VSee Health (NASDAQ:VSEE) Posts Quarterly Earnings Results

VSee Health (NASDAQ:VSEE) released its quarterly earnings data on Friday. The company reported ($0.05) EPS for the quarter, FiscalAI reports. The company had revenue of $3.16 million for the quarter.

VSee Health Trading Down 1.7%

Shares of NASDAQ:VSEE traded down $0.00 during trading on Friday, reaching $0.18. The stock had a trading volume of 486,126 shares, compared to its average volume of 661,434. The business has a fifty day moving average price of $0.23 and a 200-day moving average price of $0.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.51. VSee Health has a fifty-two week low of $0.17 and a fifty-two week high of $2.52.

Hedge Funds Weigh In On VSee Health

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its stake in VSee Health by 197.5% during the second quarter. Osaic Holdings Inc. now owns 45,170 shares of the company’s stock worth $52,000 after acquiring an additional 29,985 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of VSee Health in the 4th quarter valued at $25,000. Finally, HB Wealth Management LLC purchased a new position in shares of VSee Health in the third quarter valued at $368,000. Institutional investors and hedge funds own 1.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of VSee Health in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

VSee Health Company Profile

VSee Health is a telehealth technology company that develops secure, HIPAA-compliant software solutions for virtual care. The company’s flagship platform offers high-definition video visits, real-time messaging and collaboration tools designed to streamline remote consultations between patients and healthcare providers. VSee’s solutions are built to integrate with electronic health record systems and include features such as digital waiting rooms, screen sharing and file transfer capabilities.

In addition to video conferencing, VSee Health provides remote patient monitoring (RPM) tools that enable clinicians to collect biometric data, such as blood pressure, heart rate and glucose readings, from patients in their homes.