Nuwellis Inc (NASDAQ:NUWE) does about 2.32M shares in volume on a normal day but saw 21744818 shares change hands in the recent trading day. The company now has a market cap of 3.94M USD. Its current market price is $2.05, marking an increase of 13.26% compared to the previous close of $1.81. The 52 week high reached by this stock is $31.15 whilst the lowest price level in 52 weeks is $1.00.
Nuwellis Inc (NUWE) has a 20-day trading average at $1.8100 and the current price is -93.42% off the 52-week high compared with 105.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5100 and its 200-day simple moving average is $7.5700. If we look at the stock’s price movements over the week, volatility stands at 26.72%, which decreases to 25.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.77 to suggest the stock is neutral.
The consensus objective for the share price is $16.00, suggesting that the stock has a potential upside of 87.19% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 29, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $17.
The current price level is 13.32%, 36.13%, and -72.93% away from its SMA20, SMA50, and SMA200 respectively, with the NUWE price moving below the 50-day SMA on current market day. Nuwellis Inc (NUWE) stock is down -27.05% over the week and 23.12% over the past month. Its price is -89.92% year-to-date and -90.24% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -54.6 below consensus estimates by -5.95. The company’s next earnings report forecasts estimating quarterly EPS at -0.59 and -26.18 for whole year. Expected sales for next quarter are $2.04M, which analysts say will come at $8.97M for the current fiscal year and next year at $10.55M. In addition, estimates put the company’s current quarterly revenue at an average of $2.56M.
To reach the target analysts have set, the stock logically needs to grow 87.19 percent from here.
The company has a return on equity of -987.45%. The beta has a value of 0.38. Price to sales ratio is 0.44.
