Evofem Biosciences Inc. (NASDAQ:EVFM) saw a downside of -4.49% to $0.73 after subtracting -$0.03 on Tuesday. The 5-day average trading volume is 1,520,817 shares of the company’s common stock. It has gained $0.7670 in the past week. An average of 2,256,154 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,719,420.
EVFM’s 1-month performance is -7.45% or -$0.0947 on its low of $0.7001 reached on 10/12/21. The company’s shares have touched a 52-week low of $0.65 and high of $5.53, with the stock’s rally to the 52-week high happening on 02/17/21. YTD, EVFM has lost -68.32% or -$1.6797. However, the current price is down -86.81%% from the 52-week high price.
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Evofem Biosciences Inc. (EVFM) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.24 for the sector.EVFM stock has a beta of -0.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 35.15 while the price-to-book (PB) in the most recent quarter is 10.91.
Evofem Biosciences Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.40 meaning that EVFM 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 2.91, while the total debt to equity was 7.83. In terms of profitability, the gross margin trailing 12 months is 46.80%. The trailing 12-month EBITDA margin is -22969.28%. The firm’s gross profit as reported stood at $22000.0 against revenue of $0.45 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EVFM to announce -$0.37 per share in earnings in its latest quarter, but it posted -$0.27, representing a 27.00% surprise. EBITDA for the quarter stood at more than -$40.87 million. EVFM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 99.78 million, with total debt at $78.14 million. Shareholders hold equity totaling $155.21 million
Let’s look briefly at Evofem Biosciences Inc. (EVFM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 42.57% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.76%.
The stock’s 5-day moving average is $0.7414, reflecting a -0.81% or -$0.0060 change from its current price. EVFM is currently trading -7.29% above its 20-day SMA, -14.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.43% and -69.06% respectively.
Stochastic %K and %D was 32.35% and 29.94% and the average true range (ATR) pointed at 0.0509. The RSI (14) points at 43.36%, while the 14-day stochastic is at 25.19% with the period’s ATR at 0.0526. The stock’s 9-day MACD Oscillator is pointing at 0.0017 and -0.0060 on the 14-day charts.
In the most recent analyst report for Evofem Biosciences Inc. (NASDAQ: EVFM), Stifel launched coverage with a Buy rating. Analysts offering their rating for EVFM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EVFM as a “sell,”, while 1 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 EVFM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $5.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Evofem Biosciences Inc. (EVFM) stock is $3.33.