Veradigm (NASDAQ:MDRX) Hits New 52-Week Low - Time to Sell?

Key Points

• Veradigm Inc. (NASDAQ:MDRX) shares have reached a new 52-week low, trading as low as $3.00 before recently closing at $4.90.
• Wall Street Zen has initiated coverage with a "hold" rating, and the stock currently has an average price target of $13.00.
• The company's stock performance includes a 50-day moving average of $4.69 and a 200-day moving average of $4.60.

Veradigm Inc. (NASDAQ:MDRX - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.00 and last traded at $4.90, with a volume of 5643 shares changing hands. The stock had previously closed at $4.85.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Veradigm in a research report on Tuesday, May 20th. They set a "hold" rating on the stock. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Veradigm has an average rating of "Hold" and a consensus price target of $13.00.

Veradigm Price Performance

The company has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $4.60.

About Veradigm

Veradigm Inc, a healthcare technology company, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.