Is Eyenovia Inc (NASDAQ: EYEN) A Good Stock To Invest In Right Now?

Eyenovia Inc (NASDAQ:EYEN) price on Wednesday, May 21, fall -16.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.40.

A look at the stock’s price movement, the close in the last trading session was $1.67, moving within a range at $1.37 and $1.67. The beta value (5-Year monthly) was 0.764. Turning to its 52-week performance, $124.80 and $0.85 were the 52-week high and 52-week low respectively. Overall, EYEN moved 28.44% over the past month.

Eyenovia Inc’s market cap currently stands at around $4.03 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-18.

Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.84M, representing a 6,591.66% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that EYEN is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

EYEN’s current price about 20.32% and 16.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.00, while 7-day volatility ratio is 13.30% and 9.08% in the 30-day chart. Further, Eyenovia Inc (EYEN) has a beta value of 1.02, and an average true range (ATR) of 0.15.

If we refocus on Eyenovia Inc (NASDAQ:EYEN), historical trading data shows that trading volumes averaged 5.75 over the past 10 days and 1.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.83 million shares.

The 4.69% of Eyenovia Inc’s shares are in the hands of company insiders while institutional holders own 9.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 80092.0 on 2025-04-30, giving us a short ratio of 1.94. The data shows that as of 2025-04-30 short interest in Eyenovia Inc (EYEN) stood at 283.99998 of shares outstanding, with shares short falling to 0.12 million registered in 2025-03-31. Current price change has pushed the stock -88.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EYEN stock continues to rise going into the next quarter.

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