As of Thursday close, Aravive Inc.’s (NASDAQ:ARAV) stock was down -$0.02, moving down -14.81 percent to $0.15. The average number of shares traded per day over the past five days has been 34,306,477 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0220 gain in that time frame. In the last twenty days, the average volume was 14,775,379, while in the previous 50 days, it was 7,085,918.
Since last month, ARAV stock retreated -88.31%. Shares of the company fell to $0.1104 on 08/28/23, 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 $0.11. Since the beginning of this year, ARAV’s stock price has dropped by -88.71% or -$1.1710, and marked a new high 11 times. However, the stock has declined by -93.94% since its 52-week high.
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Financial Health
In the three months ended June 29, Aravive Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, 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 lower net income in the recent quarter than it did in the previous quarter. ARAV’s revenue fell -27.56% to $1.49 million during the quarter, while net income inched up to $1.27 million. While analysts expected Aravive Inc. to report -$0.29 quarterly earnings, the actual figure was -$0.12 per share, beating the consensus estimate by 58.60%. During the quarter, the company generated -$12.37 million in EBITDA. The liabilities of Aravive Inc. were 45.55 million at the end of its most recent quarter ended June 29, and its total debt was $2.97 million. The value of shareholders’ equity is $73.56 million.
Technical Picture
This quick technical analysis looks at Aravive Inc.’s (ARAV) price momentum. With a historical volatility rate of 281.96%, the RSI 9-day stood at 26.25% on 31 August.
With respect to its five-day moving average, the current Aravive Inc. price is up by +17.32% percent or $0.0220. At present, ARAV shares trade -48.59% below its 20-day simple moving average and -91.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -90.26% below its SMA50 and -90.32% below its SMA200.
Stochastic coefficient K was 30.12% and Stochastic coefficient D was 18.35%, while ATR was 0.0503. Given the Stochastic reading of 31.03% for the 14-day period, the RSI (14) reading has been calculated as 22.72%.
Analyst Ratings
Aravive Inc. (ARAV) has been rated Hold by analysts. According to 0 brokerage firms, ARAV is a sell, and 4 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 1 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $0.25 – $12.00. Based on these forecasts, analysts predict Aravive Inc. (ARAV) will achieve an average price target of $7.42.
