EUDA Health (NASDAQ:EUDA) Shares Up 2.8% - Here's What Happened

Key Points

• EUDA Health's stock price increased by 2.8%, reaching a last trading price of $2.59, despite a decline in trading volume to approximately 27,145 shares.
• Institutional investment is on the rise, with hedge fund XTX Topco Ltd acquiring 16,463 shares valued at around $75,000, bringing institutional ownership to 4.35% of EUDA Health's stock.
• The company's current 50-day and 200-day simple moving averages are $3.29 and $3.65 respectively, indicating a potential undervaluation compared to its recent trading price.

EUDA Health Holdings Limited (NASDAQ:EUDA - Get Free Report) shot up 2.8% during trading on Tuesday . The stock traded as high as $2.65 and last traded at $2.59. 27,145 shares traded hands during trading, a decline of 71% from the average session volume of 94,668 shares. The stock had previously closed at $2.52.

EUDA Health Stock Performance

The firm's 50 day simple moving average is $3.25 and its 200 day simple moving average is $3.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in EUDA Health stock. XTX Topco Ltd bought a new stake in shares of EUDA Health Holdings Limited (NASDAQ:EUDA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,463 shares of the company's stock, valued at approximately $75,000. XTX Topco Ltd owned 0.07% of EUDA Health at the end of the most recent quarter. Institutional investors own 4.35% of the company's stock.

EUDA Health Company Profile

EUDA Health Holdings Limited operates as a healthcare specialty company. The company operates through two segments, Medical Services and Property Management Services. It offers a range of specialty care services to patients; and operates medical facility general practice clinic that provides holistic care for various illnesses.