With 6.19M Outstanding Shares, Can BioVie Inc (NASDAQ: BIVI) Deliver Big Short-Term Gains?

money audit

BioVie Inc (NASDAQ:BIVI) currently has a daily average trading volume of 3.79M but it saw 34965331 shares traded in last market. With a market cap of 20.51M USD, the company’s current market price of $2.57 came falling about -23.51 while comparing to the previous closing price of $3.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $58.20 and as low as $1.04. In the recent trading on the day, stock has struck highest price mark of $2.57 while lowest mark touched by it was $4.48.

Taking a look at 20-day trading activity of BioVie Inc (BIVI) gives us an average price of $1.48, while its current price level is -95.58% below from 52-week high level whereas it is 147.02% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.27 while that of 200 days or SMA-200 reads an average of $5.46. A closer look into the stock’s movement over the week reveals that its volatility is standing at 95.67% during that period while stretching the period over a month that decreases to 28.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 59.52 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Cantor Fitzgerald which initiated the stock as “Overweight” in its note to investors issued on July 22, 2022, recommending a price target of $7 for it.

Over the week, BIVI’s stock price is moving 127.43% up while it is 117.80% when we observe its performance for the past one month. Year-to-date it is -79.60% down and over the past year, the stock is showing a downside performance of -92.12%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -4.3 beaten by the consensus estimate of -3.55 for the same. The company is expected to be releasing its next quarterly report on 2024-Feb-13, for which analysts forecasted an EPS of 0 while estimate for next year EPS is -11.8.

Currently, BioVie Inc’s total number of outstanding shares is 6.19M with 30.46% of that held by the insiders while 6.31% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -208.17% and return on equity (ROE) at -208.26%. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 1.03. Its return on asset (ROA) is -106.51% on average.