During the last session, Nuwellis Inc (NASDAQ:NUWE)’s traded shares were 1.13 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $1.39, reflecting an intraday loss of -12.58% or -$0.2. The 52-week high for the NUWE share is $43.75, that puts it down -3047.48 from that peak though still a striking 28.06% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $1.56M, and the average intraday trading volume over the past 10 days was 2.02 million shares, and the average trade volume was 692.07K shares over the past three months.
Nuwellis Inc (NASDAQ:NUWE) trade information
Nuwellis Inc (NUWE) registered a -12.58% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.58% in intraday trading to $1.39, hitting a weekly high. The stock’s 5-day price performance is -6.08%, and it has moved by 23.01% in 30 days. Based on these gigs, the overall price performance for the year is -96.14%. The short interest in Nuwellis Inc (NASDAQ:NUWE) is 0.18 million shares and it means that shorts have 1.06 day(s) to cover.
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Nuwellis Inc (NUWE) estimates and forecasts
Statistics show that Nuwellis Inc has outperformed its competitors in share price, compared to the industry in which it operates. Nuwellis Inc (NUWE) shares have gone down -89.75% during the last six months, with a year-to-date growth rate more than the industry average at 97.54% against 13.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 98.00% this quarter and then jump 98.90% in the quarter after that. In the rating firms’ projections, revenue will increase 1.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.36M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 2.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.41M and 2.55M respectively. In this case, analysts expect current quarter sales to shrink by -2.20% and then jump by 0.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 84.44%. While earnings are projected to return 89.47% in 2024.
NUWE Dividends
Nuwellis Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nuwellis Inc (NASDAQ:NUWE)’s Major holders
Nuwellis Inc insiders own 1.60% of total outstanding shares while institutional holders control 0.65%, with the float percentage being 0.66%.
