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

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 closing bell on Tuesday, October 27th.

Enhanced Group Stock Performance

Enhanced Group stock opened at $1.28 on Friday. The business’s fifty day moving average is $1.60. Enhanced Group has a one year low of $1.06 and a one year high of $14.00.

Analyst Upgrades and Downgrades

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