Nuwellis Inc (NUWE) stock forecast: Can it reach its 52-week high of $31.15

At the time of writing, Nuwellis Inc [NUWE] stock is trading at $2.81, up 106.62%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NUWE shares have gain 35.10% over the last week, with a monthly amount glided 112.88%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Nuwellis Inc [NASDAQ: NUWE] stock has seen the most recent analyst activity on July 29, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $17.

For the past year, the stock price of Nuwellis Inc fluctuated between $1.00 and $31.15. Nuwellis Inc [NASDAQ: NUWE] shares were valued at $2.81 at the most recent close of the market.

Analyzing the NUWE fundamentals

According to Nuwellis Inc [NASDAQ:NUWE], the company’s sales were 9.01M for trailing twelve months, which represents an 5.73% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -1.53%, Pretax Profit Margin comes in at -2.32%, and Net Profit Margin reading is -2.26%. To continue investigating profitability, this company’s Return on Assets is posted at -3.3, Equity is -16.72 and Total Capital is -6.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.1.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8500 points at the first support level, and at 0.8900 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.9800, and for the 2nd resistance point, it is at 5.1500.

Ratios To Look Out For

It is important to note that Nuwellis Inc [NASDAQ:NUWE] has a current ratio of 1.20. In addition, the Quick Ratio stands at 0.71 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.46.

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