Wellgistics Health (NASDAQ:WGRX) Posts Quarterly Earnings Results
by Scott Moore · The Cerbat GemWellgistics Health (NASDAQ:WGRX – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.56 million for the quarter. Wellgistics Health had a negative return on equity of 1,617.25% and a negative net margin of 433.95%.
Wellgistics Health Trading Down 7.5%
WGRX stock traded down $0.01 during trading on Tuesday, hitting $0.16. The company had a trading volume of 66,289,900 shares, compared to its average volume of 17,979,943. The business has a 50-day moving average of $0.12 and a 200-day moving average of $0.33. Wellgistics Health has a one year low of $0.07 and a one year high of $3.00. The stock has a market cap of $20.39 million, a PE ratio of -0.11 and a beta of -1.17. The company has a current ratio of 0.09, a quick ratio of 0.04 and a debt-to-equity ratio of 1.86.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellgistics Health in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
Read Our Latest Stock Report on Wellgistics Health
Institutional Trading of Wellgistics Health
Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd boosted its holdings in Wellgistics Health by 195.1% in the fourth quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock valued at $42,000 after acquiring an additional 70,137 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Wellgistics Health by 81.0% in the fourth quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock valued at $195,000 after acquiring an additional 218,170 shares during the last quarter. Heights Capital Management Inc. bought a new position in shares of Wellgistics Health during the 3rd quarter worth approximately $2,588,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Wellgistics Health by 593.8% during the 3rd quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock worth $52,000 after buying an additional 50,000 shares in the last quarter.
About Wellgistics Health
Founded in 2022, Wellgistics Health is a holding company for various existing and planned strategic businesses centered around pharmaceuticals and healthcare services. As a micro health ecosystem, our portfolio of companies consists of a pharmacy, wholesale operations, and a technology division with a novel platform for hub and clinical services. We are focused on improving the lives of patients while delivering unique solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.