BioVie Inc (NASDAQ: BIVI): Is It Possible To Be Down -78.25% YTD And Still Lose Money

During the last session, BioVie Inc (NASDAQ:BIVI)’s traded shares were 2.1 million, with the beta value of the company hitting 1.05. At the end of the trading day, the stock’s price was $2.74, reflecting an intraday loss of -3.52% or -$0.1. The 52-week high for the BIVI share is $58.20, that puts it down -2024.09 from that peak though still a striking 62.04% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $48.65M, and the average intraday trading volume over the past 10 days was 30.94 million shares, and the average trade volume was 4.90 million shares over the past three months.

BioVie Inc (BIVI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BIVI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

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BioVie Inc (NASDAQ:BIVI) trade information

BioVie Inc (BIVI) registered a -3.52% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.52% in intraday trading to $2.74, hitting a weekly high. The stock’s 5-day price performance is 1.11%, and it has moved by 130.25% in 30 days. Based on these gigs, the overall price performance for the year is -93.72%. The short interest in BioVie Inc (NASDAQ:BIVI) is 0.19 million shares and it means that shorts have 0.64 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.73%. While earnings are projected to return 39.59% in 2024.

BIVI Dividends

BioVie Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

BioVie Inc (NASDAQ:BIVI)’s Major holders

BioVie Inc insiders own 13.69% of total outstanding shares while institutional holders control 9.92%, with the float percentage being 11.49%. ALTIUM CAPITAL MANAGEMENT LP is the largest shareholder of the company, while 62.0 institutions own stock in it. As of 2024-06-30, the company held over 1.98 million shares (or 4.4248% of all shares), a total value of $0.79 million in shares.

The next largest institutional holding, with 0.73 million shares, is of SABBY MANAGEMENT, LLC’s that is approximately 1.6362% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.29 million.