Tivic Health Systems Inc. (NASDAQ:TIVC) shares, rose in value on Thursday, 05/25/23, with the stock price down by -0.41% to the previous day’s close as strong demand from buyers drove the stock to $0.12.
Actively observing the price movement in the last trading, the stock closed the session at $0.12, falling within a range of $0.1112 and $0.1208. Referring to stock’s 52-week performance, its high was $2.87, and the low was $0.12. On the whole, TIVC has fluctuated by -11.76% over the past month.
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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.07 for fiscal year -$0.33 and then to about -$0.24 by fiscal year 2024. Data indicates that the EPS growth is expected to be 68.30% in 2024, while the next year’s EPS growth is forecast to be 27.30%.
Analysts have estimated the company’s revenue for the quarter at $630k, with a low estimate of $630k and a high estimate of $630k. According to the average forecast, sales growth in current quarter could jump up 19.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $3.12 million, representing an increase of 69.60% from the revenues reported in the last year’s results.
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 TIVC’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 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
0 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 0 analyst(s), 0 recommend it as a Buy and 0 called the TIVC stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 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 -.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TIVC currently trading nearly -14.19% and -20.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.17, while the 7-day volatility ratio is showing 8.50% which for the 30-day chart, stands at 13.78%. Furthermore, Tivic Health Systems Inc. (TIVC)’s average true range (ATR) is 0.02.
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Data on historical trading for Tivic Health Systems Inc. (NASDAQ:TIVC) indicates that the trading volumes over the past 10 days have averaged 6.05 million and over the past 3 months, they’ve averaged 2.83 million. According to company’s latest data on outstanding shares, there are 9.68 million shares outstanding.
Nearly 10.15% of Tivic Health Systems Inc.’s shares belong to company insiders and institutional investors own 0.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.27 million shares as on Apr 27, 2023, resulting in a short ratio of 0.12. According to the data, the short interest in Tivic Health Systems Inc. (TIVC) stood at 0.89% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 0.52 million. The stock has fallen by -81.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TIVC stock heading into the next quarter.
