Eyenovia Inc (NASDAQ:EYEN), Stock Drops -35.11% Far This Year; What Analysts Say Next?

In last trading session, Eyenovia Inc (NASDAQ:EYEN) saw 0.46 million shares changing hands with its beta currently measuring 1.68. Company’s recent per share price level of $1.83 trading at $0.06 or 3.10% at ring of the bell on the day assigns it a market valuation of $80.74M. That closing price of EYEN’s stock is at a discount of -219.67% from its 52-week high price of $5.85 and is indicating a premium of 42.62% from its 52-week low price of $1.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.52 million shares which gives us an average trading volume of 404.16K if we extend that period to 3-months.

Eyenovia Inc (NASDAQ:EYEN) trade information

Upright in the green during last session for gaining 3.10%, in the last five days EYEN remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $1.83 price level, adding 3.68% to its value on the day. Eyenovia Inc’s shares saw a change of -12.02% in year-to-date performance and have moved 1.10% in past 5-day. Eyenovia Inc (NASDAQ:EYEN) showed a performance of -5.18% in past 30-days. Number of shares sold short was 1.83 million shares which calculate 4.9 days to cover the short interests.

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Eyenovia Inc (EYEN) estimates and forecasts

Statistics highlight that Eyenovia Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -9.85% of value to its shares in past 6 months, showing an annual growth rate of 19.28% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $120k for the same. And 3 analysts are in estimates of company making revenue of $120k in the next quarter that will end on Mar 2024.

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 -7.37% during past 5 years.

EYEN Dividends

Eyenovia Inc is more likely to be releasing its next quarterly report between March 28 and April 01 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.

Eyenovia Inc (NASDAQ:EYEN)’s Major holders

Insiders are in possession of 18.41% of company’s total shares while institution are holding 22.07 percent of that, with stock having share float percentage of 27.05%. Investors also watch the number of corporate investors in a company very closely, which is 22.07% institutions for Eyenovia Inc that are currently holding shares of the company. Armistice Capital, LLC is the top institutional holder at EYEN for having 3.09 million shares of worth $5.65 million. And as of Sep 29, 2023, it was holding 7.00% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 1.52 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 3.45% of outstanding shares, having a total worth of $2.78 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 0.77 million shares of worth $1.41 million or 1.75% of the total outstanding shares. The later fund manager was in possession of 0.74 million shares on Sep 29, 2023, making its stake of worth around $1.35 million in the company or a holder of 1.67% of company’s stock.

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