Boom Or Bust: What Does The Future Hold For BioVie Inc (NASDAQ: BIVI) Stock?

BioVie Inc (NASDAQ:BIVI)’s traded shares stood at 1.18 million during the last session, with the company’s beta value hitting 1.00. At the close of trading, the stock’s price was $2.25, to imply an increase of 4.65% or $0.1 in intraday trading. The BIVI share’s 52-week high remains $33.10, putting it -1371.11% down since that peak but still an impressive 53.78% since price per share fell to its 52-week low of $1.04. The company has a valuation of $39.98M, with an average of 1.24 million shares in intraday trading volume over the past 10 days and average of 6.04 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for BioVie Inc (BIVI), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give BIVI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.

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BioVie Inc (NASDAQ:BIVI) trade information

After registering a 4.65% upside in the last session, BioVie Inc (BIVI) has traded red over the past five days. The 5-day price performance for the stock is 6.13%, and -25.00% over 30 days. With these gigs, the year-to-date price performance is -82.14%. Short interest in BioVie Inc (NASDAQ:BIVI) saw shorts transact 1.92 million shares and set a 0.15 days time to cover.

BIVI Dividends

BioVie 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.

BioVie Inc (NASDAQ:BIVI)’s Major holders

BioVie Inc insiders hold 13.69% of total outstanding shares, with institutional holders owning 9.99% of the shares at 11.57% float percentage. In total, 9.99% institutions holds shares in the company, led by ALTIUM CAPITAL MANAGEMENT LP. As of 2024-06-30, the company held over 1.98 million shares (or 4.4248% of shares), all amounting to roughly $0.79 million.

The next major institution holding the largest number of shares is SABBY MANAGEMENT, LLC with 0.73 million shares, or about 1.6362% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.29 million.