Streetbeat News

AUGX

Augmedix, Inc.

https://www.augmedix.com

Industry

Medical - Healthcare Information Services

Augmedix, Inc. provides remote medical documentation solutions and live clinical support services in the United States. Its platform offers Augmedix Live and Augmedix Notes solutions that provide pre-visit documentation, such as pre-charting and digitization of previous records/patient history; during-visit documentation, including medical notes, care gap reminders, HCC reminders, and after-visit summaries; and post-visit documentation consisting of coding, orders, and referrals. The company enables clinicians to access its applications through mobile devices, such as smartphones or Google Glass. It serves health systems and specialty groups. The company was founded in 2013 and is headquartered in San Francisco, California.

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Augmedix (NASDAQ:AUGX) reported Q2 2024 GAAP EPS of $(0.16), missing the $(0.13) estimate, but achieved sales of $13.664M, beating the $13.636M estimate. Sales increased by 26.75% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:02 pm

Lake Street analyst Brooks O'Neil has downgraded Augmedix (NASDAQ:AUGX) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:08 pm

U.S. stocks traded lower with the Nasdaq Composite falling over 100 points. Netflix posted better-than-expected earnings and added 8.05 million paid members. Augmedix shares surged 148% after an acquisition announcement, while Hyzon Motors shares plummeted 50% following a direct offering. Commodities also saw declines, with oil down 3%.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 6:41 pm

Selective Insurance Group (NASDAQ:SIGI) shares fell 14.8% after reporting weak quarterly results, missing both earnings and sales estimates. Other notable stock movements include Augmedix (NASDAQ:AUGX) surging 148.8% on acquisition news, and SunPower Corporation (NASDAQ:SPWR) dropping 45.8% following an operational pause and analyst downgrade.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:24 pm

U.S. stocks traded lower with the Dow Jones falling over 300 points. Schlumberger (SLB) reported better-than-expected Q2 results. Augmedix (AUGX) shares surged on acquisition news, while Hyzon Motors (HYZN) shares plummeted after a direct offering. Commodities like gold and silver also saw declines.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 4:02 pm

Augmedix Inc. (NASDAQ:AUGX) will be acquired by Commure, Inc. in an all-cash transaction valued at approximately $139 million. Augmedix stockholders will receive $2.35 per share, a 169% premium over the 30-day VWAP. The deal is expected to close in late Q3 or early Q4 2024.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 3:31 pm

U.S. stocks traded mixed with the Dow Jones falling over 100 points. American Express reported better-than-expected earnings, while several other stocks saw significant price movements. Commodities also traded down, and European and Asian markets showed mixed results.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 2:01 pm

Augmedix shares are trading higher following the announcement that the company will be acquired by Commure.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:40 am

Trading halt status for AUGX was updated at 7:25:00 AM ET. The news and resumption times have been provided.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:25 am

Augmedix is set to be acquired by Commure in an all-cash transaction valuing the company at approximately $139 million in equity value.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:06 am

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