EUDA Health (NASDAQ:EUDA) Stock Breaks Above 200 Day Moving Average – Time to Sell?

EUDA Health Holdings Limited (NASDAQ:EUDA) 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 changing hands.

Wall Street Analyst Weigh In

EUDA has been the subject of a number of research reports. Wall Street Zen raised EUDA Health to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of EUDA Health in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.00.

EUDA Health Stock Up 14.2%

The company has a fifty day moving average of $15.56 and a two-hundred day moving average 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 released its quarterly earnings results on Tuesday, September 29th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.57). The company had revenue of $1.73 million for the quarter, compared to analyst estimates of $9.61 million.

About EUDA Health

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.