Wellgistics Health Inc (WGRX)Healthcare | Medical Distribution | Tampa, United States |
USD
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Hot Take ↕ | Aug. 22, 2026, 5:22 a.m. UTC
The investment case for this healthcare distributor has collapsed entirely. The company is bleeding cash aggressively, with operating cash flow and free cash flow both deeply negative, while simultaneously reporting a massive contraction in revenue of over 85%. The balance sheet is in critical distress, holding negligible cash against nearly $29 million in debt, resulting in a current ratio of just 0.086 and negative book value. This is not a value opportunity; it is a failing business where the market has correctly priced out any hope of survival without a miracle turnaround. Furthermore, the recent corporate activity reveals a desperate pivot away from core medical distribution into speculative meme coin distributions and unproven AI acquisitions, signaling a management team trying to engineer a lifeline rather than running a sustainable operation. With no dividend to provide income and fundamentals deteriorating at every turn, there is no rational basis for a long-term or short-term investment. |
| Attribute | Value |
|---|---|
| Sector | Healthcare |
| Revenue per Share | 8.337 |
| Market Cap | 8,847,256 |
| Website | https://www.wellgisticshealth.com |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.93017626 |
| Address1 | 3,000 Bayport Drive |
| Address2 | Suite 950 |
| All Time High | 352.0 |
| All Time Low | 2.4848 |
| Ask | 4.22 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 91,325 |
| Average Volume | 572,948 |
| Average Volume10Days | 91,325 |
| Bid | 2.73 |
| Bid Size | 200 |
| Book Value | -0.123 |
| City | Tampa |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Currency | USD |
| Current Price | 3.52 |
| Current Ratio | 0.086 |
| Date Short Interest | 1,782,777,600 |
| Day High | 3.79 |
| Day Low | 2.72 |
| Ebitda | -53,096,984 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -0.709 |
| Enterprise To Revenue | 2.684 |
| Enterprise Value | 37,662,932 |
| Exchange | NCM |
| Exchange Timezone Name | UTC |
| Fifty Day Average | 3.407534 |
| Fifty Two Week High | 97.5 |
| Fifty Two Week Low | 2.4848 |
| Financial Currency | USD |
| First Trade Date Epoch Utc | 1,784,295,000 |
| Float Shares | 614,458 |
| Free Cashflow | -6,756,223 |
| Fullday Price | 3.52 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | -0.49514 |
| Gross Profits | -6,948,839 |
| Held Percent Insiders | 0.68377 |
| Held Percent Institutions | 0.01696 |
| Implied Shares Outstanding | 2,513,425 |
| Industry | Medical Distribution |
| Industry Disp | Medical Distribution |
| Industry Key | medical-distribution |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,779,753,600 |
| Last Split Factor | 1:50 |
| Long Business Summary | Wellgistics Health, Inc. engages in the wholesale and distribution of pharmaceutical products to pharmaceutical manufacturers and independent retail pharmacies in the United States. The company distributes branded and generic pharmaceuticals, as well as over-the-counter healthcare and consumer products. It also offers third-party logistics services that include warehousing, inventory management, pick and pack, and shipping to small and mid-size pharmaceutical manufacturers. It also operates DelivMeds platform that serves as a pharmaceutical hub to facilitate the transfer of prescriptions and provide backend clinical concierge services to a network of independent pharmacies; and operates a retail community specialty. The company was formerly known as Danam Health, Inc. and changed its name to Wellgistics Health, Inc. in October 2024. Wellgistics Health, Inc. was incorporated in 2022 and is based in Tampa, Florida. |
| Long Name | Wellgistics Health Inc |
| Market Cap | 8,847,256 |
| Max Age | 86,400 |
| Message Board Id | finmb_1851446510 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -76,586,224 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 3,582,445 |
| Open | 2.72 |
| Operating Cashflow | -12,920,709 |
| Operating Margins | -3.85719 |
| Payout Ratio | 0.0 |
| Phone | 844 203 6092 |
| Previous Close | 0.0 |
| Price Hint | 4 |
| Price To Sales Trailing12 Months | 0.63041675 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.033 |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Regular Market Day High | 3.79 |
| Regular Market Day Low | 2.72 |
| Regular Market Open | 2.72 |
| Regular Market Previous Close | 0.0 |
| Regular Market Volume | 536,280 |
| Return On Assets | -0.79178 |
| Revenue Growth | -0.856 |
| Revenue Per Share | 8.337 |
| Sand P52 Week Change | 0.1966995 |
| Sector | Healthcare |
| Sector Disp | Healthcare |
| Sector Key | healthcare |
| Shares Outstanding | 2,513,425 |
| Shares Percent Shares Out | 0.0419 |
| Shares Short | 105,197 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 444,588 |
| Short Name | Wellgistics Health, Inc. |
| Short Percent Of Float | 0.0718 |
| Short Ratio | 2.02 |
| State | FL |
| Symbol | WGRX |
| Time Zone Full Name | America/New_York |
| Time Zone Short Name | EDT |
| Total Cash | 51,730 |
| Total Cash Per Share | 0.021 |
| Total Debt | 28,730,920 |
| Total Revenue | 14,033,980 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | NaN |
| Trailing Eps | -43.87 |
| Trailing Peg Ratio | None |
| Two Hundred Day Average | 13.564071 |
| Underlying Symbol | WGRX |
| Uuid | 077ea62d-bff2-347f-87b4-5cf44875c4e6 |
| Volume | 536,280 |
| Website | https://www.wellgisticshealth.com |
| Zip | 33,607 |