BioVie Inc (NASDAQ:BIVI) does about 576.09K shares in volume on a normal day but saw 1301193 shares change hands in the recent trading day. The company now has a market cap of 28.75M USD. Its current market price is $0.47, marking an increase of 6.19% compared to the previous close of $0.44. The 52 week high reached by this stock is $5.82 whilst the lowest price level in 52 weeks is $0.34.
BioVie Inc (BIVI) has a 20-day trading average at $0.4227 and the current price is -91.92% off the 52-week high compared with 36.35% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4494 and its 200-day simple moving average is $1.3403. If we look at the stock’s price movements over the week, volatility stands at 12.62%, which decreases to 8.33% 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 55.97 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 84.33% over the period.
1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 22, 2022 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $7.
BioVie Inc (BIVI) stock is up 21.92% over the week and 2.96% over the past month. Its price is -62.70% year-to-date and -89.98% over the past year.
To reach the target analysts have set, the stock logically needs to grow 84.33 percent from here.
The company has a return on investment of -192.71% and return on equity of -178.58%. The beta has a value of 1.16. Price to book ratio is 1.51.
