Eyenovia Inc (NASDAQ: EYEN)’s stock price has plunge by -70.04relation to previous closing price of 0.34. Nevertheless, the company has seen a -79.17% plunge in its stock price over the last five trading sessions. benzinga.com reported 2024-11-15 that On Friday, Eyenovia, Inc. EYEN stock is trading lower after an update from the Phase 3 CHAPERONE study evaluating its proprietary drug-device combination of low-dose atropine in the company’s Optejet dispensing platform pediatric progressive myopia.
Is It Worth Investing in Eyenovia Inc (NASDAQ: EYEN) Right Now?
Additionally, the 36-month beta value for EYEN is 1.62. There are mixed opinions on the stock, with 3 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 77.72M and currently, short sellers hold a 2.75% ratio of that float. The average trading volume of EYEN on November 18, 2024 was 1.67M shares.
EYEN’s Market Performance
EYEN’s stock has seen a -79.17% decrease for the week, with a -79.94% drop in the past month and a -87.57% fall in the past quarter. The volatility ratio for the week is 23.99%, and the volatility levels for the past 30 days are at 12.47% for Eyenovia Inc The simple moving average for the past 20 days is -78.86% for EYEN’s stock, with a -88.57% 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 -79.26% 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 -96.04% of loss for the given period.
Volatility was left at 12.47%, however, over the last 30 days, the volatility rate increased by 23.99%, as shares sank -82.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -79.37% lower at present.
During the last 5 trading sessions, EYEN fell by -79.17%, which changed the moving average for the period of 200-days by -94.64% in comparison to the 20-day moving average, which settled at $0.4823. In addition, Eyenovia Inc saw -95.10% 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 Rowe Michael M, who purchase 27,071 shares at the price of $0.52 back on Aug 28 ’24. After this action, Rowe Michael M now owns 109,998 shares of Eyenovia Inc, valued at $14,077 using the latest closing price.
Rowe Michael M, the Chief Executive Officer of Eyenovia Inc, purchase 50,000 shares at $0.57 during a trade that took place back on Aug 26 ’24, which means that Rowe Michael M is holding 82,927 shares at $28,500 based on the most recent closing price.
Stock Fundamentals for EYEN
Current profitability levels for the company are sitting at:
- -1091.78 for the present operating margin
- -47.16 for the gross margin
The net margin for Eyenovia Inc stands at -1188.45. The total capital return value is set at -4.96. Equity return is now at value -388.03, with -131.22 for asset returns.
Based on Eyenovia Inc (EYEN), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at -2.33. The debt to equity ratio resting at 3.5. The interest coverage ratio of the stock is -24.28.
Currently, EBITDA for the company is -24.11 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 1106.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
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.
