Eyenovia Inc (NASDAQ: EYEN) In 2024: Will It Be A Valuable Investment?

In today’s recent session, 2.76 million shares of the Eyenovia Inc (NASDAQ:EYEN) have been traded, and its beta is 1.44. Most recently the company’s share price was $0.09, and it changed around $0.0 or 4.79% from the last close, which brings the market valuation of the company to $7.94M. EYEN at last check was trading at a discount to its 52-week high of $2.57, offering almost -2755.56% off that amount. The share price’s 52-week low was $0.08, which indicates that the recent value has risen by an impressive 11.11% since then. We note from Eyenovia Inc’s average daily trading volume that its 10-day average is 15.22 million shares, with the 3-month average coming to 5.51 million.

Eyenovia Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended EYEN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Eyenovia Inc is expected to report earnings per share of -0.09 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Eyenovia Inc (NASDAQ:EYEN) trade information

Instantly EYEN has been showing a green trend so far today with a performance of 4.79% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1025 on recent trading dayincreased the stock’s daily price by 12.2%. The company’s shares are currently down -95.58% year-to-date, but still down -0.11% over the last five days. On the other hand, Eyenovia Inc (NASDAQ:EYEN) is -81.11% down in the 30-day period. We can see from the shorts that 2.14 million shares have been sold at a short interest cover period of 2.45 day(s).

Eyenovia Inc (EYEN) estimates and forecasts

Eyenovia Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -87.79 percent over the past six months and at a 10.61% annual growth rate that is well below the industry average of 17.10%. The year-over-year growth rate is expected to be 22,670.45%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 848.5k in revenue for the current quarter. 1 analysts expect Eyenovia Inc to make 400k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.59k and 4.99k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 32,660.62%. Forecasts for the next quarter put sales growth at 7,916.03%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.26%.

EYEN Dividends

Eyenovia Inc’s next quarterly earnings report is expected to be released in January.

Eyenovia Inc (NASDAQ:EYEN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.99% of Eyenovia Inc shares, and 13.73% of them are in the hands of institutional investors. The stock currently has a share float of 15.25%. Eyenovia Inc stock is held by 67.0 institutions, with ARMISTICE CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 13.0037% of the shares, which is about 6.06 million shares worth $3.6 million.

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

Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 1.43 shares worth $0.13 million, making up 1.65% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 430.39 shares worth around $39509.0, which represents about 0.50% of the total shares outstanding.