Nuwellis Inc (NASDAQ: NUWE) In 2024: Will It Be Worth Investing In?

In the last trading session, 7.23 million shares of the Nuwellis Inc (NASDAQ:NUWE) were traded, and its beta was 0.22. Most recently the company’s share price was $0.33, and it changed around $0.07 or 29.96% from the last close, which brings the market valuation of the company to $2.27M. NUWE currently trades at a discount to its 52-week high of $5.73, offering almost -1636.36% off that amount. The share price’s 52-week low was $0.24, which indicates that the current value has risen by an impressive 27.27% since then. We note from Nuwellis Inc’s average daily trading volume that its 3-month average coming to 567.56K.

Nuwellis Inc (NASDAQ:NUWE) trade information

Instantly NUWE has showed a green trend with a performance of 29.96% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -42.50% year-to-date, but still down -9.29% over the last five days. On the other hand, Nuwellis Inc (NASDAQ:NUWE) is -22.69% down in the 30-day period.

Nuwellis Inc (NUWE) estimates and forecasts

Nuwellis Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -68.19 percent over the past six months and at a 80.12% annual growth rate that is well above the industry average of 14.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 83.90% in revenue this quarter, and will report an increase of 80.00% in the next quarter. The year-over-year growth rate is expected to be 17.40%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $2.12 million in revenue for the current quarter. 2 analysts expect Nuwellis Inc to make $2.44 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.83 million and $2.08 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.10%. Forecasts for the next quarter put sales growth at 17.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 84.44%.