On May 16, 2024, Banks Robert R. Jr., President and Chief Executive Officer of Nephros Inc (NEPH, Financial), purchased 50,000 shares of the company. The transaction was documented in a recent SEC Filing. This acquisition increases the insider's total holdings to 70,000 shares over the past year, with no recorded sales in the same period.
Nephros Inc is a medical device company that focuses on the development and commercialization of high-performance water purification products and pathogen detection systems for medical and commercial markets.
The purchase occurred at a stock price of $2.24, valuing the transaction at $112,000. Following this acquisition, the market cap of Nephros Inc stands at $23.934 million.
The insider transaction history for Nephros Inc shows a trend of more insider buying than selling over the past year, with four insider buys and zero sells.
Regarding valuation, the shares were bought at a price close to the GF Value of $2.23, indicating that the stock is Fairly Valued. The price-to-GF Value ratio stands at 1.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
