As of Thursday close, Tivic Health Systems Inc.’s (NASDAQ:TIVC) stock was down -$0.01, moving down -4.03 percent to $0.06. The average number of shares traded per day over the past five days has been 202,921,406 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0234 gain in that time frame. In the last twenty days, the average volume was 80,935,383, while in the previous 50 days, it was 41,966,492.
Since last month, TIVC stock rose 41.32%. Shares of the company fell to $0.0352 on 08/15/23, the lowest level in the past month. A 52-week high of $2.10 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 -89.95% or -$0.5756, and marked a new high 6 times. However, the stock has declined by -96.94% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 4.44, the price-to-book (PB) ratio of 0.25.
Financial Health
In the three months ended June 29, 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 fell -231.25% to $0.38 million during the quarter, while net income inched up to $0.16 million. While analysts expected Tivic Health Systems Inc. to report -$0.08 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated -$2.08 million in EBITDA. The liabilities of Tivic Health Systems Inc. were 1.44 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $146.6 million.
Technical Picture
This quick technical analysis looks at Tivic Health Systems Inc.’s (TIVC) price momentum. With a historical volatility rate of 408.77%, the RSI 9-day stood at 60.47% on 17 August.
With respect to its five-day moving average, the current Tivic Health Systems Inc. price is up by +57.21% percent or $0.0234. At present, TIVC shares trade +41.94% above its 20-day simple moving average and -63.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.45% below its SMA50 and -95.82% below its SMA200.
Stochastic coefficient K was 42.02% and Stochastic coefficient D was 26.69%, while ATR was 0.0155. Given the Stochastic reading of 36.65% for the 14-day period, the RSI (14) reading has been calculated as 53.90%.
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.
