Should You Sell ZyVersa Therapeutics Inc (ZVSA) And Go Away This Year?

ZyVersa Therapeutics Inc (NASDAQ:ZVSA) currently has a daily average trading volume of 3.53M but it saw 1837049 shares traded in last market. With a market cap of 2.07M USD, the company’s current market price of $0.57 came falling about -16.59 while comparing to the previous closing price of $0.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.58 and as low as $0.55.

Taking a look at 20-day trading activity of ZyVersa Therapeutics Inc (ZVSA) gives us an average price of $0.6832, while its current price level is -91.32% below from 52-week high level whereas it is 3.67% 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 $0.7679 while that of 200 days or SMA-200 reads an average of $1.6456. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.89% during that period while stretching the period over a month that increases to 21.33%. 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 41.87 which implies that the stock is in neutral territory.

Over the week, ZVSA’s stock price is moving -7.72% down while it is -55.02% when we observe its performance for the past one month. Year-to-date it is -46.11% down and over the past year, the stock is showing a downside performance of -91.06%.

Currently, ZyVersa Therapeutics Inc’s total number of outstanding shares is 3.62M with 0.17% of that held by the insiders while 2.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -110.53% and return on equity (ROE) at -96.10%. Stock’s beta reads 0.67. Stock has a price to book (P/B) ratio of 0.17. Its return on asset (ROA) is -44.08% on average.