In the last trading session, 1.63 million shares of the Enveric Biosciences Inc (NASDAQ:ENVB) were traded, and its beta was 0.83. Most recently the company’s share price was $1.14, and it changed around $0.25 or 28.09% from the last close, which brings the market valuation of the company to $8.31M. ENVB currently trades at a discount to its 52-week high of $6.98, offering almost -512.28% off that amount. The share price’s 52-week low was $0.65, which indicates that the current value has risen by an impressive 42.98% since then. We note from Enveric Biosciences Inc’s average daily trading volume that its 10-day average is 5.91 million shares, with the 3-month average coming to 4.39 million.
Enveric Biosciences Inc (NASDAQ:ENVB) trade information
Instantly ENVB has showed a green trend with a performance of 28.09% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -12.31% year-to-date, but still up 8.57% over the last five days. On the other hand, Enveric Biosciences Inc (NASDAQ:ENVB) is -31.33% down in the 30-day period. We can see from the shorts that 0.15 million shares have been sold at a short interest cover period of 0.02 day(s).
Enveric Biosciences Inc (ENVB) estimates and forecasts
Enveric Biosciences Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -52.10 percent over the past six months and at a 66.79% annual growth rate that is well above the industry average of 13.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 55.10% in revenue this quarter, and will report an increase of 78.60% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 71.22%.
ENVB Dividends
Enveric Biosciences Inc’s next quarterly earnings report is expected to be released around March 29 and April 02.
Enveric Biosciences Inc (NASDAQ:ENVB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.06% of Enveric Biosciences Inc shares, and 6.71% of them are in the hands of institutional investors. The stock currently has a share float of 7.22%. Enveric Biosciences Inc stock is held by 16 institutions, with AdvisorShares Investments, LLC being the largest institutional investor. By Jun 29, 2023, it held 4.60% of the shares, which is about 0.1 million shares worth $0.34 million.
Blackrock Inc., with 1.36% or 29578.0 shares worth $99677.0 as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
AdvisorShares Trust-AdvisorShares Psychedelics ETF and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2023. The former held 0.15 million shares worth $0.35 million, making up 6.73% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 12515.0 shares worth around $42175.0, which represents about 0.57% of the total shares outstanding.
