Nuwellis Inc (NASDAQ:NUWE) traded at $0.17 at close of the session on Friday, April 26, made a downward move of -41.94% on its previous day’s price.
Looking at the stock we see that its previous close was $0.29 . In terms of its 52-week price range, NUWE has a high of $5.73 and a low of $0.24. The company’s stock has lost about -57.39% over that past 30 days.
Nuwellis Inc has a market cap of $1.14 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.93, with the EPS growth for the year raised at -$2.68 for 2024 and -$1.48 for next year. These figures represent 74.00% and 44.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.12 million, with a low of $2 million and a high of $2.24 million. The median projection represents growth squeezing down to 16.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $10.41 million, or 17.40% up from figures reported last year.
On the other hand, looking at the outlook for the NUWE stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -50.83% off its SMA20 and -62.30% from its 50-day simple moving average. The RSI (14) is pointing at 29.29 while the volatility over the past week is 34.48% and jumps to 16.24% over the past one month. The beta value is 0.26, while the average true range (ATR) is currently pointing at 0.06.
Coming back to Nuwellis Inc (NASDAQ:NUWE), we note that the average 3-month trading volume was 1.28 million. Current shares outstanding are 6.80 million.
The insiders hold 0.07% of the company’s shares while institutions hold 3.13%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -71.11% down in year-to-date price movement.
