Evofem Biosciences, Inc. (NASDAQ:EVFM) shares, rose in value on Thursday, Apr 08, with the stock price up by 1.44% to the previous day’s close as strong demand from buyers drove the stock to $1.76.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.74, falling within a range of $1.7300 and $1.8050. The value of beta (5-year monthly) is -0.26 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $6.87, and the low was $1.65. On the whole, EVFM has fluctuated by -21.27% over the past month.
With the market capitalization of Evofem Biosciences, Inc. currently standing at about $148.51 Million, investors are eagerly awaiting this quarter’s results, scheduled for May 04, 2021- May 10, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.49, which is expected to increase to -$2.12 for fiscal year 2021 and then to about -$0.96 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.26% in 2021, while the next year’s EPS growth is forecast to be -0.39%.
We see that EVFM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Sell.
4 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 3 recommend it as a Buy and no body called the EVFM stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EVFM currently trading nearly -23.61% and -42.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34, while the 7-day volatility ratio is showing 9.22% which for the 30-day chart, stands at 8.55%. Furthermore, Evofem Biosciences, Inc. (EVFM)’s beta value is -0.26, and its average true range (ATR) is 0.26. The company’s stock has been forecasted to trade at an average price of $5.5 over the course of the next 52 weeks, with a low of $3 and a high of $7. Based on these price targets, the low is 70.45 off current price, whereas the price has to move +297.73% to reach the yearly target high. Additionally, analysts’ median price of $6 is likely to be welcomed by investors because it represents an increase of +240.91% from the current levels.
A comparison of Evofem Biosciences, Inc. (EVFM) with its peers suggests the former has fared considerably weaker in the market. EVFM showed an intraday change of +1.44% in today’s session so far, and over the past year, it dropped by -66.54%. In comparison, Amgen Inc (AMGN) has moved lower at -0.3% today and is up +17.27% over the past 12 months. On the other hand, the price of Bristol-Myers Squibb Company (BMY) has risen 0.23% today. The stock, however, is off 7.24% from where it was a year ago. Additionally, there is a gain of 144% for Gilead Sciences Inc (GILD) in recent trading while the stock has seen an overall depriciation of -66.54% over the past year. The PE ratio stands at 0 for Evofem Biosciences, Inc., compared to 20.15 for Amgen Inc, and 0 for Bristol-Myers Squibb Company. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
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Data on historical trading for Evofem Biosciences, Inc. (NASDAQ:EVFM) indicates that the trading volumes over the past 10 days have averaged 5.66 Million and over the past 3 months, they’ve averaged 4.87 Million. According to company’s latest data on outstanding shares, there are 100.26 Million shares outstanding.
Nearly 2.53% of Evofem Biosciences, Inc.’s shares belong to company insiders and institutional investors own 33.98% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 8.93 Million shares as on March 14, 2021, resulting in a short ratio of 1.5. According to the data, the short interest in Evofem Biosciences, Inc. (EVFM) stood at 10.75% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 9.44 Million. The stock has fallen by -27.8% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the EVFM stock heading into the next quarter.