Tivic Health Systems Inc (NASDAQ: TIVC) – Time For Strategy Change?

Tivic Health Systems Inc (NASDAQ:TIVC) currently has a daily average trading volume of 509.19K but it saw 948162 shares traded in last market. With a market cap of 1.61M USD, the company’s current market price of $0.26 came falling about -4.79 while comparing to the previous closing price of $0.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.21 and as low as $0.22. In the recent trading on the day, stock has struck highest price mark of $0.24 while lowest mark touched by it was $0.2736.

Taking a look at 20-day trading activity of Tivic Health Systems Inc (TIVC) gives us an average price of $0.2795, while its current price level is -91.88% below from 52-week high level whereas it is 18.30% 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 $0.2798 while that of 200 days or SMA-200 reads an average of $0.6732. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.66% during that period while stretching the period over a month that increases to 15.82%. 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 43.12 which implies that the stock is in neutral territory.

Over the week, TIVC’s stock price is moving -10.48% down while it is 10.85% when we observe its performance for the past one month. Year-to-date it is -85.53% down and over the past year, the stock is showing a downside performance of -78.65%.

Currently, Tivic Health Systems Inc’s total number of outstanding shares is 6.18M. Company’s return on investment (ROI) stands at -161.02% and return on equity (ROE) at -183.60%. Stock’s beta reads 2.41. Stock has a price to book (P/B) ratio of 0.38 while price to sale or P/S ratio amounts to 1.45. Its return on asset (ROA) is -143.94% on average.