As of Wednesday close, Navidea Biopharmaceuticals Inc.’s (AMEX:NAVB) stock traded at $0.10. The average number of shares traded per day over the past five days has been 15,675,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0161 fall in that time frame. In the last twenty days, the average volume was 6,541,685, while in the previous 50 days, it was 5,149,604.
Since last month, NAVB stock rose 18.93%. Shares of the company fell to $0.0733 on 08/25/23, the lowest level in the past month. A 52-week high of $0.35 was reached on 02/08/23 after having rallying from a 52-week low of $0.06. Since the beginning of this year, NAVB’s stock price has dropped by -52.43% or -$0.1101, and marked a new high 4 times. However, the stock has declined by -71.46% since its 52-week high.
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Financial Health
In the three months ended September 29, Navidea Biopharmaceuticals Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. Based on annual data, NAVB earned -$0.12 million in gross profit and brought in $66000.0 in revenue.
While analysts expected Navidea Biopharmaceuticals Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by 27.30%. During the quarter, the company generated -$2.29 million in EBITDA. The liabilities of Navidea Biopharmaceuticals Inc. were 9.01 million at the end of its most recent quarter ended September 29, and its total debt was $1.34 million. The value of shareholders’ equity is $99.83 million.
Technical Picture
This quick technical analysis looks at Navidea Biopharmaceuticals Inc.’s (NAVB) price momentum. With a historical volatility rate of 167.15%, the RSI 9-day stood at 52.49% on 20 September.
With respect to its five-day moving average, the current Navidea Biopharmaceuticals Inc. price is down by -13.88% percent or -$0.0161. At present, NAVB shares trade +11.50% above its 20-day simple moving average and -59.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.55% below its SMA50 and -63.00% below its SMA200.
Stochastic coefficient K was 31.48% and Stochastic coefficient D was 39.05%, while ATR was 0.0187. Given the Stochastic reading of 35.57% for the 14-day period, the RSI (14) reading has been calculated as 53.03%.
Analyst Ratings
Aegis Capital reiterated its a Hold rating on Navidea Biopharmaceuticals Inc. (AMEX: NAVB) in a note to investors. The analysts firm has however raised their price target to $2, representing a possible 96.67% increase in the stock price. Navidea Biopharmaceuticals Inc. (NAVB) has been rated Buy by analysts. According to 0 brokerage firms, NAVB 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 Navidea Biopharmaceuticals Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $8.00 – $8.00. Based on these forecasts, analysts predict Navidea Biopharmaceuticals Inc. (NAVB) will achieve an average price target of $8.00.
