Neuronetics, Inc. (STIM)

NASDAQ: STIM · IEX Real-Time Price · USD
1.31
-0.02 (-1.50%)
At close: Sep 22, 2023, 4:00 PM
1.25
-0.06 (-4.58%)
After-hours: Sep 22, 2023, 6:52 PM EDT
-1.5%
Market Cap 37.82M
Revenue (ttm) 67.85M
Net Income (ttm) -31.32M
Shares Out 28.87M
EPS (ttm) -1.13
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 55,864
Open 1.31
Previous Close 1.33
Day's Range 1.25 - 1.34
52-Week Range 1.25 - 6.95
Beta 1.83
Analysts Strong Buy
Price Target 9.50 (+625.19%)
Earnings Date Nov 7, 2023

About STIM

Neuronetics, Inc., a commercial stage medical technology company, designs, develops, and markets products for patients with neurohealth disorders in the United States and internationally. The company offers NeuroStar Advanced Therapy System, a non-invasive and non-systemic office-based treatment to treat adult patients with major depressive disorder. Its NeuroStar Advanced Therapy System uses transcranial magnetic stimulation to create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of... [Read more]

Sector Healthcare
IPO Date Jun 28, 2018
Employees 209
Stock Exchange NASDAQ
Ticker Symbol STIM
Full Company Profile

Financial Performance

In 2022, Neuronetics's revenue was $65.21 million, an increase of 17.89% compared to the previous year's $55.31 million. Losses were -$37.16 million, 19.1% more than in 2021.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for STIM stock is "Strong Buy." The 12-month stock price forecast is $9.5, which is an increase of 625.19% from the latest price.

Price Target
$9.5
(625.19% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

In Recognition of Suicide Prevention Month, NeuroStar Voices Portal Amplifies Stories of Real People Beating Depression

Portal provides resources to raise awareness around mental health and suicide prevention Portal provides resources to raise awareness around mental health and suicide prevention

13 days ago - GlobeNewsWire

NeuroStar Advanced Therapy Wins 2023 dotCOMM Awards

MALVERN, Pa., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life...

5 weeks ago - GlobeNewsWire

Neuronetics Revolutionizes Patient Communication and Provider Support Through Its Exclusive TrakStar® Platform

New automated features elevate the standard of care for NeuroStar® Advanced Therapy practices New automated features elevate the standard of care for NeuroStar® Advanced Therapy practices

6 weeks ago - GlobeNewsWire

Neuronetics Reports Record Second Quarter 2023 Financial and Operating Results

MALVERN, Pa., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the “Company” or “Neuronetics”) a commercial stage medical technology company with a strategic vision of transforming ...

6 weeks ago - GlobeNewsWire

Neuronetics Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

MALVERN, Pa., Aug. 04, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve th...

7 weeks ago - GlobeNewsWire

Neuronetics to Report Second Quarter 2023 Financial and Operating Results and Host Conference Call

MALVERN, Pa., July 25, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve th...

2 months ago - GlobeNewsWire

Neuronetics Announces Expanded TMS Therapy Access Through Aetna® Health Plans

Policy Updates Impact Nationwide Commercial Plans for 16.8 Million Covered Lives Policy Updates Impact Nationwide Commercial Plans for 16.8 Million Covered Lives

2 months ago - GlobeNewsWire

NeuroStar Advanced Therapy Wins 2023 Bulldog PR Award For Partnership With Drew Robinson, Mental Health Advocate and Former MLB Player

Award Recognizes Efforts to Raise Awareness Around Non-Drug Depression Treatment Award Recognizes Efforts to Raise Awareness Around Non-Drug Depression Treatment

2 months ago - GlobeNewsWire

Neuronetics Receives 510(k) Clearance for OCD MT Cap for NeuroStar Advanced Therapy

The Company expands technology for patients with obsessive-compulsive disorder The Company expands technology for patients with obsessive-compulsive disorder

3 months ago - GlobeNewsWire

Neuronetics Announces Increased TMS Access Through BlueCross BlueShield Of Michigan

Lower Medication Requirement Helps Depression Patients Obtain Treatment Sooner Lower Medication Requirement Helps Depression Patients Obtain Treatment Sooner

4 months ago - GlobeNewsWire

Neuronetics to Present at the William Blair 43rd Annual Growth Stock Conference

MALVERN, Pa., May 24, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the “company” or “Neuronetics”), a commercial stage medical technology company with a strategic vision of transforming ...

