Eyenovia Inc. (NASDAQ: EYEN) stock fell -6.84% on Wednesday to $2.86 against a previous-day closing price of $3.07. With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. The 52-week range on EYEN shows that it touched its highest point at $5.85 and its lowest point at $1.50 during that stretch. It currently has a 1-year price target of $13.50. Beta for the stock currently stands at 1.76.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EYEN was down-trending over the past week, with a drop of -19.89%, but this was down by -36.59% over a month. Three-month performance dropped to -8.63% while six-month performance rose 59.78%. The stock gained 33.02% in the past year, while it has gained 75.46% so far this year. A look at the trailing 12-month EPS for EYEN yields -0.75 with Next year EPS estimates of -0.83. For the next quarter, that number is -0.17. This implies an EPS growth rate of -71.50% for this year and -15.30% for next year.
Float and Shares Shorts:
At present, 37.41 million EYEN shares are outstanding with a float of 27.44 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.33 million, which was 0.87% higher than short shares on Mar 30, 2023. In addition to Dr. Tsontcho Ianchulev M.D., M.P.H., MPH as the firm’s Co-Founder & Exec. Chairman, Mr. Michael M. Rowe serves as its CEO & Director.
Through their ownership of 9.94% of EYEN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.42% of EYEN, in contrast to 4.80% held by mutual funds. Shares owned by individuals account for 29.63%. As the largest shareholder in EYEN with 2.62% of the stake, The Vanguard Group, Inc. holds 994,185 shares worth 994,185. A second-largest stockholder of EYEN, Avenue Capital Management II LP, holds 547,807 shares, controlling over 1.44% of the firm’s shares. Medical Strategy GmbH is the third largest shareholder in EYEN, holding 503,662 shares or 1.33% stake. With a 1.63% stake in EYEN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 617,861 shares are owned by the mutual fund manager. The FCP Medical – BioHealth, which owns about 1.33% of EYEN stock, is the second-largest Mutual Fund holder. It holds 503,662 shares valued at 2.68 million. Vanguard Extended Market Index Fu holds 0.87% of the stake in EYEN, owning 330,768 shares worth 1.76 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EYEN reported revenue of $0.00 and operating income of -$7.12M. The EBITDA in the recently reported quarter was -$7.09M and diluted EPS was -$0.22.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EYEN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EYEN analysts setting a high price target of $15.00 and a low target of $12.00, the average target price over the next 12 months is $13.50. Based on these targets, EYEN could surge 424.48% to reach the target high and rise by 319.58% to reach the target low. Reaching the average price target will result in a growth of 372.03% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded EYEN stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 10,000 shares were bought while 60,000 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 295,915 while 60,000 shares were sold.