CHF Solutions Inc. (NASDAQ: CHFS): Reassessing Prospects


    Empery Asset Management LP has recently announced that it has increased stake in CHF Solutions Inc. (NASDAQ:CHFS) by 3,098.24%. After grabbing 0.84 million shares, the institutional investor is now in possession of 0.82 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 2.18% having worth around $0.71 million. Moreover, The Vanguard Group, Inc. increased its share by 0.29 million to have a control over 0.3 million shares. And First Wilshire Securities Managem.. raised its holdings to 0.2 million shares by acquiring 0.2 million shares or 0.52% of the stake.

    CHF Solutions Inc. (CHFS) concluded trading on 08/26/20 at a closing price of $0.36, with 18.31 million shares of worth about $6.59 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -32.91% during that period and on Wednesday the price saw a loss of about -3.23%. Currently the company’s common shares owned by public are about 45.10M shares, out of which, 40.05M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the CHFS stock and their offered price forecasts bring an average price target of $1.65. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.80 and could fall to a lowest price of $1.50. Analysts also issued an outlook of 1.00 for the CHF Solutions Inc. stock for next 12 months. However, touching the estimated high of $1.80 would mean a gain of 80.0% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

    The company recently came buying 0.0 shares which brought its stake up to 0.78% of the company’s outstanding shares.

    CHF Solutions Inc. (NASDAQ: CHFS) started trading at $0.377, above $0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.36, or with a loss of -3.23%. Stock saw a price change of -32.91% in past 5 days and over the past one month there was a price change of -54.97%. Year-to-date (YTD), CHFS shares are showing a performance of -58.20% which decreased to -85.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.30 but also hit the highest price of $2.92 during that period. While comparing its average daily trading volume of 12.32 million shares, we see that about 18.31 million changed hands on the day. The stock is currently trading -44.03% below its 20-day simple moving average (SMA20), while that difference is down -40.14% for SMA50 and it goes to -36.10% lower than SMA200.

    Empery Asset Management LP acquired 0.84 million shares of CHF Solutions Inc. having value of about $0.71 million. Data submitted at the U.S SEC by Empery Asset Management LP revealed that the firm now holds 0.82 million shares in the company valued at close to $293642.28, or have control over 3,098.24% stake in the company. CHF Solutions Inc. (NASDAQ: CHFS) currently have 45.10M outstanding shares and institutions hold larger chunk of about 4.90% of that. Holding of mutual funds in the company is about 0.81% while other institutional holders and individual stake holders have control over 3.61% and 0.03% of the stake respectively.

    The stock has a current market capitalization of $28.02M and its 3Y-monthly beta is at 1.80. It has posted earnings per share of -$4.43 in the same period. It has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHFS, volatility over the week remained 13.51% while standing at 13.35% over the month.

    Analysts are in expectations that CHF Solutions Inc. (CHFS) stock would likely to be making an EPS of -$1.26 in the current quarter, while forecast for next quarter ESPS is -$0.56 and it is -$1.73 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.26 which is -$1.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$138 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.90% while it is estimated to increase by 42.90% in next year.

    Analysts at 2 brokerage firms have issued recommendations for the CHF Solutions Inc. (CHFS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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