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Progressive Care Inc (QB)

Progressive Care Inc (QB) (RXMD)

1.74
-0.27
(-13.43%)
Closed July 25 4:00PM

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Key stats and details

Current Price
1.74
Bid
1.40
Ask
1.97
Volume
34,583
0.85 Day's Range 1.74
0.40 52 Week Range 6.00
Market Cap
Previous Close
2.01
Open
1.4454
Last Trade
500
@
1.74
Last Trade Time
Financial Volume
$ 43,586
VWAP
1.2603
Average Volume (3m)
1,689
Shares Outstanding
6,240,731
Dividend Yield
-
PE Ratio
-0.74
Earnings Per Share (EPS)
-2.35
Revenue
26.78M
Net Profit
-14.65M

About Progressive Care Inc (QB)

Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a personalized healthcare services and technology company which provides prescription pharmaceutical services, risk management and data analytics to healthcare organizations and providers. Progressive Care, Inc. is headquartered in Ha... Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a personalized healthcare services and technology company which provides prescription pharmaceutical services, risk management and data analytics to healthcare organizations and providers. Progressive Care, Inc. is headquartered in Hallandale Beach, Florida. Show more

Sector
Drug & Proprietary Stores
Industry
Drug & Proprietary Stores
Headquarters
Camden, Delaware, USA
Founded
1970
Progressive Care Inc (QB) is listed in the Drug & Proprietary Stores sector of the OTCMarkets with ticker RXMD. The last closing price for Progressive Care (QB) was $2.01. Over the last year, Progressive Care (QB) shares have traded in a share price range of $ 0.40 to $ 6.00.

Progressive Care (QB) currently has 6,240,731 shares outstanding. The market capitalization of Progressive Care (QB) is $12.54 million. Progressive Care (QB) has a price to earnings ratio (PE ratio) of -0.74.

RXMD Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.06-3.333333333331.82.070.8510301.97143897CS
40.2516.77852348991.492.070.8513861.61803752CS
120.021.162790697671.722.480.8516891.88286242CS
26-1.41-44.76190476193.153.30.423412.18751952CS
52-3.188-64.69155844164.92860.423533.10952309CS
156-8.3-82.669322709210.0412.30.45526086.999989CS
260-10.26-85.512400.4107009512.64023274CS

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RXMD Discussion

View Posts
JMCK6193 JMCK6193 7 hours ago
That's exactly why I named him Twister, he lies he twists he's a POC!!!!
👍️ 1
RIOgrande44 RIOgrande44 8 hours ago
It sure didn't take him long to figure out what an untruthful rat scammer twister you are.
No wonder you put him on ignore. Hell I gave him a thumbs up and a follow.
👍️0
Truth022809 Truth022809 8 hours ago
Straight up, this thing hasn’t gone straight up in years
👍️0
gedi8 gedi8 8 hours ago
A hater??? lol!! Just calling you out for not being truthful again. So now you got 1700 shares not 1500 and you sold them for $1.66 not $1.68. Quite a difference from your original post. By the way there were not 1500 or 1700 shares sold in 100 share blocks @ $1.66.
👍️0
CaptHowdy CaptHowdy 9 hours ago
My bad, fat fingers.... was $1.66, MMs broke it up into multiple blocks of 100 shares. Didn't look at tape until now.

Don't be such a hater Gedi, when I saw my alert for $1.25 or lower I threw up a buy for 2k but only got 1700.

Sorry you're still in the red, this is only good for flippin now. Two years of Silent Fernandez screwed all long term stakeholders.
👍️0
gedi8 gedi8 9 hours ago
There was not 1500 shares sold at $1.68 today, only 1,100 shares bought at $1.68. Further there was not a single trade showing a 1,500 share buy at .85 as you claim. Nice try.
👍️0
JMCK6193 JMCK6193 10 hours ago
Twister, you're full of bullshit!!! Liar!!!
👍️0
CaptHowdy CaptHowdy 10 hours ago
Easy flippin' today, took 1500 @ .085 sold an hour later @ 1.68... thanks RXMD cash machine. 👍

With the volatility being seen lately, it most definitely helps to set alerts so you can grab some cheap shares and shove em back into Fernandez's incompetent lap.
👍️0
garrox garrox 10 hours ago
RXMD is losing another competitor.

