BioVie Inc (NASDAQ: BIVI): Analyst View Points To Future Growth

BioVie Inc (BIVI) concluded trading on Thursday at a closing price of $3.11, with 3.16 million shares of worth about $9.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.39% during that period and on November 21, 2024 the price saw a loss of about -7.44%. Currently the company’s common shares owned by public are about 7.98M shares, out of which, 6.90M shares are available for trading.

Stock saw a price change of -2.20% in past 5 days and over the past one month there was a price change of 21.01%. Year-to-date (YTD), BIVI shares are showing a performance of -75.32% which decreased to -92.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.04 but also hit the highest price of $58.20 during that period. The average intraday trading volume for BioVie Inc shares is 5.48 million. The stock is currently trading 5.61% above its 20-day simple moving average (SMA20), while that difference is up 36.18% for SMA50 and it goes to -32.34% lower than SMA200.

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BioVie Inc (NASDAQ: BIVI) currently have 7.98M outstanding shares and institutions hold larger chunk of about 17.82% of that.

The stock has a current market capitalization of $55.26M and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$5.70 in the same period. It has Quick Ratio of 2.95 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BIVI, volatility over the week remained 14.24% while standing at 14.58% over the month.

Stock’s fiscal year EPS is expected to rise by 39.59%.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cantor Fitzgerald on July 22, 2022 offering an Overweight rating for the stock and assigned a target price of $7 to it. Coverage by B. Riley Securities stated BioVie Inc (BIVI) stock as a Buy in their note to investors on January 15, 2021, suggesting a price target of $47 for the stock.

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