In last trading session, Ovid Therapeutics Inc (NASDAQ:OVID) saw 2.0 million shares changing hands with its beta currently measuring 0.30. Company’s recent per share price level of $0.74 trading at $0.01 or 1.85% at ring of the bell on the day assigns it a market valuation of $52.65M. That closing price of OVID’s stock is at a discount of -454.05% from its 52-week high price of $4.10 and is indicating a premium of 8.11% from its 52-week low price of $0.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.34 million shares which gives us an average trading volume of 306.22K if we extend that period to 3-months.

For Ovid Therapeutics Inc (OVID), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.22. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.17 in the current quarter.

Ovid Therapeutics Inc (NASDAQ:OVID) trade information

Upright in the green during last session for gaining 1.85%, in the last five days OVID remained trading in the green while hitting it’s week-highest on Wednesday, 01/29/25 when the stock touched $0.74 price level, adding 8.4% to its value on the day. Ovid Therapeutics Inc’s shares saw a change of -20.60% in year-to-date performance and have moved 5.46% in past 5-day. Ovid Therapeutics Inc (NASDAQ:OVID) showed a performance of -25.72% in past 30-days. Number of shares sold short was 0.71 million shares which calculate 1.8 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 90.75% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -305.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -305.41% for stock’s current value.

Ovid Therapeutics Inc (OVID) estimates and forecasts

Statistics highlight that Ovid Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -29.39% of value to its shares in past 6 months, showing an annual growth rate of 45.95% while that of industry is 16.20. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 68.02% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 187.5k for the same. And 3 analysts are in estimates of company making revenue of 100k in the next quarter. Company posted 141.56k and 148k 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 18.87% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 37.16% while estimates for its earnings growth in next 5 years are of 23.13%.

Ovid Therapeutics Inc (NASDAQ:OVID)’s Major holders

Insiders are in possession of 15.90% of company’s total shares while institution are holding 56.29 percent of that, with stock having share float percentage of 66.94%. Investors also watch the number of corporate investors in a company very closely, which is 56.29% institutions for Ovid Therapeutics Inc that are currently holding shares of the company. RUBRIC CAPITAL MANAGEMENT LP is the top institutional holder at OVID for having 5.32 million shares of worth $4.09 million. And as of 2024-06-30, it was holding 7.5173 of the company’s outstanding shares.

The second largest institutional holder is MADISON AVENUE PARTNERS, LP, which was holding about 4.08 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.7725 of outstanding shares, having a total worth of $3.14 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.79 shares of worth $1.33 million or 2.52% of the total outstanding shares. The later fund manager was in possession of 1.74 shares on Nov 30, 2024 , making its stake of worth around $1.29 million in the company or a holder of 2.46% of company’s stock.