Tivic Health Systems Inc. (NASDAQ:TIVC) saw a downside of -1.34% to close Monday at $0.06 after subtracting $0.0 on the day. The 5-day average trading volume is 225,612,344 shares of the company’s common stock. It has gained $0.1146 in the past week and touched a new high 3 times within the past 5 days. An average of 87,371,195 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 45,161,273.
TIVC’s 1-month performance is 31.11% or $0.0140 on its low of $0.0352 reached on 08/15/23. The company’s shares have touched a 52-week low of $0.04 and high of $2.08, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, TIVC has lost -90.78% or -$0.5809 and has reached a new high 6 times. However, the current price is down -97.16% from the 52-week high price.
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Valuation Metrics
TIVC stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.60 while the price-to-book (PB) in the most recent quarter is 0.23.
Tivic Health Systems Inc.’s quick ratio for the period ended June 29 was 3.50, with the current ratio over the same period at 4.10. In terms of profitability, the gross margin trailing 12 months is 19.70%. The firm’s gross profit as reported stood at $0.3 million against revenue of $1.84 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -41.78% to -$2.13 million, while revenue of -$2.12 million was 0.47% off the previous quarter. Analysts expected TIVC to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.07, representing a 12.50% surprise. EBITDA for the quarter stood at more than -$2.08 million. TIVC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.44 million, with total debt at $0.46 million. Shareholders hold equity totaling $146.6 million.
Let’s look briefly at Tivic Health Systems Inc. (TIVC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 55.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 317.31%.
The stock’s 5-day moving average is $0.0575, reflecting a +48.24% or $0.0192 change from its current price. TIVC is currently trading +38.17% above its 20-day SMA, -66.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -38.61% and SMA200 by-96.19%.
Stochastic %K and %D was 32.54% and 41.71% and the average true range (ATR) pointed at 0.0153. The RSI (14) points at 50.89%, while the 14-day stochastic is at 29.97% with the period’s ATR at 0.0142. The stock’s 9-day MACD Oscillator is pointing at 0.0111 and 0.0098 on the 14-day charts.
