The stock of NanoViricides Inc (NNVC) has seen a -4.44% decrease in the past week, with a -24.88% drop in the past month, and a -12.72% decrease in the past quarter. The volatility ratio for the week is 9.36%, and the volatility levels for the past 30 days are at 8.43% for NNVC. The simple moving average for the last 20 days is -8.60% for NNVC stock, with a simple moving average of -3.54% for the last 200 days.
Is It Worth Investing in NanoViricides Inc (AMEX: NNVC) Right Now?
Additionally, the 36-month beta value for NNVC is 0.96. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NNVC is 11.27M and currently, short sellers hold a 3.98% ratio of that float. The average trading volume of NNVC on September 26, 2024 was 244.89K shares.
NNVC) stock’s latest price update
The stock price of NanoViricides Inc (AMEX: NNVC) has surged by 11.84 when compared to previous closing price of 1.35, but the company has seen a -4.44% decline in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-09-26 that NanoViricides (NYSE-A:NNVC) announced that it has signed a Memorandum of Understanding (MOU) with TheraCour Pharma, granting it the right of first refusal on all antiviral drug developments. This agreement expands NanoViricides (NYSE-A:NNVC)’ access to critical intellectual property, enhancing its ability to develop treatments for a wide range of viral infections.
Analysts’ Opinion of NNVC
Many brokerage firms have already submitted their reports for NNVC stocks, with Midtown Partners repeating the rating for NNVC by listing it as a “Strong Buy.” The predicted price for NNVC in the upcoming period, according to Midtown Partners is $5.30 based on the research report published on February 11, 2015 of the previous year 2015.
NNVC Trading at -20.26% from the 50-Day Moving Average
After a stumble in the market that brought NNVC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.94% of loss for the given period.
Volatility was left at 8.43%, however, over the last 30 days, the volatility rate increased by 9.36%, as shares sank -22.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.23% lower at present.
During the last 5 trading sessions, NNVC fell by -5.92%, which changed the moving average for the period of 200-days by +26.51% in comparison to the 20-day moving average, which settled at $1.6308. In addition, NanoViricides Inc saw 48.03% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NNVC
The total capital return value is set at -0.92. Equity return is now at value -65.85, with -63.30 for asset returns.
Currently, EBITDA for the company is -7.84 million with net debt to EBITDA at 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.32.
Conclusion
In conclusion, NanoViricides Inc (NNVC) has seen mixed 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.