4 months ago - GlobeNewsWire

New Depression Barometer Survey Shows Patients Are Stopping Treatment Due to Dissatisfaction

Lowest satisfaction among medication users, highest for users of non-drug solution TMS Therapy Lowest satisfaction among medication users, highest for users of non-drug solution TMS Therapy

4 months ago - GlobeNewsWire

Neuronetics Wins 2023 Bell Seal for Workplace Mental Health

The Company is recognized for its commitment to employees' well-being The Company is recognized for its commitment to employees' well-being

4 months ago - GlobeNewsWire

Neuronetics to Present at the JMP Securities Life Sciences Conference

MALVERN, Pa., May 09, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the “company” or Neuronetics”) a commercial stage medical technology company with a strategic vision of transforming th...

4 months ago - GlobeNewsWire

Neuronetics Reports Record First Quarter 2023 Financial and Operating Results

MALVERN, Pa., May 09, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the “company” or Neuronetics”) a commercial stage medical technology company with a strategic vision of transforming th...

4 months ago - GlobeNewsWire

Neuronetics Receives MDSAP Certification and CE Mark Certification under New MDR

Achievement demonstrates Company's commitment to rigorous standards for safe and effective products Achievement demonstrates Company's commitment to rigorous standards for safe and effective products

5 months ago - GlobeNewsWire

Neuronetics Showcases New NeuroStar® TMS Findings at Clinical TMS Society Annual Meeting

Data highlights the Company's commitment to advancing TMS and improving patient outcomes Data highlights the Company's commitment to advancing TMS and improving patient outcomes

5 months ago - GlobeNewsWire

NeuroStar® Expands “Tap Into Possibility” Campaign in Honor of Mental Health Awareness Month

Campaign features patients' experiences to support others with depression Campaign features patients' experiences to support others with depression

5 months ago - GlobeNewsWire

Neuronetics Announces Lisa Metzner-Rosas as SVP, Chief Marketing Officer

Strategic role strengthens NeuroStar® Advanced Therapy commercialization team Strategic role strengthens NeuroStar® Advanced Therapy commercialization team

5 months ago - GlobeNewsWire

Neuronetics Announces Expanded TMS Access through United HealthCare

MALVERN, Pa., April 28, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve t...

5 months ago - GlobeNewsWire

Neuronetics to Report First Quarter 2023 Financial and Operating Results and Host Conference Call

MALVERN, Pa., April 25, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve t...

5 months ago - GlobeNewsWire

Neuronetics Announces Continued Momentum for Expanded Health Insurance Coverage for TMS Therapy

BlueCross BlueShield of Mississippi Latest to Allow Non-Physician Practitioners to Prescribe TMS BlueCross BlueShield of Mississippi Latest to Allow Non-Physician Practitioners to Prescribe TMS

5 months ago - GlobeNewsWire

NeuroStar® Advanced Therapy Enhanced With Wi-Fi Capabilities

Fifth FDA clearance in less than two years offers greater connectivity and flexibility to improve the patient and provider experience Fifth FDA clearance in less than two years offers greater connecti...

6 months ago - GlobeNewsWire

Neuronetics Secures Up To $60 Million in New Debt Financing with SLR Capital Partners, Provides Greenbrook TMS with $6.0 Million Promissory Note

MALVERN, Pa., April 04, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company with a strategic vision of transforming the lives of patients whenever ...

6 months ago - GlobeNewsWire

NeuroStar® Advanced Therapy Receives Patient Impact Award from Life Sciences PA

Award recognizes NeuroStar for its significant contributions toward patient wellbeing Award recognizes NeuroStar for its significant contributions toward patient wellbeing

6 months ago - GlobeNewsWire