As of Wednesday close, G Medical Innovations Holdings Ltd’s (NASDAQ:GMVD) stock was down -$0.03, moving down -13.62 percent to $0.19. The average number of shares traded per day over the past five days has been 8,517,880 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.0034 fall in that time frame. In the last twenty days, the average volume was 2,459,975, while in the previous 50 days, it was 1,082,824.
Since last month, GMVD stock retreated -44.42%. Shares of the company fell to $0.1620 on 08/07/23, the lowest level in the past month. A 52-week high of $15.23 was reached on 01/09/23 after having rallying from a 52-week low of $0.16. Since the beginning of this year, GMVD’s stock price has dropped by -94.22% or -$3.0904, and marked a new high 3 times. However, the stock has declined by -98.75% since its 52-week high.
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Sponsored
GMVD stock investors should be aware that G Medical Innovations Holdings Ltd (GMVD) stock had its last reported insider trading activity 136 days ago on Apr 03. AWM Investment Company, Inc., the 10% Owner of the company, disposed of 300,000 shares for $0.73 on Apr 03. It resulted in a $218,280 divestment by the insider. AWM Investment Company, Inc. sold 437,500 shares at an average price of $1.02 on Mar 31. The insider now owns 1,000,000 shares following the transaction.
Financial Health
Based on annual data, GMVD earned $0.78 million in gross profit and brought in $4.42 million in revenue.
GMVD’s revenue fell -14.48% during the quarter, while net income inched up to $4.42 million. The liabilities of G Medical Innovations Holdings Ltd were 9.4 million at the end of its most recent quarter, and its total debt was $2.09 million.
Technical Picture
This quick technical analysis looks at G Medical Innovations Holdings Ltd’s (GMVD) price momentum. With a historical volatility rate of 178.24%, the RSI 9-day stood at 36.98% on 16 August.
With respect to its five-day moving average, the current G Medical Innovations Holdings Ltd price is down by -1.76% percent or -$0.0034. At present, GMVD shares trade -45.80% below its 20-day simple moving average and -88.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -48.72% below its SMA50 and -97.07% below its SMA200.
Stochastic coefficient K was 17.49% and Stochastic coefficient D was 16.85%, while ATR was 0.0434. Given the Stochastic reading of 13.63% for the 14-day period, the RSI (14) reading has been calculated as 34.25%.
Analyst Ratings
G Medical Innovations Holdings Ltd (GMVD) has been rated Buy by analysts. According to 0 brokerage firms, GMVD is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate G Medical Innovations Holdings Ltd stock as buy, with 1 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $4.00. Based on these forecasts, analysts predict G Medical Innovations Holdings Ltd (GMVD) will achieve an average price target of $4.00.
