Eyenovia Inc (NASDAQ: EYEN) Is Decrease -92.98%, So Here’s What We Can Expect On The Upswing

During the last session, Eyenovia Inc (NASDAQ:EYEN)’s traded shares were 407.96 million, with the beta value of the company hitting 1.40. At the end of the trading day, the stock’s price was $0.15, reflecting an intraday gain of 28.86% or $0.04. The 52-week high for the EYEN share is $2.57, that puts it down -1613.33 from that peak though still a striking 46.67% gain since the share price plummeted to a 52-week low of $0.08. The company’s market capitalization is $20.97M, and the average intraday trading volume over the past 10 days was 60.58 million shares, and the average trade volume was 10.39 million shares over the past three months.

Eyenovia Inc (NASDAQ:EYEN) trade information

Eyenovia Inc (EYEN) registered a 28.86% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 28.86% in intraday trading to $0.15, hitting a weekly high. The stock’s 5-day price performance is 72.78%, and it has moved by 47.47% in 30 days. Based on these gigs, the overall price performance for the year is -92.98%. The short interest in Eyenovia Inc (NASDAQ:EYEN) is 2.14 million shares and it means that shorts have 2.45 day(s) to cover.

Eyenovia Inc (EYEN) estimates and forecasts

Statistics show that Eyenovia Inc has underperformed its competitors in share price, compared to the industry in which it operates. Eyenovia Inc (EYEN) shares have gone down -80.34% during the last six months, with a year-to-date growth rate less than the industry average at 9.09% against 16.70. In the rating firms’ projections, revenue will increase 42,802.37% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.6M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.26%. While earnings are projected to return 10.13% in 2025.

EYEN Dividends

Eyenovia Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Eyenovia Inc (NASDAQ:EYEN)’s Major holders

Eyenovia Inc insiders own 9.99% of total outstanding shares while institutional holders control 13.73%, with the float percentage being 15.25%. ARMISTICE CAPITAL, LLC is the largest shareholder of the company, while 67.0 institutions own stock in it. As of 2024-06-30, the company held over 6.06 million shares (or 13.0037% of all shares), a total value of $3.6 million in shares.

The next largest institutional holding, with 1.88 million shares, is of VANGUARD GROUP INC’s that is approximately 4.0365% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.12 million.