In today’s recent session, 1,265,210 shares of the Dare Bioscience, Inc.(NASDAQ:DARE) have been traded, and its beta is 2. Most recently the company’s share price was $2.01, and it changed around -$0.13 or -0.06% from the last close, which brings the market valuation of the company to $84.03 Million. DARE at last check was trading at a discount to its 52-week high of $3.85, offering almost -91.54% off that amount. The share price’s 52-week low was $0.75, which indicates that the recent value has risen by an impressive 62.69% since then. We note from Dare Bioscience, Inc.’s average daily trading volume that its 10-day average is 1.19 Million shares, with the 3-month average coming to 3.18 Million.
Dare Bioscience, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended DARE as a Hold, whereas 6 deemed it a Buy, and no one rated it as Underweight. Dare Bioscience, Inc. is expected to report earnings per share of -$0.13 for the current quarter.
Dare Bioscience, Inc. (NASDAQ:DARE): Trading Information Today
Although DARE has been showing red trend so far today with a performance of -6.07% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.31- on Wednesday, Feb 17 increased the stock’s daily price by 16.01%. The company’s shares are currently up 0.45% year-to-date, but still down -0.1565 over the last five days. On the other hand, Dare Bioscience, Inc. (NASDAQ:DARE) is -0.34% down in the 30-day period. We can see from the shorts that 1.29 Million shares have been sold at a short interest cover period of 0.41 day(s).
The consensus price target as assigned by Wall Street analysts is $5.58, which translates to bears needing to increase their stock price by 177.61% from its current value. Analyst projections state that DARE is forecast to be at a low of $3 and a high of $9. In order for the stock price to hit the forecast high, the stock would need to surge +347.76% from its current level, while the stock would need to crash 49.25% from its current level to reach the projected low.
Dare Bioscience, Inc. (DARE) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 43%. Dare Bioscience, Inc. earnings are expected to increase by 38% in 2021, but the outlook is negative 0% per year for the next five years.
Dare Bioscience, Inc. (NASDAQ:DARE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 8.3% of Dare Bioscience, Inc. shares, and 5.89% of them are in the hands of institutional investors. The stock currently has a share float of 6.42%. Dare Bioscience, Inc. stock is held by 21 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 7.2% of the shares, which is about 2.99 Million shares worth $4.01 Million.
Renaissance Technologies, LLC, with 1.7% or 707.7 Thousand shares worth $948.31 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 725572 shares worth $724.63 Thousand, making up 1.74% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 124.78 Thousand shares worth around $167.21 Thousand, which represents about 0.3% of the total shares outstanding.