NASDAQ: NH rose from $2.64 to $2.85 on Friday when the majority of stocks were recovering. From the market opening, NH is gaining a minimum of 30% today while other healthcare stocks are slowly growing by increasing the daily volume to 8,817,641 shares approximately.
During quarter one NantHealth sold its Connected Care business which was declining in revenue. The management’s decision to empower NantHealth’s equity for funding the potential projects was vital as the net loss became normal for financial results. Any reasonable stockholder might ask, “when it is going to make earnings for the shareholders?” Internal funding adds tough stability in financials so that long term focused investors will be attracted to acquire massive numbers of shares.