EUDA Health (NASDAQ:EUDA) Shares Break Above 200-Day Moving Average – What’s Next?

EUDA Health Holdings Limited (NASDAQ:EUDA)’s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.68 and traded as high as $18.00. EUDA Health shares last traded at $17.70, with a volume of 35,612 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of EUDA Health to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings restated a “sell (e+)” rating on shares of EUDA Health in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.00.

EUDA Health Price Performance

The business has a 50-day moving average price of $15.56 and a 200 day moving average price of $15.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 2.53.

EUDA Health (NASDAQ:EUDA) last posted its quarterly earnings data on Tuesday, September 29th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.57). The company had revenue of $1.73 million for the quarter, compared to analysts’ expectations of $9.61 million.

EUDA Health Company Profile

EUDA Health Limited (NASDAQ: EUDA) is a digital health company focused on improving access to healthcare through technology-enabled services. The company’s activities center on virtual care and healthcare platforms designed to connect patients with providers and support the delivery of convenient, digitally enabled medical services.

EUDA Health’s offerings include telehealth and other digital healthcare solutions, with an emphasis on behavioral and mental health services. Its platforms are intended to help patients access care remotely while supporting healthcare professionals with tools for communicating with and managing patients.

The company serves users primarily through digital channels and has focused its commercial activities on the U.S.