As of Thursday close, Aravive Inc.’s (NASDAQ:ARAV) stock was up $0.01, moving up 4.67 percent to $0.21. The average number of shares traded per day over the past five days has been 3,608,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0175 fall in that time frame. In the last twenty days, the average volume was 6,771,860, while in the previous 50 days, it was 2,906,010.
Since last month, ARAV stock retreated -88.02%. Shares of the company fell to $0.1811 on 08/16/23, the lowest level in the past month. A 52-week high of $2.46 was reached on 03/21/23 after having rallying from a 52-week low of $0.18. Since the beginning of this year, ARAV’s stock price has dropped by -84.39% or -$1.1140, and marked a new high 11 times. However, the stock has declined by -91.63% since its 52-week high.
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Financial Health
In the three months ended March 30, Aravive Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. Based on annual data, ARAV earned $79.97 million in gross profit and brought in $9.14 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ARAV’s revenue rose 26.85% to $1.47 million during the quarter, while net income inched up to $1.49 million. While analysts expected Aravive Inc. to report -$0.32 quarterly earnings, the actual figure was -$0.66 per share, beating the consensus estimate by -106.20%. During the quarter, the company generated -$17.7 million in EBITDA. The liabilities of Aravive Inc. were 81.66 million at the end of its most recent quarter ended March 30, and its total debt was $3.52 million. The value of shareholders’ equity is $59.84 million.
Technical Picture
This quick technical analysis looks at Aravive Inc.’s (ARAV) price momentum. With a historical volatility rate of 65.97%, the RSI 9-day stood at 11.52% on 17 August.
With respect to its five-day moving average, the current Aravive Inc. price is down by -7.83% percent or -$0.0175. At present, ARAV shares trade -88.30% below its 20-day simple moving average and -91.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -88.36% below its SMA50 and -80.57% below its SMA200.
Stochastic coefficient K was 1.27% and Stochastic coefficient D was 0.93%, while ATR was 0.0847. Given the Stochastic reading of 1.88% for the 14-day period, the RSI (14) reading has been calculated as 16.17%. As of today, the MACD Oscillator reading stands at -0.0140, while the 14-day reading stands at -0.2611.
Analyst Ratings
Aravive Inc. (ARAV) has been rated Overweight by analysts. According to 0 brokerage firms, ARAV is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Aravive Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $18.00. Based on these forecasts, analysts predict Aravive Inc. (ARAV) will achieve an average price target of $13.33.
