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BioVie Inc. (NASDAQ:BIVI) Currently -9.48% Below Its 52-Week High, But There May Be A Surprise Downside

In last trading session, BioVie Inc. (NASDAQ:BIVI) saw 0.15 million shares changing hands with its beta currently measuring 2.72. Company’s recent per share price level of $6.12 trading at $0.15 or 2.51% at ring of the bell on the day assigns it a market valuation of $169.03M. That closing price of BIVI’s stock is at a discount of -9.48% from its 52-week high price of $6.70 and is indicating a premium of 78.27% from its 52-week low price of $1.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.28 million shares which gives us an average trading volume of 452.55K if we extend that period to 3-months.

For BioVie Inc. (BIVI), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.28 in the current quarter.

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BioVie Inc. (NASDAQ:BIVI) trade information

Upright in the green during last session for gaining 2.51%, in the last five days BIVI remained trading in the green while hitting it’s week-highest on Tuesday, 11/22/22 when the stock touched $6.12 price level, adding 2.08% to its value on the day. BioVie Inc.’s shares saw a change of 36.00% in year-to-date performance and have moved 24.14% in past 5-day. BioVie Inc. (NASDAQ:BIVI) showed a performance of 53.96% in past 30-days. Number of shares sold short was 0.12 million shares which calculate 1.24 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $9.00 to the stock, which implies a rise of 32.0% to its current value. Analysts have been projecting $7.00 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -96.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -14.38% for stock’s current value.

BioVie Inc. (BIVI) estimates and forecasts

The company is estimating its revenue growth to increase by 97.20% in the current quarter and calculating -13.60% decrease in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.70% during past 5 years.

BIVI Dividends

BioVie Inc. is more likely to be releasing its next quarterly report on September 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

BioVie Inc. (NASDAQ:BIVI)’s Major holders

Insiders are in possession of 77.89% of company’s total shares while institution are holding 4.18 percent of that, with stock having share float percentage of 18.91%. Investors also watch the number of corporate investors in a company very closely, which is 4.18% institutions for BioVie Inc. that are currently holding shares of the company. Sabby Management, LLC is the top institutional holder at BIVI for having 0.63 million shares of worth $0.91 million. And as of Jun 29, 2022, it was holding 12.05% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 0.16 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.16% of outstanding shares, having a total worth of $0.24 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.13 million shares of worth $0.18 million or 2.43% of the total outstanding shares. The later fund manager was in possession of 32672.0 shares on Jun 29, 2022, making its stake of worth around $47374.0 in the company or a holder of 0.63% of company’s stock.

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