NEPH Stock Summary and Trading Ideas (Nephros | NASDAQ:NEPH)

Nephros Inc is a commercial-stage company that develops and sells high-performance water solutions to the medical and commercial markets. In medical markets, it sells water filtration products and waterborne pathogen detection products. In commercial markets, the company manufactures and sells water filters that improve the taste and odor of water and reduce biofilm, bacteria, and scale build-up in downstream equipment. The company's subsidiary is engaged in the development of its second-generation hemodiafiltration system and other products focused on improving therapies for patients with renal disease.

Nephros trades on the NASDAQ stock market under the symbol NEPH.

As of April 25, 2024, NEPH stock price was flat at $2.19 with 476 million shares trading.

NEPH has a beta of 1.24, meaning it tends to be more sensitive to market movements. NEPH has a correlation of 0.04 to the broad based SPY ETF.

NEPH has a market cap of $23.09 million. This is considered a Sub-Micro Cap stock.

Last quarter Nephros reported $3 million in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-510,000 and missed earnings estimates by -$.04.

In the last 3 years, NEPH stock traded as high as $11.67 and as low as $.91.

The top ETF exchange traded funds that NEPH belongs to (by Net Assets): VTI, VXF, DCOR, DFSU.

NEPH has outperformed the market in the last year with a price return of +55.3% while the SPY ETF gained +23.6%. However, in the short term, NEPH had mixed performance relative to the market. It has underperformed in the last 3 months, returning -38.3% vs +4.1% return in SPY. But in the last 2 weeks, NEPH shares have fared better than the market returning +3.3% compared to SPY -2.1%.

NEPH support price is $2.07 and resistance is $2.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NEPH stock will trade within this expected range on the day.