Eargo, Inc. (NASDAQ:EAR – Get Rating)’s stock is scheduled to reverse split before the market opens on Wednesday, January 18th. The 1-20 reverse split was announced on Wednesday, January 18th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, January 18th.
Eargo Stock Down 1.2 %
EAR opened at $0.56 on Friday. The business has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.96. Eargo has a 52 week low of $0.48 and a 52 week high of $5.84.
Eargo (NASDAQ:EAR – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.70). Eargo had a negative return on equity of 722.21% and a negative net margin of 462.95%. The business had revenue of $7.91 million for the quarter, compared to analyst estimates of $7.10 million. As a group, equities analysts expect that Eargo will post -3.22 EPS for the current fiscal year.
Hedge Funds Weigh In On Eargo
Eargo, Inc, a medical device company, engages in enhancing the quality of life of people with hearing loss in the United States. The company markets and sells hearing aids. It sells its products direct-to-consumer and through omni-channel. The company was formerly known as Aria Innovations, Inc and changed its name to Eargo, Inc in November 2014.
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