The Insider Activity Of Nuwellis Inc. (NUWE) Is Worth Monitoring

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Nuwellis Inc. (NASDAQ:NUWE) traded with an addition of $3.93 to close at $13.10 on Thursday, an upside of 42.86 percent. An average of 953,360 shares of common stock have been traded in the last five days. There was a gain of $3.96 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 503,180 shares traded, while the 50-day average volume stands at 251,056.

NUWE stock has decreased by -40.45% in the last month. The company shares reached their 1-month lowest point of $6.08 on 12/28/22. With the stock rallying to its 52-week high on 08/31/22, shares of the company touched a low of $6.08 and a high of $185.00 in 52 weeks. It has reached a new high 5 times so far this year and lost -91.96% or -$101.65 in price. In spite of this, the price is down -92.92% from the 52-week high.

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Valuation Metrics

Nuwellis Inc. (NUWE) stock’s beta is 0.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 0.07.

Financial Health

The quick ratio of Nuwellis Inc. for the three months ended September 29 was 3.70, and the current ratio was 4.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $4.49 million compared to revenue of $7.92 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nuwellis Inc.’s return on assets was -70.10%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$3.87 million in the quarter, while revenues of -$4.29 million were shrunk -36.18%. The analyst consensus anticipated Nuwellis Inc.’s latest quarter earnings to come in at -$32 per share, but it turned out to be -$37, a -15.60% surprise. For the quarter, EBITDA amounted to -$3.83 million. Shareholders own equity worth $0.32 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nuwellis Inc. (NUWE) price momentum. RSI 9-day as of the close on 28 December was 59.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 262.62%.

As of today, NUWE’s price is $8.78 +47.20% or $3.96 from its 5-day moving average. NUWE is currently trading -13.03% lower than its 20-day SMA and -82.65% lower than its 100-day SMA. However, the stock’s current price level is -55.45% below the SMA50 and -85.97% below the SMA200.

The stochastic %K and %D were 30.38% and 14.92%, respectively, and the average true range (ATR) was 2.87. With the 14-day stochastic at 59.94% and the average true range at 2.89, the RSI (14) stands at 50.08%. The stock has reached 0.42 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.

Analyst Ratings

The consensus rating for Nuwellis Inc. (NUWE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NUWE, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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