Market Recap: Wellgistics Health Inc (WGRX)’s Positive Momentum%, Closing at $0.72

Kiel Thompson

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

The closing price of Wellgistics Health Inc (NASDAQ: WGRX) was $0.72 for the day, up 5.59% from the previous closing price of $0.68. In other words, the price has increased by $5.59 from its previous closing price. On the day, 1.02 million shares were traded. WGRX stock price reached its highest trading level at $0.7589 during the session, while it also had its lowest trading level at $0.6784.

Ratios:

Our analysis of WGRX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.11 and its Current Ratio is at 0.32. In the meantime, Its Debt-to-Equity ratio is 27.33 whereas as Long-Term Debt/Eq ratio is at 12.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WGRX now has a Market Capitalization of 65474808 and an Enterprise Value of 77224672. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 49.95. Its current Enterprise Value per Revenue stands at 2.102 whereas that against EBITDA is -1.948.

Stock Price History:

Over the past 52 weeks, WGRX has reached a high of $7.04, while it has fallen to a 52-week low of $0.62. The 50-Day Moving Average of the stock is -33.26%, while the 200-Day Moving Average is calculated to be -66.19%.

Shares Statistics:

WGRX traded an average of 3.35M shares per day over the past three months and 1612030 shares per day over the past ten days. A total of 63.14M shares are outstanding, with a floating share count of 12.66M. Insiders hold about 86.15% of the company’s shares, while institutions hold 0.67% stake in the company. Shares short for WGRX as of 1757894400 were 635663 with a Short Ratio of 0.19, compared to 1755216000 on 495058. Therefore, it implies a Short% of Shares Outstanding of 635663 and a Short% of Float of 1.0699999999999998.

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