Nuwellis Inc [NASDAQ: NUWE] gained 18.33% or 0.44 points to close at $2.84 with a heavy trading volume of 7615172 shares.
The daily chart for NUWE points out that the company has recorded -83.31% loss over the past six months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If we look at the average trading volume of 276.61K shares, NUWE reached to a volume of 7615172 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Nuwellis Inc [NUWE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUWE shares is $17.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NUWE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Nuwellis Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 29, 2024.
The Average True Range (ATR) for Nuwellis Inc is set at 0.84, with the Price to Sales ratio for NUWE stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 7.37.
Trading performance analysis for NUWE stock
Nuwellis Inc [NUWE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.85. With this latest performance, NUWE shares dropped by -33.05% in over the last four-week period, additionally sinking by -83.31% over the last 6 months – not to mention a drop of -96.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NUWE stock in for the last two-week period is set at 34.78, with the RSI for the last a single of trading hit 34.71, and the three-weeks RSI is set at 35.98 for Nuwellis Inc [NUWE]. The present Moving Average for the last 50 days of trading for this stock 6.20, while it was recorded at 2.88 for the last single week of trading, and 15.53 for the last 200 days.
Nuwellis Inc [NUWE]: A deeper dive into fundamental analysis
Nuwellis Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.71 and a Current Ratio set at 1.20.
An analysis of Institutional ownership at Nuwellis Inc [NUWE]
The top three institutional holders of NUWE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NUWE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NUWE stock with ownership which is approximately 5.1238%.
