Asensus Surgical (ASXC) Stock Sees Sell-Off At Higher Level: A Good Buy Now?
The robotic surgery industry has grown at a fairly impressive clip over the course of the past few years and nowadays investors are becoming increasingly interested in this particular sector. One of the companies that could be of interest to such investors is Asensus Surgical (NYSEAMERICAN:ASXC), which is currently one of the notable players in the sector thanks to its main product Senhance System.
The product is meant for providing assistance during surgeries. However, if anyone is looking to analyze the Asensus stock then it is necessary to recognize that the situation may be a bit more complex. The most important thing to note that in addition to providing assistance for surgical procedures, Senhance System is also meant for cutting costs.
On the other hand, it is also necessary to remember that the Asensus stock had been caught up in the meme stock frenzy earlier this year and rallied hard as retail investors from Reddit piled on to the stock in a big way. As a matter of fact, the stock rallied by as much as 900% at the beginning of the year in a matter of few months.
However, such gains don’t last in general and it didn’t for the Asensus stock. The company’s product is ideal for laparoscopic surgeries since it is one type of surgery that has proven to be ideal for robotic solutions. Robotic surgery is expensive but Asensus has designed Senhance System in such a way that it can reduce costs by utilizing reusable standard instruments.
HUMBL Inc (HMBL) Stock Finds $1 Support And Moving Higher: A Bullish Sign?
Earlier this year, the HUMBL Inc (OTCMKTS:HMBL) stock emerged as one of the major gainers from among penny stocks this year. In recent times, the HUMBL stock has made much steadier progress but yesterday it was back in action and jumped by as much as 9.5% after the company made a major announcement.
The company revealed yesterday that Brian Foote, its Chief Executive Officer, decided to retire as many as 9350 shares of the company’s Series B Preferred stock that is owned by him. However, it is perhaps more important for investors to keep in mind that those shares are equivalent to as many as 93,500,000 shares of the company’s common stock.
Considering the reduction of the number of common stocks to such a degree, it came as no surprise that the HUMBL stock experienced a surge yesterday. At the time the request was submitted by the company, the market value of those shares stood at $100,000,000.
However, in this regard, it is perhaps also necessary for investors to keep in mind that the HUMBL CEO had earlier retired as many as 551,669,335 pre-split common shares in the company. Those shares had actually come from the share float as in November last year. On the other hand, any prospective investor needs to note that in recent months HUMBL has come into considerable focus due to the growth of its mobile payments business. The service has gained considerable traction on an international scale over the past months.