Boom Or Bust: Where Is Eyenovia Inc (NASDAQ: EYEN) Stock Headed Next?

Eyenovia Inc (NASDAQ:EYEN)’s traded shares stood at 11.1 million during the last session, with the company’s beta value hitting 1.44. At the close of trading, the stock’s price was $0.10, to imply an increase of 6.42% or $0.01 in intraday trading. The EYEN share’s 52-week high remains $2.57, putting it -2470.0% down since that peak but still an impressive 20.0% since price per share fell to its 52-week low of $0.08. The company has a valuation of $9.33M, with an average of 19.63 million shares in intraday trading volume over the past 10 days and average of 5.12 million shares over the past 3 months.

Eyenovia Inc (NASDAQ:EYEN) trade information

After registering a 6.42% upside in the last session, Eyenovia Inc (EYEN) has traded red over the past five days. The 5-day price performance for the stock is -10.28%, and -81.12% over 30 days. With these gigs, the year-to-date price performance is -95.30%. Short interest in Eyenovia Inc (NASDAQ:EYEN) saw shorts transact 2.14 million shares and set a 2.45 days time to cover.

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Eyenovia Inc (EYEN) estimates and forecasts

Looking at statistics comparing Eyenovia Inc share performance against respective industry, we note that the company has underperformed competitors. Eyenovia Inc (EYEN) shares are -87.30% down over the last 6 months, with its year-to-date growth rate lower than industry average at 10.61% against 17.30%. The rating firms project that company’s revenue will grow 22,441.69% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 834.67k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 700k.Earnings reports from the last fiscal year show that sales brought in 2.59k and 4.99k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 32,126.64% before jumping 13,928.06% in the following quarter.

EYEN Dividends

Eyenovia Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Eyenovia Inc (NASDAQ:EYEN)’s Major holders

Eyenovia Inc insiders hold 9.99% of total outstanding shares, with institutional holders owning 13.73% of the shares at 15.25% float percentage. In total, 13.73% institutions holds shares in the company, led by ARMISTICE CAPITAL, LLC. As of 2024-06-30, the company held over 6.06 million shares (or 13.0037% of shares), all amounting to roughly $3.6 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.88 million shares, or about 4.0365% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.12 million.