Veradigm (NASDAQ:MDRX) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Veradigm Inc. (NASDAQ:MDRX) shares have crossed above their 200-day moving average, currently trading at $4.80 with a high of $4.85 during Tuesday's session.
• Analysts have issued a "hold" rating on the stock, with an average target price set at $13.00, indicating potential room for growth despite the current trading level.
• Veradigm provides various healthcare technology solutions including electronic health records and population health management services to organizations across North America and internationally.

Shares of Veradigm Inc. (NASDAQ:MDRX - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.61 and traded as high as $4.85. Veradigm shares last traded at $4.80, with a volume of 186,613 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Veradigm in a report on Tuesday, May 20th. They issued a "hold" rating for the company. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.00.

Veradigm Price Performance

The firm has a 50 day moving average price of $4.69 and a two-hundred day moving average price of $4.61.

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.