NantHealth’s (NASDAQ: NH) Balance Sheet Strengthened After Sale of Connected Care, says COO

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.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life