Aclarion Inc (NASDAQ:ACON) price on Thursday, March 20, rose 5.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.80.
A look at the stock’s price movement, the close in the last trading session was $0.76, moving within a range at $0.73 and $0.8. The beta value (5-Year monthly) was 0.469. Turning to its 52-week performance, $231.15 and $0.61 were the 52-week high and 52-week low respectively. Overall, ACON moved -82.26% over the past month.
Aclarion Inc’s market cap currently stands at around $10.96 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Analysts have a consensus estimate of 17.5k for the company’s revenue for the quarter, with a low and high estimate of 15k and 20k respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 55k, representing a -27.06% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACON is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ACON’s current price about -69.94% and -91.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.70, while 7-day volatility ratio is 26.57% and 38.46% in the 30-day chart. Further, Aclarion Inc (ACON) has a beta value of 0.92, and an average true range (ATR) of 1.60.
If we refocus on Aclarion Inc (NASDAQ:ACON), historical trading data shows that trading volumes averaged 12.37 over the past 10 days and 5.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 13.70 million shares.
The 0.01% of Aclarion Inc’s shares are in the hands of company insiders while institutional holders own 0.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.47 million on 2025-02-28, giving us a short ratio of 0.35. The data shows that as of 2025-02-28 short interest in Aclarion Inc (ACON) stood at 4640.0002 of shares outstanding, with shares short rising to 13485.0 registered in 2025-01-31. Current price change has pushed the stock -98.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACON stock continues to rise going into the next quarter.
