Eyenovia Inc. (NASDAQ:EYEN) currently has a daily average trading volume of 439.41K but it saw 1430932 shares traded on Thursday. With a market cap of 98.26M USD, stock’s current market price of $2.47 came falling about -13.64 while comparing to the previous closing price of $2.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.85 and as low as $1.50. In the recent trading on the day, stock has struck highest price mark of $2.88 while lowest mark touched by it was $2.45.
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Taking a look at 20-day trading activity of Eyenovia Inc. (EYEN) gives us an average price of $4.03, while its current price level is -57.78% below from 52-week high level whereas it is 64.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.89 while that of 200 days or SMA-200 reads an average of $2.59. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.92% during that period while stretching the period over a month that increases to 12.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 26.81 which implies that the stock is in oversold territory.
Eyenovia Inc. (EYEN)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $12.00 and $15.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $12.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $15.00. Average price target assigned by them is $13.50 which highlights an upside potential of 81.7% for the stock over that period. And to attain the median price target of $13.50 assigned by those analysts, stock has to add about 81.7% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, EYEN’s stock price is moving -26.27% down while it is -46.54% when we observe its performance for the past one month. Year-to-date it is 51.53% up and over the past year, the stock is showing an upside performance of 14.35%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.15 beat the consensus estimate of -$0.19 for the same. The company is expected to be releasing its next quarterly report in 08/15/2023, for which analysts forecasted an EPS of -$0.17 while estimate for next year EPS is -$0.72. For EYEN, analysts are forecasting an EPS-growth rate of 13.30% for current year and estimate for EPS growth in next year is -15.30%. In next quarter, company is expected to be making quarterly sales of $310k as analysts are expecting the sales for current fiscal year at $1.1 million and seeing the company making $3.24 million in sales next year.
Currently, Eyenovia Inc.’s total number of outstanding shares is 37.41M with 22.43% of that held by the insiders while 9.94% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -137.20%. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 5.88. Its return on asset (ROA) is -83.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 0.09% in the Eyenovia Inc. (EYEN) increasing its stake to 1.63% with control over 558.0 shares in the company. In the most recent quarter, Vanguard Extended Market Index Fu came rising its stake by 1.56% in the company and now holds 0.33 million or 0.87% of the company’s stake having worth of about 1.76 million.
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