ROTH MKM lifts Stereotaxis Inc [STXS] price estimate. Who else is bullish?

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Stereotaxis Inc [AMEX: STXS] plunged by -$0.06 during the normal trading session on while it closed the day at $2.23.

Stereotaxis Inc stock has also gained 9.85% of its value over the past 7 days. However, STXS stock has declined by -2.62% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.95% and gained 27.43% year-on date.

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The market cap for STXS stock reached $188.95 million, with 80.95 million shares outstanding and 69.89 million shares in the current float. Compared to the average trading volume of 255.54K shares, STXS reached a trading volume of 183083 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Stereotaxis Inc [STXS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STXS shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STXS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH MKM have made an estimate for Stereotaxis Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2024. While these analysts kept the previous recommendation, Aegis Capital raised their target price to Buy. The new note on the price target was released on July 12, 2022, representing the official price target for Stereotaxis Inc stock. Previously, the target price had yet another raise to $6, while B. Riley Securities analysts kept a Buy rating on STXS stock.

The Average True Range (ATR) for Stereotaxis Inc is set at 0.12, with the Price to Sales ratio for STXS stock in the period of the last 12 months amounting to 7.52. The Price to Book ratio for the last quarter was 17.47, with the Price to Cash per share for the same quarter was set at 0.13.

STXS stock trade performance evaluation

Stereotaxis Inc [STXS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.85. With this latest performance, STXS shares gained by 14.36% in over the last four-week period, additionally plugging by 10.95% over the last 6 months – not to mention a rise of 32.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STXS stock in for the last two-week period is set at 61.27, with the RSI for the last a single of trading hit 63.87, and the three-weeks RSI is set at 58.88 for Stereotaxis Inc [STXS]. The present Moving Average for the last 50 days of trading for this stock 1.99, while it was recorded at 2.18 for the last single week of trading, and 2.18 for the last 200 days.

Stereotaxis Inc [STXS]: An insightful look at the core fundamentals

Stereotaxis Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.39.

Earnings per share (EPS) analysis for Stereotaxis Inc [STXS] stock

With the latest financial reports released by the company, Stereotaxis Inc posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STXS.

Stereotaxis Inc [STXS]: Institutional Ownership

There are presently around $48.51%, or 57.50%% of STXS stock, in the hands of institutional investors. The top three institutional holders of STXS stocks are: DAFNA CAPITAL MANAGEMENT LLC with ownership of 13.68 million shares, which is approximately 16.3885%. LAGODA INVESTMENT MANAGEMENT, L.P., holding 3.95 million shares of the stock with an approximate value of $$7.19 million in STXS stocks shares; and LAGODA INVESTMENT MANAGEMENT, L.P., currently with $$6.45 million in STXS stock with ownership which is approximately 4.2441%.