In the latest trading session, 1.2 million Nuwellis Inc (NASDAQ:NUWE) shares changed hands as the company’s beta touched 0.45. With the company’s most recent per share price at $1.92 changing hands around $0.44 or 29.73% at last look, the market valuation stands at $2.15M. NUWE’s current price is a discount, trading about -2178.65% off its 52-week high of $43.75. The share price had its 52-week low at $1.00, which suggests the last value was 47.92% up since then. When we look at Nuwellis Inc’s average trading volume, we note the 10-day average is 2.0 million shares, with the 3-month average coming to 744.70K.
Nuwellis Inc (NASDAQ:NUWE) trade information
Instantly NUWE is in green as seen in intraday trades today. With action 38.13%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -90.56%, with the 5-day performance at 38.13% in the green. However, in the 30-day time frame, Nuwellis Inc (NASDAQ:NUWE) is 52.38% up. Looking at the short shares, we see there were 0.18 million shares sold at short interest cover period of 1.06 days.
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Nuwellis Inc (NUWE) estimates and forecasts
Data shows that the Nuwellis Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -83.58% over the past 6 months, a 97.54% in annual growth rate that is considerably higher than the industry average of 13.70%. Year-over-year growth is forecast to reach 1.20% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 2.36M. 2 analysts are of the opinion that Nuwellis Inc’s revenue for the current quarter will be 2.56M. The company’s revenue for the corresponding quarters a year ago was 2.41M and 2.55M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.20%. The estimates for the next quarter sales put growth at 0.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 84.44%. The 2024 estimates are for Nuwellis Inc earnings to increase by 89.47%.
NUWE Dividends
Nuwellis Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Nuwellis Inc (NASDAQ:NUWE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.60% of Nuwellis Inc shares while 0.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.66%.
Among Mutual Funds, the top two as of Aug 31, 2024 were Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. With 2.93 shares estimated at $5477.0 under it, the former controlled 0.16% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.08% of the shares, roughly 1.43 shares worth around $2668.0.
