The stock of G Medical Innovations Holdings Ltd (NASDAQ:GMVD) decreased by -$0.01 on Friday to finish at $0.19, down -6.09 percent. The last five days have seen an average of 553,529 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$3.0978. The average number of shares traded over the last 20 days was 459,632, while the average volume over the last 50 days totaled 278,955.
GMVD stock dropped -46.45% since last month. On 08/07/23, the company’s shares reached a one-month low of $0.1620. The stock touched a high of $15.23 on 01/09/23, after rallying from a low of $0.16 in 52 weeks. The price of GMVD stock has declined by -94.36% or -$3.0978 this year, reaching a new high 3 times. Still, the stock price is down -98.78% from the 52-week high.
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Insider Transactions
GMVD stock investors should be aware that G Medical Innovations Holdings Ltd (GMVD) stock had its last reported insider trading activity 133 days ago on Apr 03. On Apr 03, 10% Owner AWM Investment Company, Inc. sold 300,000 shares at $0.73 each. This transaction resulted in the insider making $218,280. On Mar 31, AWM Investment Company, Inc. sold 437,500 shares at a price of US$1.02. After the transaction, the insider now owns 1,000,000 shares.
Financial Health
Based on annual data, it had gross profit of $0.78 million and revenue of $4.42 million.
Earnings Surprise
Net income for the quarter came in at $4.42 million, while revenues fell by -14.48% to $0.0. At the end of G Medical Innovations Holdings Ltd’s most recent quarter, its liabilities totaled 9.4 million, while its total debt was $2.09 million.
Technical Picture
Here’s a quick look at G Medical Innovations Holdings Ltd’s (GMVD) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 26.70%, suggesting the stock is oversold, with a 125.89% historical volatility rate.
The stochastic %K and %D were 14.06% and 13.92% respectively, while the average true range (ATR) was 0.0248. Based on the 14-day stochastic reading of 10.49%, the RSI (14) reading is 26.51%. On the 9-day MACD Oscillator, the stock is at -0.0049, and the 14-day reading is at -0.0325.
Analyst Ratings
Analysts have assigned G Medical Innovations Holdings Ltd (GMVD) an Buy rating. GMVD is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is GMVD’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $4.00, with a median target price of $4.00. In analyzing these forecasts, the average price target given by analysts for G Medical Innovations Holdings Ltd (GMVD) is $4.00.
