Veradigm (NASDAQ:MDRX) Shares Gap Up - Here's Why

Key Points

• Shares of Veradigm (NASDAQ:MDRX) gapped up premarket, opening at $4.60 versus the prior close of $4.40 on very light volume (479 shares).
• Wall Street Zen upgraded Veradigm to a "hold" rating on March 7.
• Veradigm, a healthcare technology company offering EHR and revenue-cycle solutions, has a market cap of $495.5M, a P/E of 23.25, and 50-/200-day moving averages of $4.55/$4.68.

Veradigm Inc. (NASDAQ:MDRX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.40, but opened at $4.60. Veradigm shares last traded at $4.60, with a volume of 479 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Veradigm to a "hold" rating in a report on Saturday, March 7th.

Veradigm Stock Performance

The company's fifty day moving average is $4.55 and its two-hundred day moving average is $4.68. The company has a market cap of $495.50 million, a price-to-earnings ratio of 23.25 and a beta of 0.56.

About Veradigm

Veradigm, Inc NASDAQ: MDRX is a healthcare technology company that provides a comprehensive suite of clinical, financial and analytical solutions to medical practices, health systems and life sciences organizations. The company's offerings are designed to streamline electronic health record (EHR) workflows, optimize revenue cycle management and improve patient engagement through integrated software modules and cloud-based platforms.

Veradigm's product portfolio includes EHR and practice management systems tailored to ambulatory and specialty care settings, as well as revenue cycle management services that encompass billing, coding and claims processing.

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