Acutus Medical - AFIB Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acutus Medical in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AFIB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AFIB, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 1 year target prices for Acutus Medical's stock. Their AFIB share price forecasts range from $1.50 to $2.50. On average, they anticipate the company's stock price to reach $2.00 in the next year. This suggests a possible upside of 168.4% from the stock's current price.
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Acutus Medical's stock was trading at $1.15 at the beginning of 2023. Since then, AFIB stock has decreased by 35.2% and is now trading at $0.7452.
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Acutus Medical saw a increase in short interest in March. As of March 15th, there was short interest totaling 393,800 shares, an increase of 13.8% from the February 28th total of 346,100 shares. Based on an average daily trading volume, of 186,700 shares, the short-interest ratio is currently 2.1 days. Currently, 2.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Acutus Medical, Inc. (NASDAQ:AFIB) posted its earnings results on Thursday, November, 11th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by $0.02. The company had revenue of $4.60 million for the quarter, compared to analysts' expectations of $6.02 million. Acutus Medical had a negative trailing twelve-month return on equity of 45.94% and a negative net margin of 242.11%. During the same period in the previous year, the company posted ($1.18) earnings per share.

Acutus Medical issued an update on its FY 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $18.00 million-$21.00 million, compared to the consensus revenue estimate of $20.46 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Acutus Medical investors own include Oak Street Health (OSH), Alibaba Group (BABA), Checkmate Pharmaceuticals (CMPI), Salesforce (CRM), Walt Disney (DIS), DocuSign (DOCU), Marvell Technology (MRVL), NVIDIA (NVDA), Tesla (TSLA) and Twilio (TWLO).

(AFIB) raised $126 million in an IPO on Thursday, August 6th 2020. The company issued 7,400,000 shares at $16.00-$18.00 per share. J.P. Morgan, BofA Securities and William Blair acted as the underwriters for the IPO and Canaccord Genuity and BTIG were co-managers.

Acutus Medical trades on the NASDAQ under the ticker symbol "AFIB."

Acutus Medical's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.07%), Kamunting Street Capital Management L.P. (0.91%), Millennium Management LLC (0.63%), Morgan Stanley (0.45%), Nicolet Advisory Services LLC (0.10%) and Belvedere Trading LLC (0.00%). Insiders that own company stock include James F Hinrichs, Orbimed Advisors Llc and R Scott Huennekens.
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Shares of AFIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AFIB stock can currently be purchased for approximately $0.75.

Acutus Medical (NASDAQ:AFIB) has a market capitalization of $21.20 million and generates $16.36 million in revenue each year. The company earns $-39,620,000.00 in net income (profit) each year or ($1.57) on an earnings per share basis.

The company employs 291 workers across the globe.

Acutus Medical's mailing address is 2210 FARADAY AVE SUITE 100, CARLSBAD CA, 92008. The official website for the company is www.acutusmedical.com. The company can be reached via phone at 442-232-6080, via email at investors@acutusmedical.com, or via fax at 442-232-6081.