Eyenovia Inc (EYEN) Shares Decline Despite Market Challenges

Eyenovia Inc (NASDAQ: EYEN)’s stock price has gone decline by -6.63 in comparison to its previous close of 0.96, however, the company has experienced a -10.85% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-03-18 that Eyenovia, Inc. (EYEN) Q4 2023 Earnings Call Transcript

Is It Worth Investing in Eyenovia Inc (NASDAQ: EYEN) Right Now?

Additionally, the 36-month beta value for EYEN is 1.66. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for EYEN is 38.49M and currently, short sellers hold a 9.28% ratio of that float. The average trading volume of EYEN on April 04, 2024 was 927.71K shares.

EYEN’s Market Performance

EYEN’s stock has seen a -10.85% decrease for the week, with a -60.51% drop in the past month and a -53.35% fall in the past quarter. The volatility ratio for the week is 7.22%, and the volatility levels for the past 30 days are at 10.86% for Eyenovia Inc The simple moving average for the past 20 days is -33.89% for EYEN’s stock, with a -48.78% simple moving average for the past 200 days.

Analysts’ Opinion of EYEN

Many brokerage firms have already submitted their reports for EYEN stocks, with Northland Capital repeating the rating for EYEN by listing it as a “Outperform.” The predicted price for EYEN in the upcoming period, according to Northland Capital is $10 based on the research report published on March 01, 2021 of the previous year 2021.

EYEN Trading at -45.35% from the 50-Day Moving Average

After a stumble in the market that brought EYEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.61% of loss for the given period.

Volatility was left at 10.86%, however, over the last 30 days, the volatility rate increased by 7.22%, as shares sank -48.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.76% lower at present.

During the last 5 trading sessions, EYEN fell by -10.85%, which changed the moving average for the period of 200-days by -65.89% in comparison to the 20-day moving average, which settled at $1.3190. In addition, Eyenovia Inc saw -56.71% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at EYEN starting from Grant Stuart M., who purchase 100,000 shares at the price of $0.98 back on Mar 28 ’24. After this action, Grant Stuart M. now owns 5,430,715 shares of Eyenovia Inc, valued at $98,000 using the latest closing price.

Grant Stuart M., the 10% Owner of Eyenovia Inc, purchase 50,000 shares at $1.23 during a trade that took place back on Mar 19 ’24, which means that Grant Stuart M. is holding 5,330,715 shares at $61,500 based on the most recent closing price.

Stock Fundamentals for EYEN

Current profitability levels for the company are sitting at:

  • -6708.86 for the present operating margin
  • -196.93 for the gross margin

The net margin for Eyenovia Inc stands at -7392.56. The total capital return value is set at -1.32. Equity return is now at value -207.83, with -91.15 for asset returns.

Based on Eyenovia Inc (EYEN), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at -1.61. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is -25.07.

Currently, EBITDA for the company is -24.62 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 11598.98. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.

Conclusion

In conclusion, Eyenovia Inc (EYEN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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