In the last trading session, 1,292,558 shares of the Ovid Therapeutics Inc.(NASDAQ:OVID) were traded, and its beta was 1.85. Most recently the company’s share price was $3.47, and it changed around $0.04 or 0.01% from the last close, which brings the market valuation of the company to $220.12 Million. OVID currently trades at a discount to its 52-week high of $9.4, offering almost -170.89% off that amount. The share price’s 52-week low was $1.8, which indicates that the current value has risen by an impressive 48.13% since then. We note from Ovid Therapeutics Inc.’s average daily trading volume that its 10-day average is 2.75 Million shares, with the 3-month average coming to 2.4 Million.
Ovid Therapeutics Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 7 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended OVID as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. Ovid Therapeutics Inc. is expected to report earnings per share of -$0.31 for the current quarter.
Ovid Therapeutics Inc. (NASDAQ:OVID): Trading Information
Instantly OVID has showed a green trend with a performance of 1.17% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.97- on Tuesday, Feb 16 increased the stock’s daily price by 12.59%. The company’s shares are currently up 0.5% year-to-date, but still up 0.0389 over the last five days. On the other hand, Ovid Therapeutics Inc. (NASDAQ:OVID) is 0.39% up in the 30-day period. We can see from the shorts that 2.94 Million shares have been sold at a short interest cover period of 1.23 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bears needing to increase their stock price by 130.55% from its current value. Analyst projections state that OVID is forecast to be at a low of $4 and a high of $16. In order for the stock price to hit the forecast high, the stock would need to surge +361.1% from its current level, while the stock would need to crash 15.27% from its current level to reach the projected low.
Ovid Therapeutics Inc. (OVID) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Ovid Therapeutics Inc. earnings are expected to increase by 26.9% in 2021, but the outlook is negative 0% per year for the next five years.
Ovid Therapeutics Inc. (NASDAQ:OVID)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 34.69% of Ovid Therapeutics Inc. shares, and 39.8% of them are in the hands of institutional investors. The stock currently has a share float of 60.94%. Ovid Therapeutics Inc. stock is held by 118 institutions, with BVF Inc. being the largest institutional investor. By Sep 29, 2020, it held 5.71% of the shares, which is about 3.62 Million shares worth $20.79 Million.
Blackrock Inc., with 5.38% or 3.41 Million shares worth $7.88 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.