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Weiss Ratings Reaffirms "Sell (E)" Rating for Wellgistics Health (NASDAQ:WGRX)

Wellgistics Health logo with Medical background

Key Points

  • Weiss Ratings has reaffirmed a "Sell (E)" rating for Wellgistics Health (NASDAQ:WGRX), indicating analyst concern regarding the company's performance.
  • Wellgistics Health's stock price recently fell 2.7% to $0.70, with significant trading volume below its average, reflecting investor caution.
  • The company reported a loss of $0.11 EPS along with $7.79 million in revenue for the last quarter, highlighting ongoing financial challenges.
  • Five stocks to consider instead of Wellgistics Health.

Wellgistics Health (NASDAQ:WGRX - Get Free Report)'s stock had its "sell (e)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut Wellgistics Health from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wellgistics Health has a consensus rating of "Sell".

Check Out Our Latest Stock Analysis on Wellgistics Health

Wellgistics Health Stock Down 2.7%

Shares of NASDAQ WGRX traded down $0.02 during trading hours on Wednesday, hitting $0.70. The company's stock had a trading volume of 381,631 shares, compared to its average volume of 1,552,290. The company has a debt-to-equity ratio of 11.16, a current ratio of 0.32 and a quick ratio of 0.11. Wellgistics Health has a 12 month low of $0.62 and a 12 month high of $7.04. The stock has a 50-day moving average price of $1.07.

Wellgistics Health (NASDAQ:WGRX - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $7.79 million during the quarter.

Wellgistics Health Company Profile

(Get Free Report)

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.

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