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Asensus Surgical Inc.: Navigating Market Fluctuations with a 123.32M Market Cap

Asensus Surgical Inc. (ASXC) current stock price is $0.52. During the last trading session, the stock soared, reaching $0.57 after opening at $0.56. The stock’s lowest point was $0.51 before it closed at $0.56.

The market performance of Asensus Surgical Inc. has been somewhat stable. Over the past year, the company’s stock achieved a high of $1.18 on 02/21/23, with the lowest value for the same timeframe being $0.28, recorded on 12/27/22.

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52-week price history of ASXC Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Asensus Surgical Inc.’s current trading price is -56.14% away from its 52-week high, while its distance from the 52-week low is 84.86%. The stock’s price range for this period has remained between $0.28 and $1.18. The Healthcare sector company’s shares managed to surpass a trading volume of around 0.94 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.89 million over the last three months.

Financial Performance and Market Capitalization

Asensus Surgical Inc. (ASXC) has experienced a quarterly decline of -36.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 123.32M and boasts a workforce of 183 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6654, with a change in price of +0.1705. Similarly, Asensus Surgical Inc. recorded 1,389,974 in trading volume during the last 100 days, posting a change of +49.12%.

ASXC Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ASXC stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

ASXC Stock Stochastic Average

As of today, the raw stochastic average of Asensus Surgical Inc. over the last 50 days is at 2.17%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 4.02%. Further, the company’s Stochastic %K and %D values for the last 20 days were 20.95% and 24.85%, respectively.

ASXC Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded an increase of 49.12%. However, over the last six months, the performance has been weaker by 22.19%. The price of ASXC decreased -20.27% over the last 30 days. And in the last five days, it has fallen by -9.54%.

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