In the last trading session, 2.78 million shares of the Nuwellis Inc (NASDAQ:NUWE) were traded, and its beta was 0.37. Most recently the company’s share price was $1.80, and it changed around $0.02 or 1.12% from the last close, which brings the market valuation of the company to $7.96M. NUWE currently trades at a discount to its 52-week high of $31.15, offering almost -1630.56% off that amount. The share price’s 52-week low was $1.00, which indicates that the current value has risen by an impressive 44.44% since then. We note from Nuwellis Inc’s average daily trading volume that its 10-day average is 13.55 million shares, with the 3-month average coming to 2.67 million.
Nuwellis Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended NUWE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Nuwellis Inc is expected to report earnings per share of -0.43 for the current quarter.
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Nuwellis Inc (NASDAQ:NUWE) trade information
Instantly NUWE has showed a green trend with a performance of 1.12% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.5700 on recent trading dayincreased the stock’s daily price by 29.96%. The company’s shares are currently down -91.15% year-to-date, but still down -0.55% over the last five days. On the other hand, Nuwellis Inc (NASDAQ:NUWE) is 20.81% up in the 30-day period. We can see from the shorts that 0.32 million shares have been sold at a short interest cover period of 0.26 day(s).
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 -80.14 percent over the past six months and at a 97.54% annual growth rate that is well above the industry average of 15.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 99.45% in revenue this quarter, and will report an increase of 96.74% in the next quarter. The year-over-year growth rate is expected to be 0.17%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 2.46M in revenue for the current quarter. 2 analysts expect Nuwellis Inc to make 2.35M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.55M and 1.86M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.51%. Forecasts for the next quarter put sales growth at 26.36%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 84.44%.
NUWE Dividends
Nuwellis Inc’s next quarterly earnings report is expected to be released in December.
Nuwellis Inc (NASDAQ:NUWE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.60% of Nuwellis Inc shares, and 1.46% of them are in the hands of institutional investors. The stock currently has a share float of 1.48%.
