Market Insights: BioVie Inc (BIVI)’s Notable Drop of -4.29, Closing at 2.01

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As of close of business last night, BioVie Inc’s stock clocked out at $2.01, down -4.29% from its previous closing price of $2.10. In other words, the price has decreased by -$4.29 from its previous closing price. On the day, 0.56 million shares were traded. BIVI stock price reached its highest trading level at $2.1558 during the session, while it also had its lowest trading level at $2.0.

Ratios:

To gain a deeper understanding of BIVI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.95 and its Current Ratio is at 2.95. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on July 22, 2022, initiated with a Overweight rating and assigned the stock a target price of $7.

On January 15, 2021, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $47.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIVI now has a Market Capitalization of 35714080 and an Enterprise Value of 7486111.

Stock Price History:

The Beta on a monthly basis for BIVI is 1.05, which has changed by -0.8346457 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, BIVI has reached a high of $33.10, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -23.91%, while the 200-Day Moving Average is calculated to be -41.14%.

Shares Statistics:

It appears that BIVI traded 6.42M shares on average per day over the past three months and 1321460 shares per day over the past ten days. A total of 18.45M shares are outstanding, with a floating share count of 15.95M. Insiders hold about 13.56% of the company’s shares, while institutions hold 7.71% stake in the company. Shares short for BIVI as of 1730332800 were 1921578 with a Short Ratio of 0.18, compared to 1727654400 on 383126. Therefore, it implies a Short% of Shares Outstanding of 1921578 and a Short% of Float of 12.520000000000001.

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