The stock of Aravive Inc. (NASDAQ:ARAV) decreased by -$0.02 on Monday to finish at $0.11, down -10.50 percent. The last five days have seen an average of 9,571,840 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$1.2075. The average number of shares traded over the last 20 days was 9,546,290, while the average volume over the last 50 days totaled 4,021,246.
ARAV stock dropped -92.02% since last month. On 08/28/23, the company’s shares reached a one-month low of $0.1104. The stock touched a high of $2.46 on 03/21/23, after rallying from a low of $0.12 in 52 weeks. The price of ARAV stock has declined by -91.48% or -$1.2075 this year, reaching a new high 11 times. Still, the stock price is down -95.43% from the 52-week high.
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Financial Health
For the three months ended June 29, Aravive Inc.’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $79.97 million and revenue of $9.14 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ARAV’s return on assets (ROA) during the last 12 months has been -177.30%. In the meantime, the return on equity (ROE) for the last 12 months was 937.80%.
Earnings Surprise
According to Aravive Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.27 million, while revenues fell by -27.56% to $1.49 million. It was predicted that Aravive Inc.’s quarterly earnings would be -$0.12, but it ended up being -$0.29, beating the consensus by 58.60%. EBITDA was -$12.37 million for the quarter. At the end of Aravive Inc.’s most recent quarter ended June 29, its liabilities totaled 45.55 million, while its total debt was $2.97 million. Equity owned by shareholders amounts to $73.56 million.
Technical Picture
Here’s a quick look at Aravive Inc.’s (ARAV) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 10.60%, suggesting the stock is oversold, with a 162.67% historical volatility rate.
The stochastic %K and %D were 3.84% and 4.02% respectively, while the average true range (ATR) was 0.0534. Based on the 14-day stochastic reading of 1.69%, the RSI (14) reading is 15.13%. On the 9-day MACD Oscillator, the stock is at -0.0455, and the 14-day reading is at -0.0605.
Analyst Ratings
Analysts have assigned Aravive Inc. (ARAV) an Hold rating. ARAV is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is ARAV’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.25 and $12.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Aravive Inc. (ARAV) is $7.42.
