Enveric Biosciences Inc. (ENVB): What is the Risk Factor?

Enveric Biosciences Inc. (NASDAQ:ENVB) saw a downside of 0.00% to close Monday at $1.93 after subtracting $0.0 on the day. The 5-day average trading volume is 1,834,440 shares of the company’s common stock. It has gained $2.0300 in the past week. An average of 2,746,020 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,541,206.

ENVB’s 1-month performance is -44.06% or -$1.5200 on its low of $1.7273 reached on 10/06/21. The company’s shares have touched a 52-week low of $1.54 and high of $15.04, with the stock’s rally to the 52-week high happening on 03/10/21. YTD, ENVB has lost -54.69% or -$2.3300. However, the current price is down -87.17%% from the 52-week high price.

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Enveric Biosciences Inc.’s quick ratio for the period ended June 29 was 18.40, with the current ratio over the same period at 18.40 meaning that ENVB stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.01.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected ENVB to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.04, representing a 76.50% surprise. EBITDA for the quarter stood at more than -$3.19 million. ENVB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.88 million, with total debt at $0.15 million. Shareholders hold equity totaling $21.43 million

Technical Picture

Let’s look briefly at Enveric Biosciences Inc. (ENVB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 37.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.62%.

The stock’s 5-day moving average is $1.8680, reflecting a +3.21% or $0.0600 change from its current price. ENVB is currently trading -31.56% above its 20-day SMA, -11.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.05% and -69.27% respectively.

Stochastic %K and %D was 22.98% and 15.76% and the average true range (ATR) pointed at 0.2241. The RSI (14) points at 41.17%, while the 14-day stochastic is at 29.69% with the period’s ATR at 0.2460. The stock’s 9-day MACD Oscillator is pointing at -0.0411 and -0.1455 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for ENVB stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ENVB as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is ENVB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.00 and a high of $7.00, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Enveric Biosciences Inc. (ENVB) stock is $6.50.


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