The Vanguard Group, Inc. has recently announced that it has increased stake in Nuwellis Inc (NASDAQ:NUWE) by 0.41%. After grabbing 24197.0 shares, the institutional investor is now in possession of 100.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.74% having worth around $15970.0. Moreover, Geode Capital Management LLC increased its share by 11311.0 to have a control over 11311.0 shares. And RBC Capital Markets LLC raised its holdings to 16.0 shares by acquiring 16.0 shares or 0.00% of the stake.
Nuwellis Inc (NUWE) concluded trading on 01/04/24 at a closing price of $0.59, with 6.57 million shares of worth about $3.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -75.25% during that period and on Thursday the price saw a loss of about -14.64%. Currently the company’s common shares owned by public are about 3.26M shares, out of which, 3.26M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 4,098 shares in 1 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Series Total Market Inde are the top 3 mutual funds which are holding stakes in Nuwellis Inc Vanguard Extended Market Index Fu is currently holding 30097.0 shares of worth totaling $19864.0. The company recently came buying 5900.0 shares which brought its stake up to 0.92% of the company’s outstanding shares. Fidelity Series Total Market Inde, after buying 599.0 shares, have now control over 0.02% of the stake in the company. It holds 0.0 shares of worth $395.0.
Nuwellis Inc (NASDAQ: NUWE) started trading at $0.6822, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.8600, or with a loss of -14.64%. Stock saw a price change of -1.01% in past 5 days and over the past one month there was a price change of 0.68%. Year-to-date (YTD), NUWE shares are showing a performance of 1.39% which decreased to -94.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.41 but also hit the highest price of $11.96 during that period. The average intraday trading volume for Nuwellis Inc shares is 595.60K. The stock is currently trading 3.16% above its 20-day simple moving average (SMA20), while that difference is down -10.11% for SMA50 and it goes to -73.32% lower than SMA200.
The Vanguard Group, Inc. acquired 24197.0 shares of Nuwellis Inc having value of about $15970.0. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 100.0 shares in the company valued at close to $59.0, or have control over 0.41% stake in the company. Nuwellis Inc (NASDAQ: NUWE) currently have 3.26M outstanding shares and institutions hold larger chunk of about 1.15% of that. Holding of mutual funds in the company is about 0.14% while other institutional holders and individual stake holders have control over 1.27% and -0.12% of the stake respectively.
The stock has a current market capitalization of $1.92M and its 3Y-monthly beta is at 0.08. It has posted earnings per share of -$16.22 in the same period. It has Quick Ratio of 2.44 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NUWE, volatility over the week remained 23.18% while standing at 18.70% over the month.
Analysts are in expectations that Nuwellis Inc (NUWE) stock would likely to be making an EPS of -$1.39 in the current quarter, while forecast for next quarter EPS is -$1.26 and it is -$3.89 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.21 which is -$0.89 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 -$5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 85.40% while it is estimated to increase by 68.03% in next year.
Analysts at 3 brokerage firms have issued recommendations for the Nuwellis Inc (NUWE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
