NeuroMetrix Inc. (NASDAQ:NURO) has a beta of 2.89. The stock’s Relative Strength Index (RSI) is 88.17, with weekly volatility at 18.18% and ATR at 0.29. The NURO stock’s 52-week price range has touched low of $0.81 and a $6.20 high. Its shares traded higher over the last trading session, gaining 39.07% on 12/08/20. The shares fell to a low of $2.92 before closing at $2.99. Intraday shares traded counted 67.43 million, which was -31781.98% lower than its 30-day average trading volume of 211.50K. NURO’s previous close was $2.15 while the outstanding shares total 3.79M.
Investors have identified the Medical Instruments & Supplies company NeuroMetrix Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $11.39 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NeuroMetrix Inc. (NURO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 7.29 million total, with 2.39 million as their total liabilities.
Is the stock of NURO attractive?
In related news, President & CEO, Gozani Shai bought 1,000 shares of the company’s stock in a transaction that recorded on Jun 11. The purchase was performed at an average price of 1.84, for a total value of 1,840. As the purchase deal closes, the President & CEO, Gozani Shai now bought 500 shares of the company’s stock, valued at 1,165. Also, President & CEO, Gozani Shai bought 1,000 shares of the company’s stock in a deal that was recorded on May 14. The shares were cost at an average price of 2.18 per share, with a total market value of 2,180. Following this completion of disposal, the President & CEO, Gozani Shai now holds 250 shares of the company’s stock, valued at 615. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.