BioVie Inc (NASDAQ: BIVI) is -72.14% lower on its value in year-to-date trading and has touched a low of $1.04 and a high of $58.20 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 $3.41 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $3.51, the stock is 21.65% and 54.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.5 million and changing 2.93% at the moment leaves the stock -24.86% off its SMA200. BIVI registered -91.33% loss for a year compared to 6-month loss of -27.43%. The firm has a 50-day simple moving average (SMA 50) of $2.2601 and a 200-day simple moving average (SMA200) of $4.705525.
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The stock witnessed a 33.46% gain in the last 1 month and extending the period to 3 months gives it a 2.64%, and is 4.78% 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 16.08% over the week and 18.25% over the month.
BioVie Inc (BIVI) has around 14 employees, a market worth around $62.37M and $0.00M in sales. Distance from 52-week low is 237.37% and -93.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-185.93%).
The EPS is expected to grow by 39.59% this year.
BioVie Inc (BIVI) Top Institutional Holders
55.0 institutions hold shares in BioVie Inc (BIVI), with institutional investors hold 11.57% of the company’s shares. The shares outstanding are 7.98M, and float is at 6.90M with Short Float at 27.85%. Institutions hold 9.99% of the Float.
The top institutional shareholder in the company is ALTIUM CAPITAL MANAGEMENT LP with over 1.98 million shares valued at $0.79 million. The investor’s holdings represent 4.4248% of the BIVI Shares outstanding. As of 2024-06-30, the second largest holder is SABBY MANAGEMENT, LLC with 0.73 million shares valued at $0.29 million to account for 1.6362 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.57 million shares representing 1.2687% and valued at over $0.23 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.5171 of the shares totaling 0.23 million with a market value of $92786.0.
BioVie Inc (BIVI) Insider Activity
The most recent transaction is an insider sale by GORLIN STEVE, the company’s Director. 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.
