Why should you buy stock in NanoViricides Inc. (NNVC)?

NanoViricides Inc. (AMEX: NNVC) is 184.86% higher on its value in year-to-date trading and has touched a low of $1.27 and a high of $19.20 in the current 52-week trading range. The NNVC stock was last observed hovering at around $7.63 in the last trading session, with the day’s loss setting it -0.48%.

Currently trading at $7.15, the stock is -11.70% and 6.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.56 million and changing -6.29% at the moment leaves the stock 42.65% off its SMA200. NNVC registered 41.87% gain for a year compared to 6-month gain of 174.99%. The firm has a 50-day simple moving average (SMA 50) of $7.25 and a 200-day simple moving average (SMA200) of $6.00.

The stock witnessed a 7.84% loss in the last 1 month and extending the period to 3 months gives it a -9.84%, and is -4.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.63% over the week and 11.58% over the month.

Distance from 52-week low is 462.42% and -62.76% from its 52-week high.

NanoViricides Inc. (NNVC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NanoViricides Inc. (NNVC) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

NanoViricides Inc. is expected to release its quarterly report on 09/02/2020 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 11.10% this year.

NanoViricides Inc. (NNVC) Top Institutional Holders

27 institutions hold shares in NanoViricides Inc. (NNVC), with 576.87k shares held by insiders accounting for 14.97% while institutional investors hold 23.12% of the company’s shares. The shares outstanding are 3.85M, and float is at 7.98M with Short Float at 5.50%. Institutions hold 19.66% of the Float.

NanoViricides Inc. (NNVC) Insider Activity

A total of 0 insider transactions have happened at NanoViricides Inc. (NNVC) in the last six months, with sales accounting for 0 and purchases happening 0 times.