BioVie Inc (NASDAQ: BIVI) is -62.62% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $8.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIVI stock was last observed hovering at around $0.48 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.47, the stock is -20.85% and -48.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -1.79% at the moment leaves the stock -82.57% off its SMA200. BIVI registered -93.22% loss for a year compared to 6-month loss of -87.41%. The firm has a 200-day simple moving average (SMA200) of -$0.41.
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The stock witnessed a -36.80% gain in the last 1 month and extending the period to 3 months gives it a -63.20%, and is -15.97% 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 7.64% over the week and 9.16% over the month.
BioVie Inc (BIVI) has around 18 employees, a market worth around $25.87M and $0.00M in sales. Distance from 52-week low is 1.49% and -94.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-576.19%).
BioVie Inc quarterly earnings per share for the current quarter are estimated at -$0.33.
BioVie Inc (BIVI) Top Institutional Holders
83 institutions hold shares in BioVie Inc (BIVI), with institutional investors hold 7.90% of the company’s shares. The shares outstanding are 36.43M, and float is at 21.71M with Short Float at 7.09%. Institutions hold 4.48% of the Float.
The top institutional shareholder in the company is Ikarian Capital, LLC with over 0.45 million shares valued at $1.93 million. The investor’s holdings represent 8.62% of the BIVI Shares outstanding. As of Jun 29, 2023, the second largest holder is Millennium Management Llc with 0.33 million shares valued at $1.44 million to account for 6.43% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 0.18 million shares representing 3.43% and valued at over $0.77 million, while Geode Capital Management, LLC holds 2.91% of the shares totaling 0.15 million with a market value of $0.65 million.
BioVie Inc (BIVI) Insider Activity
The most recent transaction is an insider sale by GORLIN STEVE,the company’sDirector. SEC filings show that GORLIN STEVE sold 75,680 shares of the company’s common stock on Dec 01 ’23 at a price of $1.69 per share for a total of $0.13 million. Following the sale, the insider now owns 46358.0 shares.
BioVie Inc disclosed in a document filed with the SEC on Nov 30 ’23 that DO CUONG V (President & CEO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 30 ’23 and was made at $1.78 per share for $17800.0. Following the transaction, the insider now directly holds 68759.0 shares of the BIVI stock.
Still, SEC filings show that on Sep 05 ’23, GORLIN STEVE (Director) disposed off 8,560 shares at an average price of $3.05 for $26108.0. The insider now directly holds 75,680 shares of BioVie Inc (BIVI).
