Wellgistics Health, Inc.'s Lock-Up Period Set To End on August 20th (NASDAQ:WGRX)

Key Points

• The lock-up period for Wellgistics Health, Inc. (NASDAQ:WGRX) is set to expire on August 20th, allowing major shareholders to sell their shares.
• Wellgistics Health's stock opened at $0.71 and has experienced a fifty-two week range between $0.70 and $7.04.
• Wall Street Zen downgraded Wellgistics Health from a "hold" to a "sell" rating on July 26th.

Wellgistics Health's (NASDAQ:WGRX - Get Free Report) lock-up period will expire on Wednesday, August 20th. Wellgistics Health had issued 888,889 shares in its initial public offering on February 21st. The total size of the offering was $4,000,001 based on an initial share price of $4.50. After the end of Wellgistics Health's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Wellgistics Health from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

Wellgistics Health Stock Down 7.0%

Shares of Wellgistics Health stock traded down $0.05 on Friday, reaching $0.62. 130,050 shares of the company were exchanged, compared to its average volume of 2,322,165. The business has a fifty day simple moving average of $0.94. The company has a quick ratio of 0.15, a current ratio of 0.36 and a debt-to-equity ratio of 1.43. Wellgistics Health has a fifty-two week low of $0.62 and a fifty-two week high of $7.04.

About Wellgistics Health

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.