‘A difficult decision’: Walmart to shutter all US health care services and hunker down on inflation-fueled growth in grocery business — what this means for consumers
The closures mark a major U-turn for the big-box retailer.
Jul 24, 2024
Inflation is proving to be a curse and a blessing for big-box retailer Walmart (WMT).
On April 30, the chain announced that it plans to close all of its health centers and shut down its virtual care services due to “the challenging reimbursement environment and escalating operating costs.”
Walmart described the move as “a difficult decision” but stated the “lack of profitability” has made the healthcare business “unsustainable… at this time.”
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But those same cost pressures nipping Walmart’s fledgling healthcare business in the bud have proven a boon to the retail giant’s grocery business.
On the same day it announced the end of Walmart Health, the retailer set in motion its largest private brand food launch in 20 years — capitalizing on inflation-fueled growth in its grocery business to introduce Bettergoods to the market. Here's what that means for consumers.
Killer health care costs
Walmart launched Walmart Health in 2019 with the mission of improving health care affordability and accessibility.
In its five-year lifespan, the health business has opened 51 health centers across five states: Arkansas, Florida, Georgia, Illinois and Texas. To complement those brick-and-mortar locations, it also acquired telehealth provider MeMD for an undisclosed amount in 2021.
However, in light of Walmart's recent news, healthcare startup Fabric (formerly known as Florence) inked a deal in June to aquire the rights to MeMD.
It is not clear exactly when each clinic location will shutter, but insiders told CNBC they expect the closures to occur in the next 45 to 90 days. However, the closures will not stretch to Walmart’s nearly 4,600 pharmacies and more than 3,000 vision centers across the country.
This news is a major U-turn from a Walmart Health announcement in March, when Dr. David Carmouche, senior vice president of Omnichannel Care, said the unit “will be growing in a big way” in 2024 — with plans to open 28 new Walmart Health center locations, including in two new states: Missouri and Arizona.
One reason why Walmart is exiting this business is the “challenging reimbursement environment.” This revolves around the rising cost of healthcare in the U.S., which has ticked up for the past several decades due to three main factors, according to a 2023 study by the Peter G. Peterson Foundation: population growth, population aging, and rising prices for healthcare products and services.
A 2023 article by Boston Consulting Group stated that healthcare providers “need further substantial reimbursement increases from insurers to offset the double-digit cost jumps and structural economic challenges faced by health systems.”
In other words, the government (through Medicare, Medicaid, the Children’s Health Insurance Program (CHIP) and subsidized Affordable Care Act (ACA) marketplace plans) and private health insurers would have to raise their rates (how much they charge for insurance) to cover health services so that businesses like Walmart Health could turn a profit.
With that necessity proving unlikely in the near future, the retail giant made the “difficult decision” to shut up shop.
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Booming grocery business
When one door closes, another opens — at least that’s the case for Walmart. The big-box retailer is debuting a new grocery brand, Bettergoods, which it describes as “a new elevated experience that delivers quality, unique, chef-inspired food at an incredible value.”
The new brand includes 300 items spanning frozen goods, dairy, snacks, beverages, pasta, soups, coffee, chocolate and more — all costing less than $15, with most products available for under $5.
According to a CNBC analysis, this marks a major effort from Walmart — the country’s largest grocer by revenue — to retain the shoppers it has attracted during a period of high inflation.
In 2023, food prices increased by 5.8%, per USDA data. While that was an improvement from the prior year’s 9.9%, the cost of groceries is still proving a major pain point for U.S. consumers — and a big boon for the nation’s grocers.
In its most recent fiscal year, ending January 2024, Walmart’s net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
👍️0
Turbomunkey Turbomunkey 11 hours ago
Thanks for sharing TD.
👍️0
TrackDude TrackDude 11 hours ago
Looks like the RXMD Telegram channel is now locked. There’s been no activity other there for several months now though.
✔️ 1
Turbomunkey Turbomunkey 12 hours ago
Who
👍️0
staypuff staypuff 16 hours ago
One individual has enough and sold out. Said he took a $60-70k loss. Thats where is came from
👍️0
Bearslayer Bearslayer 16 hours ago
They already added rx to their Q’s. The price isn’t going up at Nxpl after the purchase/merger until another net profit generating company is purchased or the net profit becomes substantial from rx.
👍️0
holt69 holt69 17 hours ago
Hopefully the S-4 gets rejected. Absolutely horrendous deal for RXMD shareholders.
👍️ 1
James salmon James salmon 17 hours ago
We saw this a few months back, ripped lower only to go straight back up.

