Vsee Health (NASDAQ:VSEE) Trading 5.1% Higher – Here’s Why

Vsee Health, Inc. (NASDAQ:VSEE)’s share price shot up 5.1% during mid-day trading on Friday . The stock traded as high as $1.28 and last traded at $1.24. 89,409 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,050,354 shares. The stock had previously closed at $1.18.

Analyst Ratings Changes

Separately, Maxim Group began coverage on Vsee Health in a research note on Monday, February 24th. They issued a “buy” rating and a $5.00 price target for the company.

Vsee Health Stock Up 5.1%

The company’s fifty day moving average is $1.17 and its 200-day moving average is $1.39. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.16.

Institutional Trading of Vsee Health

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Vsee Health by 56.0% in the fourth quarter. Geode Capital Management LLC now owns 67,549 shares of the company’s stock valued at $92,000 after acquiring an additional 24,245 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Vsee Health in the fourth quarter valued at approximately $25,000. HB Wealth Management LLC acquired a new position in Vsee Health in the first quarter valued at approximately $723,000. Finally, XTX Topco Ltd acquired a new position in shares of Vsee Health during the 1st quarter worth approximately $34,000. 1.01% of the stock is currently owned by institutional investors.

About Vsee Health

VSee Health, Inc is a no-code or low-code software as a service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. It engages in providing timely, quality healthcare to patients regardless of geographical barriers. The company is headquartered in Boca Raton, FL.