Eyenovia Inc (NASDAQ:EYEN) Falls -4.44%, But An Additional Plunge May Follow.

In recent trading session, Eyenovia Inc (NASDAQ:EYEN) saw 2.35 million shares changing hands at last check today with its beta currently measuring 1.46. Company’s recent per share price level of $0.08 trading at $0.0 or -4.44% at last check today assigns it a market valuation of $8.87M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.87 million shares which gives us an average trading volume of 8.06 million if we extend that period to 3-months.

Eyenovia Inc (NASDAQ:EYEN) trade information

Upright in the red during last session for losing -4.44%, in the last five days EYEN remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $0.08 price level, adding 14.44% to its value on the day. Eyenovia Inc’s shares saw a change of -96.17% in year-to-date performance and have moved -9.24% in past 5-day. Eyenovia Inc (NASDAQ:EYEN) showed a performance of -33.22% in past 30-days. Number of shares sold short was 2.14 million shares which calculate 2.45 days to cover the short interests.

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Eyenovia Inc (EYEN) estimates and forecasts

Statistics highlight that Eyenovia Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -87.75% of value to its shares in past 6 months, showing an annual growth rate of 10.61% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 22,670.45% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 848.5k for the same. And 1 analysts are in estimates of company making revenue of 400k in the next quarter. Company posted 2.59k and 4.99k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 18.26% during past 5 years.

Eyenovia Inc (NASDAQ:EYEN)’s Major holders

Insiders are in possession of 9.99% of company’s total shares while institution are holding 13.73 percent of that, with stock having share float percentage of 15.25%. Investors also watch the number of corporate investors in a company very closely, which is 13.73% institutions for Eyenovia Inc that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at EYEN for having 6.06 million shares of worth $3.6 million. And as of 2024-06-30, it was holding 13.0037 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.0365 of outstanding shares, having a total worth of $1.12 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 1.43 shares of worth $0.11 million or 1.28% of the total outstanding shares. The later fund manager was in possession of 430.39 shares on Sep 30, 2024, making its stake of worth around $34302.0 in the company or a holder of 0.39% of company’s stock.