INVO Bioscience Inc (NASDAQ:INVO) Slides 4.90 Percent In Recent Trade, What Can We Expect Next?

INVO Bioscience Inc (NASDAQ:INVO) traded at $1.07 at last check on current trade day and made an upward move of 4.90% on its previous day’s price.

Looking at the stock we see that its previous close was $1.02 and the beta (5Y monthly) reads 1.436 with the day’s price range being $0.9012 – $1.13. In terms of its 52-week price range, INVO has a high of $3.50 and a low of $0.50. The company’s stock has gained about 56.66% over that past 30 days.

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INVO Bioscience Inc has a market cap of $4.18 million and is expected to release its quarterly earnings report on 2023-Apr-17.

On the other hand, looking at the outlook for the INVO stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 42.01% off its SMA20 and 37.27% from its 50-day simple moving average. The RSI (14) is pointing at 65.28 while the volatility over the past week is 34.46% and jumps to 12.04% over the past one month. The beta value is 1.42, while the average true range (ATR) is currently pointing at 0.12.

Coming back to INVO Bioscience Inc (NASDAQ:INVO), we note that the average 3-month trading volume was 1.10 million, while that of the preceding 10-day period stands at 6.05 million. Current shares outstanding are 3.91 million.

The insiders hold 0.63% of the company’s shares while institutions hold 3.10%. The data shows that short shares as of 2024-09-30, stood at 1949.0 at a short ratio of 0.04. This represents a 5.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 0.12 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -20.74% down in year-to-date price movement.

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