Enhanced Group (NYSE:ENHA) Stock Set to Reverse Split on Wednesday, October 28th

Enhanced Group (NYSE:ENHA)’s stock is scheduled to reverse split on Wednesday, October 28th. The 1-10 reverse split was announced on Monday, September 28th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 27th.

Enhanced Group Stock Performance

NYSE ENHA opened at $1.19 on Tuesday. The company’s fifty day moving average is $1.54. Enhanced Group has a 12 month low of $1.06 and a 12 month high of $14.00.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Enhanced Group from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 17th. Cantor Fitzgerald started coverage on Enhanced Group in a report on Wednesday, September 23rd. They issued an “overweight” rating and a $4.00 price target on the stock. Wall Street Zen cut shares of Enhanced Group to a “strong sell” rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised shares of Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Enhanced Group presently has a consensus rating of “Hold” and an average target price of $4.50.

About Enhanced Group

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.