Now Is The Time To Build A Position In BioVie Inc (NASDAQ:BIVI)

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In last trading session, BioVie Inc (NASDAQ:BIVI) saw 0.64 million shares changing hands with its beta currently measuring 1.15. Company’s recent per share price level of $3.25 trading at $0.88 or 37.13% at ring of the bell on the day assigns it a market valuation of $19.89M. That closing price of BIVI’s stock is at a discount of -1690.77% from its 52-week high price of $58.20 and is indicating a premium of 36.31% from its 52-week low price of $2.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.23 million shares which gives us an average trading volume of 81.20K if we extend that period to 3-months.

For BioVie Inc (BIVI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 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 1 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 in the current quarter.

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BioVie Inc (NASDAQ:BIVI) trade information

Upright in the green during last session for gaining 37.13%, in the last five days BIVI remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $3.25 price level, adding 5.52% to its value on the day. BioVie Inc’s shares saw a change of -74.21% in year-to-date performance and have moved 31.05% in past 5-day. BioVie Inc (NASDAQ:BIVI) showed a performance of -21.19% in past 30-days. Number of shares sold short was 87191.0 shares which calculate 1.18 days to cover the short interests.

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 16.23% during past 5 years.

BioVie Inc (NASDAQ:BIVI)’s Major holders

Insiders are in possession of 39.63% of company’s total shares while institution are holding 10.89 percent of that, with stock having share float percentage of 18.04%. Investors also watch the number of corporate investors in a company very closely, which is 10.89% institutions for BioVie Inc that are currently holding shares of the company. ALTIUM CAPITAL MANAGEMENT LP is the top institutional holder at BIVI for having 3.01 million shares of worth $1.59 million. And as of 2024-03-31, it was holding 6.7244 of the company’s outstanding shares.

The second largest institutional holder is SABBY MANAGEMENT, LLC, which was holding about 0.69 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.5382 of outstanding shares, having a total worth of $0.36 million.

On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 41.51 shares of worth $0.13 million or 0.80% of the total outstanding shares. The later fund manager was in possession of 17.07 shares on Jun 30, 2024 , making its stake of worth around $55484.0 in the company or a holder of 0.33% of company’s stock.