In the last trading session, 1.57 million shares of the BioVie Inc (NASDAQ:BIVI) were traded, and its beta was 0.98. Most recently the company’s share price was $2.76, and it changed around -$0.24 or -8.00% from the last close, which brings the market valuation of the company to $49.87M. BIVI currently trades at a discount to its 52-week high of $33.10, offering almost -1099.28% off that amount. The share price’s 52-week low was $1.04, which indicates that the current value has risen by an impressive 62.32% since then. We note from BioVie Inc’s average daily trading volume that its 10-day average is 1.63 million shares, with the 3-month average coming to 5.86 million.
BioVie Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BIVI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
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BioVie Inc (NASDAQ:BIVI) trade information
Instantly BIVI has showed a red trend with a performance of -8.00% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.14 on recent trading dayincreased the stock’s daily price by 12.1%. The company’s shares are currently down -78.10% year-to-date, but still down -10.97% over the last five days. On the other hand, BioVie Inc (NASDAQ:BIVI) is 4.15% up in the 30-day period. We can see from the shorts that 1.92 million shares have been sold at a short interest cover period of 0.15 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.73%.
BIVI Dividends
BioVie Inc’s next quarterly earnings report is expected to be released in January.
BioVie Inc (NASDAQ:BIVI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.69% of BioVie Inc shares, and 9.99% of them are in the hands of institutional investors. The stock currently has a share float of 11.57%. BioVie Inc stock is held by 55.0 institutions, with ALTIUM CAPITAL MANAGEMENT LP being the largest institutional investor. By 2024-06-30, it held 4.4248% of the shares, which is about 1.98 million shares worth $0.79 million.
SABBY MANAGEMENT, LLC, with 1.6362% or 0.73 million shares worth $0.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
