EUDA Health (NASDAQ:EUDA) Shares Set to Reverse Split on Monday, March 23rd

EUDA Health Holdings Limited (NASDAQ:EUDA) shares are set to reverse split on Monday, March 23rd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 22nd.

EUDA Health Trading Down 15.2%

Shares of NASDAQ EUDA traded down $0.07 during mid-day trading on Thursday, hitting $0.40. The company had a trading volume of 472,240 shares, compared to its average volume of 149,615. EUDA Health has a 1 year low of $0.36 and a 1 year high of $4.30. The company has a market capitalization of $15.07 million, a price-to-earnings ratio of -3.32 and a beta of -0.11. The stock’s 50-day moving average price is $1.11 and its 200-day moving average price is $1.93.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EUDA shares. Greenridge Global decreased their price target on EUDA Health from $6.00 to $2.75 and set a “buy” rating on the stock in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of EUDA Health in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, EUDA Health currently has a consensus rating of “Hold” and an average price target of $2.75.

Institutional Trading of EUDA Health

An institutional investor recently bought a new position in EUDA Health stock. Jane Street Group LLC purchased a new stake in shares of EUDA Health Holdings Limited (NASDAQ:EUDA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,675 shares of the company’s stock, valued at approximately $59,000. Jane Street Group LLC owned about 0.07% of EUDA Health at the end of the most recent reporting period. 4.35% of the stock is owned by hedge funds and other institutional investors.

EUDA Health Company Profile

EUDA Health, Inc (NASDAQ:EUDA) is a healthcare technology company focused on the development and commercialization of digital health solutions and energy-based medical devices for women’s intimate health. The company’s platform combines non-invasive treatment devices with software-driven patient monitoring and analytics to support pelvic floor function, address stress urinary incontinence and enhance vaginal tissue health.

EUDA Health’s core product offerings utilize low-intensity radiofrequency energy delivered through proprietary handpieces to promote tissue remodeling and muscle activation.