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The Growth Opportunity In Vivakor Inc. (NASDAQ: VIVK)

Vivakor Inc. (NASDAQ:VIVK) shares, rose in value on Wednesday, 06/22/22, with the stock price up by 10.95% to the previous day’s close as strong demand from buyers drove the stock to $2.33.

Actively observing the price movement in the last trading, the stock closed the session at $2.10, falling within a range of $1.98 and $2.74. The value of beta (5-year monthly) was 0.60. Referring to stock’s 52-week performance, its high was $12.63, and the low was $1.39. On the whole, VIVK has fluctuated by 44.72% over the past month.

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With the market capitalization of Vivakor Inc. currently standing at about $39.07 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 20, 2018 – Apr 23, 2018.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VIVK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VIVK currently trading nearly 29.88% and 24.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.21, while the 7-day volatility ratio is showing 30.47% which for the 30-day chart, stands at 14.10%. Furthermore, Vivakor Inc. (VIVK)’s beta value is 0.03, and its average true range (ATR) is 0.32.

A comparison of Vivakor Inc. (VIVK) with its peers suggests the former has fared considerably weaker in the market. VIVK showed an intraday change of 10.95% in last session, and over the past year, it shrunk by -76.06%%. In comparison, Merrimack Pharmaceuticals Inc. (MACK) has moved lower at -4.01% on the day and was down -6.99% over the past 12 months. On the other hand, the price of Exact Sciences Corporation (EXAS) has risen 3.81% on the day. The stock, however, is off -69.13% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.

Data on historical trading for Vivakor Inc. (NASDAQ:VIVK) indicates that the trading volumes over the past 3 months, they’ve averaged 2.04 million. According to company’s latest data on outstanding shares, there are 16.77 million shares outstanding.

Nearly 27.90% of Vivakor Inc.’s shares belong to company insiders and institutional investors own 2.10% of the company’s shares. The stock has fallen by -69.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VIVK stock heading into the next quarter.

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