At the end of the latest market close, Acutus Medical Inc. (AFIB) was valued at $13.44. In that particular session, Stock kicked-off at the price of $13.56 while reaching the peak value of $13.69 and lowest value recorded on the day was $13.15. The stock current value is $14.33.
Recently in News on July 14, 2021, Acutus Medical, Inc. Announces Pricing of Public Offering of Common Stock. Acutus Medical, Inc. (Nasdaq: AFIB) (“Acutus”) today announced the pricing of its underwritten public offering of 5,500,000 shares of its common stock at a price to the public of $14.00 per share. All of the shares of common stock are being offered by Acutus. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Acutus, are expected to be $77.0 million. The offering is expected to close on July 19, 2021, subject to the satisfaction of customary closing conditions. In addition, Acutus has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of Acutus’ common stock at the price to the public, less underwriting discounts and commissions. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Acutus Medical Inc. shares are logging -63.25% during the 52-week period from high price, and 28.15% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $11.18 and $38.99.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 998285 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Acutus Medical Inc. (AFIB) recorded performance in the market was -53.35%, having the revenues showcasing 4.11% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 381.02M, as it employees total of 291 workers.
Specialists analysis on Acutus Medical Inc. (AFIB)
During the last month, 0 analysts gave the Acutus Medical Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.11, with a change in the price was noted -6.76. In a similar fashion, Acutus Medical Inc. posted a movement of -32.56% for the period of last 100 days, recording 325,964 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for AFIB is recording 0.45 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.42.
Trends and Technical analysis: Acutus Medical Inc. (AFIB)
Raw Stochastic average of Acutus Medical Inc. in the period of last 50 days is set at 41.35%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 21.68%. In the last 20 days, the company’s Stochastic %K was 13.70% and its Stochastic %D was recorded 10.91%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -53.35%. The shares increased approximately by -13.18% in the 7-day charts and went up by -21.13% in the period of the last 30 days. Common stock shares were driven by 4.11% during last recorded quarter.