Technicals Say ObsEva SA (OBSV) Is A Hold

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ObsEva SA (NASDAQ:OBSV) traded with a subtraction of -$0.02 to $0.14 on Thursday, a downside of -8.45 percent. An average of 1,097,661 shares of common stock have been traded in the last five days. There was a fall of -$0.0345 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,999,005 shares traded, while the 50-day average volume stands at 3,282,686.

OBSV stock has decreased by -25.97% in the last month. The company shares reached their 1-month lowest point of $0.1407 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.15 and a high of $3.27 in 52 weeks. It has reached a new high 3 times so far this year and lost -92.21% or -$1.8464 in price. In spite of this, the price is down -95.66% from the 52-week high.


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Valuation Metrics

ObsEva SA (OBSV) stock’s beta is 0.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.57.

Financial Health

The quick ratio of ObsEva SA for the three months ended June 29 was 3.00, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $74.63 million compared to revenue of $20.11 million.

Earnings Surprise

For the three-month period that ended June 29, ObsEva SA had $0.59 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$58.38 million in the quarter, while revenues were shrunk -42.12%. The analyst consensus anticipated ObsEva SA’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.39, a -129.40% surprise. For the quarter, EBITDA amounted to -$31.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ObsEva SA (OBSV) price momentum. RSI 9-day as of the close on 21 September was 21.69%, suggesting the stock is oversold, with historical volatility in this time frame at 89.00%.

As of today, OBSV’s price is $0.1562 -19.37% or -$0.0345 from its 5-day moving average. OBSV is currently trading -33.15% lower than its 20-day SMA and -90.43% lower than its 100-day SMA. However, the stock’s current price level is -91.40% below the SMA50 and -92.93% below the SMA200.

The stochastic %K and %D were 3.80% and 5.09%, respectively, and the average true range (ATR) was 0.0178. With the 14-day stochastic at 4.89% and the average true range at 0.0269, the RSI (14) stands at 21.38%. The stock has reached -0.0155 on the 9-day MACD Oscillator while the 14-day reading was at -0.0162.

Analyst Ratings

H.C. Wainwright downgraded ObsEva SA (NASDAQ: OBSV) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for ObsEva SA (OBSV) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OBSV, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $1.00 and $12.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for ObsEva SA (OBSV) stock is $6.25.

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