Eyenovia Inc (NASDAQ: EYEN) Stock Forecast For 2024: Increases Growth Prospects To $9 Per Share

In the latest trading session, 0.44 million Eyenovia Inc (NASDAQ:EYEN) shares changed hands as the company’s beta touched 1.66. With the company’s most recent per share price at $0.48 changing hands around $0.02 or 4.05% at last look, the market valuation stands at $41.32M. EYEN’s current price is a discount, trading about -435.42% off its 52-week high of $2.57. The share price had its 52-week low at $0.37, which suggests the last value was 22.92% up since then. When we look at Eyenovia Inc’s average trading volume, we note the 10-day average is 0.66 million shares, with the 3-month average coming to 1.57 million.

Eyenovia Inc (NASDAQ:EYEN) trade information

Instantly EYEN is in green as seen in intraday trades today. With action -4.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -76.78%, with the 5-day performance at -4.88% in the red. However, in the 30-day time frame, Eyenovia Inc (NASDAQ:EYEN) is 5.74% up. Looking at the short shares, we see there were 2.29 million shares sold at short interest cover period of 2.97 days.

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Eyenovia Inc (EYEN) estimates and forecasts

Data shows that the Eyenovia Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -41.55% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 17.10%. Year-over-year growth is forecast to reach 47,150.00% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 160k. 3 analysts are of the opinion that Eyenovia Inc’s revenue for the current quarter will be 1.7M. The estimates for the next quarter sales put growth at 56,566.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.26%. The 2024 estimates are for Eyenovia Inc earnings to increase by 4.88%.

EYEN Dividends

Eyenovia Inc is expected to release its next quarterly earnings report on 2024-Nov-12.

Eyenovia Inc (NASDAQ:EYEN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.99% of Eyenovia Inc shares while 13.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.23%. There are 13.71% institutions holding the Eyenovia Inc stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 13.0037% of the shares, roughly 6.06 million EYEN shares worth $3.6 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.0365% or 1.88 million shares worth $1.12 million as of 2024-06-30.