As of Friday close, Tivic Health Systems Inc.’s (NASDAQ:TIVC) stock was up $0.01, moving up 24.26 percent to $0.07. The average number of shares traded per day over the past five days has been 62,006,102 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0218 gain in that time frame. In the last twenty days, the average volume was 33,575,316, while in the previous 50 days, it was 18,544,553.
Since last month, TIVC stock retreated -34.70%. Shares of the company fell to $0.0418 on 07/17/23, the lowest level in the past month. A 52-week high of $2.87 was reached on 01/23/23 after having rallying from a 52-week low of $0.04. Since the beginning of this year, TIVC’s stock price has dropped by -88.80% or -$0.5682, and marked a new high 6 times. However, the stock has declined by -97.50% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.84. Besides these, the trailing price-to-sales (P/S) ratio of 4.38, the price-to-book (PB) ratio of 0.28.
Financial Health
In the three months ended March 30, Tivic Health Systems Inc.’s quick ratio stood at 3.50, while its current ratio was 4.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 19.20% percent. Based on annual data, TIVC earned $0.3 million in gross profit and brought in $1.84 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TIVC’s revenue rose 15.79% to $0.51 million during the quarter, while net income inched up to $0.38 million. While analysts expected Tivic Health Systems Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.11 per share. During the quarter, the company generated -$2.07 million in EBITDA. The liabilities of Tivic Health Systems Inc. were 1.9 million at the end of its most recent quarter ended March 30, and its total debt was $0.51 million. The value of shareholders’ equity is $29.68 million.
Technical Picture
This quick technical analysis looks at Tivic Health Systems Inc.’s (TIVC) price momentum. With a historical volatility rate of 119.11%, the RSI 9-day stood at 65.56% on 04 August.
With respect to its five-day moving average, the current Tivic Health Systems Inc. price is up by +43.69% percent or $0.0218. At present, TIVC shares trade -34.58% below its 20-day simple moving average and -63.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately -40.50% below its SMA50 and -95.76% below its SMA200.
Stochastic coefficient K was 77.79% and Stochastic coefficient D was 51.90%, while ATR was 0.0091. Given the Stochastic reading of 95.82% for the 14-day period, the RSI (14) reading has been calculated as 53.67%.
Analyst Ratings
Tivic Health Systems Inc. (TIVC) has been rated – by analysts. According to 0 brokerage firms, TIVC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Tivic Health Systems Inc. stock as buy, with 0 recommending it as overweight.
