Vivani Medical Inc (VANI) Stock Faces 7.75% Weekly Volatility

The stock of Vivani Medical Inc (VANI) has seen a 8.24% increase in the past week, with a -17.61% drop in the past month, and a 95.67% flourish in the past quarter. The volatility ratio for the week is 7.75%, and the volatility levels for the past 30 days are at 8.73% for VANI. The simple moving average for the past 20 days is 2.88% for VANI’s stock, with a 70.03% simple moving average for the past 200 days.

Is It Worth Investing in Vivani Medical Inc (NASDAQ: VANI) Right Now?

The stock has a 36-month beta value of 3.26. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for VANI is 27.98M, and at present, short sellers hold a 3.36% of that float. On April 04, 2024, the average trading volume of VANI was 3.11M shares.

VANI) stock’s latest price update

Vivani Medical Inc (NASDAQ: VANI)’s stock price has gone rise by 8.24 in comparison to its previous close of 1.88, however, the company has experienced a 8.24% increase in its stock price over the last five trading days. MarketBeat reported 2024-03-06 that The Ozempic craze continues to make headlines in the medical sector, and GLP-1 drug stocks continue to surge higher. Shares of Ozempic and Wegovy makers Novo Nordisk A/S NYSE: NVO are already up 20% year-to-date (YTD).

VANI Trading at 26.98% from the 50-Day Moving Average

After a stumble in the market that brought VANI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.91% of loss for the given period.

Volatility was left at 8.73%, however, over the last 30 days, the volatility rate increased by 7.75%, as shares sank -5.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +101.49% upper at present.

During the last 5 trading sessions, VANI rose by +8.24%, which changed the moving average for the period of 200-days by +37.50% in comparison to the 20-day moving average, which settled at $1.9700. In addition, Vivani Medical Inc saw 99.51% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at VANI starting from Williams Gregg, who purchase 1,078 shares at the price of $1.01 back on Feb 15 ’24. After this action, Williams Gregg now owns 727,608 shares of Vivani Medical Inc, valued at $1,089 using the latest closing price.

Williams Gregg, the Director of Vivani Medical Inc, purchase 1,071 shares at $1.01 during a trade that took place back on Feb 09 ’24, which means that Williams Gregg is holding 726,530 shares at $1,082 based on the most recent closing price.

Stock Fundamentals for VANI

The total capital return value is set at -0.67. Equity return is now at value -78.85, with -52.93 for asset returns.

Based on Vivani Medical Inc (VANI), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -1.15. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 95.28.

Currently, EBITDA for the company is -26.61 million with net debt to EBITDA at -0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.03.

Conclusion

To sum up, Vivani Medical Inc (VANI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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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