Eyenovia Inc (NASDAQ:EYEN) saw an upside of 8.60% to $1.71 after adding $0.14 on Tuesday. The 5-day average trading volume is 225,397 shares of the company’s common stock. It has gained $1.7699 in the past week and touched a new high 1 time within the past 5 days. An average of 230,989 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 246,932.
EYEN’s 1-month performance is -10.73% or -$0.2090 on its low of $1.5650 reached on 09/25/23. The company’s shares have touched a 52-week low of $1.50 and high of $5.85, with the stock’s rally to the 52-week high happening on 05/03/23. YTD, EYEN has achieved 4.60% or $0.0710 and has reached a new high 31 times. However, the current price is down -70.85% from the 52-week high price.
Insider Transactions
EYEN stock investors last saw insider trading activity on Sep 19.Ianchulev Tsontcho (Director) most recently sold 90,000 shares at $5.50 per share on May 01. This transaction cost the insider $495,000. Director, Ianchulev Tsontcho, sold 60,000 shares at a price of $5.00 on Apr 27. Then, on Apr 14, Director Ianchulev Tsontcho sold 40,000 shares at a price of $4.50 per share. This transaction amounted to $180,000.
Valuation Metrics
EYEN stock has a beta of 1.70. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 6.19.
Eyenovia Inc’s quick ratio for the period ended June 29 was 4.85, with the current ratio over the same period at 4.85. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.40, while the total debt to equity was 1.54. In terms of profitability, the gross margin trailing 12 months is 96.98%.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -16.4% to -$6.22 million, while revenue of -$5.74 million was 7.72% off the previous quarter. Analysts expected EYEN to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.16, representing a 5.90% surprise. EBITDA for the quarter stood at more than -$5.81 million. EYEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 18.82 million, with total debt at $16.14 million. Shareholders hold equity totaling $38.21 million.
Let’s look briefly at Eyenovia Inc (EYEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 46.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 60.14%.
The stock’s 5-day moving average is $1.6322, reflecting a +0.65% or $0.0110 change from its current price. EYEN is currently trading -9.04% above its 20-day SMA, -70.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.41% and SMA200 by-3.35%.
Stochastic %K and %D was 15.98% and 9.33% and the average true range (ATR) pointed at 0.1092. The RSI (14) points at 42.49%, while the 14-day stochastic is at 41.21% with the period’s ATR at 0.1117. The stock’s 9-day MACD Oscillator is pointing at -0.0376 and -0.0900 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Eyenovia Inc (NASDAQ: EYEN), Northland Capital launched coverage with an Outperform rating. Analysts offering their rating for EYEN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EYEN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is EYEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.00 and a high of $15.00, with their median price target at $13.50. Looking at these predictions, the average price target given by analysts is for Eyenovia Inc (EYEN) stock is $13.50.
