Market Momentum: Eyenovia Inc (EYEN) Registers a -70.04 Decrease, Closing at 0.10

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Eyenovia Inc (NASDAQ: EYEN) closed the day trading at $0.10 down -70.04% from the previous closing price of $0.34. In other words, the price has decreased by -$70.04 from its previous closing price. On the day, 52.39 million shares were traded. EYEN stock price reached its highest trading level at $0.1338 during the session, while it also had its lowest trading level at $0.0862.

Ratios:

For a better understanding of EYEN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.71. In the meantime, Its Debt-to-Equity ratio is 3.51 whereas as Long-Term Debt/Eq ratio is at 0.80.

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, Northland Capital on March 01, 2021, initiated with a Outperform rating and assigned the stock a target price of $10.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 28 ’24 when Rowe Michael M bought 27,071 shares for $0.52 per share. The transaction valued at 14,077 led to the insider holds 109,998 shares of the business.

Rowe Michael M bought 50,000 shares of EYEN for $28,500 on Aug 26 ’24. The Chief Executive Officer now owns 82,927 shares after completing the transaction at $0.57 per share. On Jul 02 ’24, another insider, Grant Stuart M., who serves as the 10% Owner of the company, bought 1,515,151 shares for $0.66 each. As a result, the insider paid 1,000,000 and bolstered with 10,914,153 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EYEN now has a Market Capitalization of 8808399 and an Enterprise Value of 39465260. For the stock, the TTM Price-to-Sale (P/S) ratio is 87.99 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 1256.655 whereas that against EBITDA is -1.134.

Stock Price History:

The Beta on a monthly basis for EYEN is 1.62, which has changed by -0.92444444 over the last 52 weeks, in comparison to a change of 0.29098952 over the same period for the S&P500. Over the past 52 weeks, EYEN has reached a high of $2.57, while it has fallen to a 52-week low of $0.33. The 50-Day Moving Average of the stock is -79.26%, while the 200-Day Moving Average is calculated to be -88.57%.

Shares Statistics:

Over the past 3-months, EYEN traded about 1.67M shares per day on average, while over the past 10 days, EYEN traded about 6508820 shares per day. A total of 86.44M shares are outstanding, with a floating share count of 77.72M. Insiders hold about 10.09% of the company’s shares, while institutions hold 15.39% stake in the company. Shares short for EYEN as of 1730332800 were 2135421 with a Short Ratio of 1.28, compared to 1727654400 on 3286427. Therefore, it implies a Short% of Shares Outstanding of 2135421 and a Short% of Float of 2.6800001.

Earnings Estimates

Investors are keenly observing as 1.0 analysts analyze and rate the current performance of Eyenovia Inc (EYEN) in the stock market.The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.07 and low estimates of -$0.12.

Analysts are recommending an EPS of between -$0.61 and -$0.61 for the fiscal current year, implying an average EPS of -$0.61. EPS for the following year is -$0.48, with 1.0 analysts recommending between -$0.48 and -$0.48.

Revenue Estimates

2 analysts predict $2.05M in revenue for the current quarter. It ranges from a high estimate of $2.22M to a low estimate of $1.89M. As of the current estimate, Eyenovia Inc’s year-ago sales were $2.59kFor the next quarter, 2 analysts are estimating revenue of $1.55M. There is a high estimate of $1.55M for the next quarter, whereas the lowest estimate is $1.55M.

A total of 2 analysts have provided revenue estimates for EYEN’s current fiscal year. The highest revenue estimate was $2.25M, while the lowest revenue estimate was $1.92M, resulting in an average revenue estimate of $2.08M. In the same quarter a year ago, actual revenue was $3.79kBased on 2 analysts’ estimates, the company’s revenue will be $11.5M in the next fiscal year. The high estimate is $13.23M and the low estimate is $9.77M.

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