Growing Through Challenges? – CHF Solutions Inc. (CHFS)


    Heights Capital Management, Inc. recently announced the acquisition of new stake in CHF Solutions Inc. (NASDAQ:CHFS). The institutional investor has increased its shareholding in the Healthcare company by 25,222.54% to 6.67 million shares with purchase of 6.64 million shares. This fresh investment now brings its stake to 8.72% valued currently at $5.66 million. In addition, Empery Asset Management LP raised its holdings by 0.82 million to 0.84 million shares.

    With over 6.28 million CHF Solutions Inc. (CHFS) shares trading Friday and a closing price of $0.37 on the day, the dollar volume was approximately $2.32 million. The shares have shown a negative weekly performance of -19.78% and its price on 08/28/20 gained nearly 1.93%. Currently, there are 37.92M common shares owned by the public and among those 36.14M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for CHFS have a consensus price objective of $1.65. The analysts have set the share’s price value over the next 12 months at a high of $1.80 and a low of $1.50 should the stock experience a downside. Incidentally, analysts’ outlook for the CHF Solutions Inc. stock is 1.00 for the next 12 months. But an upside of 79.44% will see the stock hit the forecast high price target while mean target price for the stock is $1.65.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    Vanguard Extended Market Index Fu owns 0.3 million shares of the company’s stock, all valued at over $0.26 million.

    Shares of CHF Solutions Inc. (NASDAQ: CHFS) opened at $0.355, down -$0.01 from a prior closing price of $0.36. However, the script later closed the day at $0.37, up 1.93%. The company’s stock has a 5-day price change of -19.78% and 1.93% over the past three months. CHFS shares are trading -57.15% year to date (YTD), with the 12-month market performance down to -85.81% lower. It has a 12-month low price of $0.30 and touched a high of $2.92 over the same period. Currently, 6.28 million shares have been traded, compared to an average intraday trading volume of 12.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -38.57%, -38.17%, and -34.05% respectively.

    Institutional ownership of CHF Solutions Inc. (NASDAQ: CHFS) shares accounts for 3.00% of the company’s 37.92M shares outstanding. Mutual fund holders own 0.41%, while other institutional holders and individual stakeholders account for 11.06% and 0.02% respectively.

    It has a market capitalization of $26.20M and a beta (3y monthly) value of 1.59. The earnings-per-share (ttm) stands at -$4.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.56% over the week and 13.46% over the month.

    Analysts forecast that CHF Solutions Inc. (CHFS) will achieve an EPS of -$1.26 for the current quarter, -$0.56 for the next quarter and -$1.73 for 2018. The lowest estimate earnings-per-share for the quarter is -$1.26 while analysts give the company a high EPS estimate of -$1.26. Comparatively, EPS for the current quarter was -$138 a year ago. Earnings per share for the fiscal year are expected to increase by 77.90%, and 42.90% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate CHF Solutions Inc. (CHFS) as a “Strong Buy” at a consensus score of 1.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”


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