Bears Are Back On The Defensive As Enveric Biosciences Inc (ENVB) tumbled -7.84%

Enveric Biosciences Inc (NASDAQ:ENVB) has a beta value of 0.73 and has seen 16.22 million shares traded in the recent trading session. The company, currently valued at $3.39M, closed the recent trade at $0.38 per share which meant it lost -$0.03 on the day or -7.84% during that session. The ENVB stock price is -668.42% off its 52-week high price of $2.92 and -7.89% below the 52-week low of $0.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 69090.0 shares traded. The 3-month trading volume is 1.09 million shares.

Enveric Biosciences Inc (NASDAQ:ENVB) trade information

Sporting -7.84% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ENVB stock price touched $0.38 or saw a rise of 15.56%. Year-to-date, Enveric Biosciences Inc shares have moved -70.79%, while the 5-day performance has seen it change -8.51%. Over the past 30 days, the shares of Enveric Biosciences Inc (NASDAQ:ENVB) have changed -24.21%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 1.86.

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Enveric Biosciences Inc (ENVB) estimates and forecasts

Figures show that Enveric Biosciences Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -58.32% over the past 6 months, with this year growth rate of 74.03%, compared to 17.40% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 71.22% over the past 5 years.

ENVB Dividends

Enveric Biosciences Inc is expected to release its next earnings report on 2024-Nov-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Enveric Biosciences Inc (NASDAQ:ENVB)’s Major holders

Insiders own 2.42% of the company shares, while shares held by institutions stand at 5.67% with a share float percentage of 5.81%. Investors are also buoyed by the number of investors in a company, with Enveric Biosciences Inc having a total of 15.0 institutions that hold shares in the company. The top two institutional holders are ADVISORSHARES INVESTMENTS LLC with over 0.32 million shares worth more than $0.19 million. As of 2024-06-30, ADVISORSHARES INVESTMENTS LLC held 7.9233% of shares outstanding.

The other major institutional holder is GEODE CAPITAL MANAGEMENT, LLC, with the holding of over 44659.0 shares as of 2024-06-30. The firm’s total holdings are worth over $27688.0 and represent 1.1161% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are AdvisorShares Trust-AdvisorShares Psychedelics ETF and Fidelity NASDAQ Composite Index Fund. As of Sep 30, 2024, the former fund manager holds about 4.11% shares in the company for having 367.05 shares of worth $0.14 million while later fund manager owns 163.68 shares of worth $60546.0 as of Aug 31, 2024, which makes it owner of about 1.84% of company’s outstanding stock.