclarion Inc (ACON)’s beta value is 0.48, and its average true range (ATR) is 0.02.
A comparison of Aclarion Inc (ACON) with its peers suggests the former has fared considerably weaker in the market. ACON showed an intraday change of -2.63% in today’s session so far, and over the past year, it shrunk by -97.04%%.
Data on historical trading for Aclarion Inc (NASDAQ:ACON) indicates that the trading volumes over the past 10 days have averaged 1.53 and over the past 3 months, they’ve averaged 568.92K. According to company’s latest data on outstanding shares, there are 10.43 million shares outstanding.
Nearly 0.18% of Aclarion Inc’s shares belong to company insiders and institutional investors own 3.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.43 million shares as on 2024-10-31, resulting in a short ratio of 0.77. According to the data, the short interest in Aclarion Inc (ACON) stood at 428.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.26 million. The stock has fallen by -96.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACON stock heading into the next quarter.
