An Analysis Of Nuzee Inc (NASDAQ: NUZE), And Its Business Forecast

In today’s recent session, 0.98 million shares of the Nuzee Inc (NASDAQ:NUZE) were traded. Most recently the company’s share price was $3.03, and it changed around $0.13 or 4.48% from the last close, which brings the market valuation of the company to $7.24M. NUZE at last check was trading at a discount to its 52-week high of $12.39, offering almost -308.91% off that amount. The share price’s 52-week low was $1.01, which indicates that the recent value has risen by an impressive 66.67% since then. We note from Nuzee Inc’s average daily trading volume that its 10-day average is 19.25 million shares, with the 3-month average coming to 3.57 million.

Nuzee Inc (NASDAQ:NUZE) trade information

Instantly NUZE has been showing a green trend so far today with a performance of 4.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.74 on recent trading dayincreased the stock’s daily price by 47.21%. The company’s shares are currently up 19.29% year-to-date, but still down -49.33% over the last five days. On the other hand, Nuzee Inc (NASDAQ:NUZE) is 113.38% up in the 30-day period. We can see from the shorts that 12237.0 shares have been sold at a short interest cover period of 1.53 day(s).

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Nuzee Inc (NUZE) estimates and forecasts

The year-over-year growth rate is expected to be 97.10%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.6M in revenue for the current quarter. 1 analysts expect Nuzee Inc to make 2.4M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 600k and 783k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 166.70%. Forecasts for the next quarter put sales growth at 206.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -3.14%.

NUZE Dividends

Nuzee Inc’s next quarterly earnings report is expected to be released on 2024-Aug-11.

Nuzee Inc (NASDAQ:NUZE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 72.03% of Nuzee Inc shares, and 0.80% of them are in the hands of institutional investors. The stock currently has a share float of 2.85%.