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ONTARIO, CA—In a recent transaction, Prasad Anjaneya Jeereddi, CEO and Director of Elite Health Systems Inc. (USNU), acquired 3,000 shares of the company’s common stock. The purchase, made on May 1, 2025, was executed at a price of $0.75 per share, totaling $2,250. The acquisition comes amid a notable 17% decline in the stock price over the past week, with shares currently trading at $0.69. According to InvestingPro analysis, the company appears overvalued at current levels, despite maintaining strong liquidity with a current ratio of 45.2.
Following this transaction, Jeereddi directly owns 1,531,983 shares. Additionally, he indirectly holds 222,114 shares through an entity where he is a managing member and major equity owner, as noted in the filing. This acquisition reflects Jeereddi’s continued investment in Elite Health Systems, a company known for its innovative health solutions. With a market capitalization of $14.77 million, Elite Health Systems faces profitability challenges, reporting a loss per share of $0.13 over the last twelve months. InvestingPro subscribers can access additional insights, including 7 more key investment tips and comprehensive insider trading analysis.
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