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The price of Ovid Therapeutics Inc (NASDAQ: OVID) closed at $1.01 in the last session, down -4.72% from day before closing price of $1.06. In other words, the price has decreased by -$4.72 from its previous closing price. On the day, 0.71 million shares were traded. OVID stock price reached its highest trading level at $1.07 during the session, while it also had its lowest trading level at $0.9942.
Ratios:
We take a closer look at OVID’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.66 and its Current Ratio is at 5.66. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.19.
On April 30, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $9.
On April 29, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $9.H.C. Wainwright initiated its Buy rating on April 29, 2024, with a $9 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when LEVIN JEREMY M bought 18,248 shares for $2.76 per share. The transaction valued at 50,364 led to the insider holds 3,616,715 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OVID now has a Market Capitalization of 71720000 and an Enterprise Value of 24082964. For the stock, the TTM Price-to-Sale (P/S) ratio is 113.84 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 38.124 whereas that against EBITDA is -0.37.
Stock Price History:
Over the past 52 weeks, OVID has reached a high of $4.10, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is -11.50%, while the 200-Day Moving Average is calculated to be -43.30%.
Shares Statistics:
According to the various share statistics, OVID traded on average about 187.43K shares per day over the past 3-months and 263290 shares per day over the past 10 days. A total of 71.01M shares are outstanding, with a floating share count of 55.62M. Insiders hold about 21.67% of the company’s shares, while institutions hold 51.14% stake in the company. Shares short for OVID as of 1732838400 were 740283 with a Short Ratio of 3.95, compared to 1730332800 on 679890. Therefore, it implies a Short% of Shares Outstanding of 740283 and a Short% of Float of 1.26.