Can Buying Eyenovia Inc (NASDAQ: EYEN) Still Be Worthwhile?

Eyenovia Inc (NASDAQ:EYEN) does about 1.09M shares in volume on a normal day but saw 1946501 shares change hands in Friday trading. The company now has a market cap of 53.58M USD. Its current market price is $0.87, marking an increase of 13.50% compared to the previous close of $0.77. The 52 week high reached by this stock is $2.60 whilst the lowest price level in 52 weeks is $0.50.

Eyenovia Inc (EYEN) has a 20-day trading average at $0.6877 and the current price is -66.46% off the 52-week high compared with 74.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7449 and its 200-day simple moving average is $1.3008. If we look at the stock’s price movements over the week, volatility stands at 16.14%, which decreases to 10.51% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.23 to suggest the stock is neutral.

The consensus objective for the share price is $9.00, suggesting that the stock has a potential upside of 90.33% over the period.


The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 01, 2021 when Northland Capital initiated the stock to “Outperform” and issued a price target of $10.

Eyenovia Inc (EYEN) stock is up 25.99% over the week and 18.25% over the past month. Its price is -58.08% year-to-date and -64.98% over the past year.


To reach the target analysts have set, the stock logically needs to grow 90.33 percent from here.

The company has a return on investment of -333.88% and return on equity of -368.02%. The beta has a value of 1.78. Price to book ratio is 22.73 and price to sales ratio is 5358.44.