Market Update: Wellgistics Health Inc (WGRX) Sees Positive Movement%, Closing at $0.51

Kiel Thompson

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

In the latest session, Wellgistics Health Inc (NASDAQ: WGRX) closed at $0.51 up 2.26% from its previous closing price of $0.5. In other words, the price has increased by $2.26 from its previous closing price. On the day, 0.57 million shares were traded. WGRX stock price reached its highest trading level at $0.5382 during the session, while it also had its lowest trading level at $0.497.

Ratios:

For a deeper understanding of Wellgistics Health Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.39. In the meantime, Its Debt-to-Equity ratio is 3.86 whereas as Long-Term Debt/Eq ratio is at 1.96.

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 52223240 and an Enterprise Value of 73056072. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 6.75. Its current Enterprise Value per Revenue stands at 2.144 whereas that against EBITDA is -1.057.

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 $0.34. The 50-Day Moving Average of the stock is -30.57%, while the 200-Day Moving Average is calculated to be -72.26%.

Shares Statistics:

For the past three months, WGRX has traded an average of 14.42M shares per day and 1527300 over the past ten days. A total of 89.45M shares are outstanding, with a floating share count of 39.38M. Insiders hold about 56.11% of the company’s shares, while institutions hold 4.89% stake in the company. Shares short for WGRX as of 1761868800 were 4410109 with a Short Ratio of 0.31, compared to 1759190400 on 1271988. Therefore, it implies a Short% of Shares Outstanding of 4410109 and a Short% of Float of 7.0700005.

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