👍️ 1
Govwhite Govwhite 17 hours ago
Did someone get margin called? Bored? If the S-4 gets turned down for some reason I would think there would be a higher offer. No reason for the stock to go lower. If you waited this long, why sell now?
👍️0
gedi8 gedi8 18 hours ago
Wish I got some of those .85s
👍️0
gedi8 gedi8 19 hours ago
Huge bargain. Nice pickup.
👍️0
James salmon James salmon 19 hours ago
Yes makes no sense, was able to pick up another 1000 at $1.25. Bargain when NXPL price is at $1.20.
👍️0
gedi8 gedi8 19 hours ago
Crazy morning here
👍️0
Turbomunkey Turbomunkey 20 hours ago
Good good
👍️0
garrox garrox 20 hours ago
Gotcha 👍
👍️0
James salmon James salmon 20 hours ago
Garrox my understanding is on or before the end of next week we should see S4 become effective.
👍️0
gedi8 gedi8 21 hours ago
My pleasure Turbo.
👍️0
Turbomunkey Turbomunkey 22 hours ago
Thanks Gedi
👍️0
JMCK6193 JMCK6193 22 hours ago
Definitely had our fair share of rain, and no end in sight.
👍️0
gedi8 gedi8 24 hours ago
Q3 …so by September end
👍️0
Turbomunkey Turbomunkey 1 day ago
Im midwest, Chicago suburbs. It rained a lot last week. Rained today in the evening, briefly, but violently. I love rain so I can never get enough of it.
👍️0
garrox garrox 1 day ago
Are you getting enough rain on the East Coast? Here in Sacramento, CA we topped out at 108 degrees and no rain.
👍️0
Turbomunkey Turbomunkey 1 day ago
Was August the expected finalization of the merger?
👍️0
gedi8 gedi8 1 day ago
It sure is. Can’t wait til the company is able to provide us with some sort of update
👍️0
garrox garrox 1 day ago
That’s an awefully big spread. Quiet period for SEC should end this week.
👍️0
gedi8 gedi8 1 day ago
Yep. That was me garrox. I wanted to see what they would sell them to me for. I tried to buy on the ask the MMs sold them for .04 cents cheaper.
👍️0
garrox garrox 1 day ago
100 shares moved this stock up 42%.
👍️0
Turbomunkey Turbomunkey 2 days ago
That's right James
👍️0
James salmon James salmon 2 days ago
Also Frost invested a lot of money in NXPL.
👍️0
Turbomunkey Turbomunkey 2 days ago
Im a dreamer, I dream my life away
👍️ 1
Turbomunkey Turbomunkey 2 days ago
Fernandez and Frost are buddies. They have and are working together. Perhaps Fernandez follows suit.
👍️0
Truth022809 Truth022809 2 days ago
Pipe dream
👍️0
James salmon James salmon 2 days ago
I have said before I think once merger is done then NXPL will announce a buyback of shares.
👍️0
Turbomunkey Turbomunkey 2 days ago
OPKO announces Share buyback program. Reasoning: Shares are heavily under valued. Very interesting.... Who stated that a share buyback was discussed by RXMD?

https://finance.yahoo.com/news/opko-health-announces-100-million-120000334.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJBnutUZUCH7ULu1ltl-J7DO-TehUpmCb8yu8HuQ7N_Kfb8QmUewYSB2T76xN1N37KAwscSwd7tP03JZq_nsfG9vR-FM3t8oI2ZoQsy2mA972KgM6MUJLidktQda6O1Mo4IY_AkB8LpAAWV7ETdTjTIvCU9f0DEY5buDG1y56xEv
👍️0
Turbomunkey Turbomunkey 3 days ago
Cheer up Charlie
👍️ 1
Cabinmoney Cabinmoney 3 days ago
Nothing to see here. Just the normal 32% drop as no gains will ever be held up with this do nothing say nothing CEO.
👍️ 1
Truth022809 Truth022809 3 days ago
They won’t, unfortunately
👍️0
Turbomunkey Turbomunkey 3 days ago
Let us hope both stocks continue to climb into the finalization of the merger.
👍️ 1
CaptHowdy CaptHowdy 3 days ago
That "Goosey Lawless" created an account about two weeks ago and self proclaims to know what's going on here; as if Fernandez didn't totally screw shareholders with the sneaky EOY reverse split in 2022. I placed an ignore sticker in that pumper, he/she is either an insider or wishful thinker IMO
🤡 1
RIOgrande44 RIOgrande44 4 days ago
https://www.fiercehealthcare.com/payers/wsj-ftc-sue-pbms-over-drug-pricing-tactics
👍️0
Truth022809 Truth022809 5 days ago
Oh wow, well everyone should listen to you then. Fuckin clown
👍️ 1
Turbomunkey Turbomunkey 5 days ago
That's my understanding bear.

Nice close. Enioy the weekend all.
👍️ 1 🤣 1

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