Nuwellis Inc (NASDAQ:NUWE) price on Thursday, May 09,rose 5.58% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.27.
A look at the stock’s price movement, the close in the last trading session was $0.26. Turning to its 52-week performance, $4.45 and $0.12 were the 52-week high and 52-week low respectively. Overall, NUWE moved -27.83% over the past month.
Nuwellis Inc’s market cap currently stands at around $1.87 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NUWE is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
NUWE’s current price about 7.60% and -25.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.57, while 7-day volatility ratio is 32.66% and 27.96% in the 30-day chart. Further, Nuwellis Inc (NUWE) has a beta value of 0.40, and an average true range (ATR) of 0.07.
If we refocus on Nuwellis Inc (NASDAQ:NUWE), historical trading data shows that trading volumes averaged 5.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 6.80 million shares.
The 0.07% of Nuwellis Inc’s shares are in the hands of company insiders while institutional holders own 18.64% of the company’s shares. Current price change has pushed the stock -52.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NUWE stock continues to rise going into the next quarter.