Nuwellis Inc (NASDAQ:NUWE) does about 78.98K shares in volume on a normal day but saw 1980190 shares change hands in the recent trading day. The company now has a market cap of 1.76M USD. Its current market price is $0.40, marking a decrease of -34.19% compared to the previous close of $0.61. The 52 week high reached by this stock is $8.40 whilst the lowest price level in 52 weeks is $0.60.
The consensus objective for the share price is $11.00, suggesting that the stock has a potential upside of 96.36% 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 -53.93%, -55.72%, and -67.32% away from its SMA20, SMA50, and SMA200 respectively, with the NUWE price moving above the 50-day SMA on current market day. Nuwellis Inc (NUWE) stock is down -53.13% over the week and -57.12% over the past month. Its price is -63.68% year-to-date and -95.18% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $2.5M, which analysts say will come at $9.13M for the current fiscal year and next year at $13.84M. In addition, estimates put the company’s current quarterly revenue at an average of $2.2M.
To reach the target analysts have set, the stock logically needs to grow 96.36 percent from here.
Outstanding shares total 4.37M with insiders holding 0.03% of the shares and institutional holders owning 3.16% of the company’s common stock. The company has a return on investment of -257.06% and return on equity of -440.77%. The beta has a value of 0.47. Price to book ratio is 0.49 and price to sales ratio is 0.20.
