Renaissance Technologies LLC recently announced the acquisition of new stake in Nuwellis Inc. (NASDAQ:NUWE). The institutional investor has increased its shareholding in the Healthcare company by 8.27% to 0.18 million shares with purchase of 14000.0 shares. This fresh investment now brings its stake to 0.71% valued currently at $48548.0. In addition, Two Sigma Investments LP raised its holdings by 94758.0 to 94758.0 shares. And Two Sigma Securities LLC has lifted its position by 342.63% or 46645.0 shares – to 60259.0 shares.
With over 5.91 million Nuwellis Inc. (NUWE) shares trading Monday and a closing price of $0.11 on the day, the dollar volume was approximately $0.65 million. The shares have shown a negative half year performance of -82.31% and its price on 11/21/22 lost nearly -8.00%. Currently, there are 31.53M common shares owned by the public and among those 28.88M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for NUWE have a consensus price objective of $2.17. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $0.75. The average price target is 94.93% above its recent price level and an upside to the estimated low will see the stock gain 85.33% over that period. But an upside of 96.33% will see the stock hit the forecast high price target while median target price for the stock is $2.75.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Nuwellis Inc. are Fidelity Extended Market Index Fu, Fidelity Total Market Index Fund, and Fidelity Series Total Market Inde. Fidelity Extended Market Index Fu owns 30042.0 shares of the company’s stock, all valued at over $7961.0. Fidelity Series Total Market Inde now owns shares totaling to 0.02% of the shares outstanding.
Shares of Nuwellis Inc. (NASDAQ: NUWE) opened at $0.1136, down -$0.01 from a prior closing price of $0.12. However, the script later moved the day high at 0.1144, down -8.00%. The company’s stock has a 5-day price change of -10.83% and -83.06% over the past three months. NUWE shares are trading -90.61% year to date (YTD), with the 12-month market performance down to -93.63% lower. It has a 12-month low price of $0.10 and touched a high of $1.85 over the same period. NUWE has an average intraday trading volume of 4.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -49.58%, -72.42%, and -84.44% respectively.
Institutional ownership of Nuwellis Inc. (NASDAQ: NUWE) shares accounts for 3.60% of the company’s 31.53M shares outstanding. Mutual fund holders own 0.18%, while other institutional holders and individual stakeholders account for 3.60% and 0.04% respectively.
It has a market capitalization of $3.60M and a beta (3y monthly) value of 0.39. The earnings-per-share (ttm) stands at -$1.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.47% over the week and 13.34% over the month.
Analysts forecast that Nuwellis Inc. (NUWE) will achieve an EPS of -$0.32 for the current quarter, -$0.33 for the next quarter and -$1.1 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.42 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 73.10%, and 40.50% over the next financial year.