ObsEva SA (OBSV) – The 68.5% Upside Potential Remains

ObsEva SA (NASDAQ: OBSV) is 21.15% higher on its value in year-to-date trading and has touched a low of $1.63 and a high of $6.30 in the current 52-week trading range. The OBSV stock was last observed hovering at around $2.11 in the last trading session, with the day’s gains setting it 0.41% off its average median price target of $8.00 for the next 12 months. It is also 91.0% off the consensus price target high of $28.00 offered by 7 analysts, but current levels are 37.0% higher than the price target low of $4.00 for the same period.

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Currently trading at $2.52, the stock is 20.09% and 20.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.69 million and changing 19.43% at the moment leaves the stock -12.86% off its SMA200. OBSV registered -31.52% loss for a year compared to 6-month loss of -14.29%. The firm has a 50-day simple moving average (SMA 50) of $2.1167 and a 200-day simple moving average (SMA200) of $2.5319.

The stock witnessed a 17.21% gain in the last 1 month and extending the period to 3 months gives it a 1.61%, and is 21.15% up 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 11.68% over the week and 7.24% over the month.

ObsEva SA (OBSV) has around 53 employees, a market worth around $139.56M and $0.02M in sales. Distance from 52-week low is 54.60% and -60.00% from its 52-week high.

ObsEva SA (OBSV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for ObsEva SA (OBSV) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

ObsEva SA is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at -$0.42.The EPS is expected to shrink by -30.40% this year.

ObsEva SA (OBSV) Top Institutional Holders

68 institutions hold shares in ObsEva SA (OBSV), with 3.05M shares held by insiders accounting for 5.54% while institutional investors hold 51.34% of the company’s shares. The shares outstanding are 50.09M, and float is at 37.70M with Short Float at 2.77%. Institutions hold 48.49% of the Float.

The top institutional shareholder in the company is Sofinnova Investments, Inc. with over 4.75 million shares valued at $11.78 million. The investor’s holdings represent 9.90% of the OBSV Shares outstanding. As of Sep 29, 2020, the second largest holder is NEA Management Company, LLC with 4.59 million shares valued at $11.37 million to account for 9.56% of the shares outstanding. The other top investors are Armistice Capital, LLC which holds 4.34 million shares representing 9.04% and valued at over $10.76 million, while Medicxi Ventures Management (Jersey) Ltd holds 3.27% of the shares totaling 1.57 million with a market value of $3.89 million.

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ObsEva SA (OBSV): Who are the competitors?

Omeros Corporation (OMER) is 25.72% up on the 1-year trading charts. Short interest in the company’s stock has risen 6.14% from the last report on Nov 29, 2020 to stand at a total of 1.07 million short shares sold with a short interest ratio of 0.98.

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