Tivic Health Systems Inc. (NASDAQ: TIVC) stock fell -0.41% on Thursday to $0.12 against a previous-day closing price of $0.12. With 2.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.83 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $0.1208 whereas the lowest price it dropped to was $0.1112. The 52-week range on TIVC shows that it touched its highest point at $2.87 and its lowest point at $0.12 during that stretch. It currently has a 1-year price target of $2.10.
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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 TIVC was down-trending over the past week, with a drop of -7.69%, but this was down by -11.76% over a month. Three-month performance dropped to -40.00% while six-month performance fell -91.61%. The stock lost -93.33% in the past year, while it has lost -81.25% so far this year. A look at the trailing 12-month EPS for TIVC yields -1.04 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.08. This implies an EPS growth rate of 57.10% for this year and 27.30% for next year.
Float and Shares Shorts:
At present, 9.68 million TIVC shares are outstanding with a float of 6.66 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.27 million, which was 0.89% higher than short shares on Mar 30, 2023. In addition to Ms. Jennifer Ernst as the firm’s Co-Founder, CEO & Director, Dr. Blake Gurfein Ph.D. serves as its Chief Scientific Officer.
Through their ownership of 7.32% of TIVC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.48% of TIVC, in contrast to 2.78% held by mutual funds. Shares owned by individuals account for 0.26%. As the largest shareholder in TIVC with 1.83% of the stake, Warberg Asset Management LLC holds 541,618 shares worth 541,618. A second-largest stockholder of TIVC, UBS Securities LLC, holds 132,860 shares, controlling over 0.45% of the firm’s shares. Wrona Investment Management LLC is the third largest shareholder in TIVC, holding 75,000 shares or 0.25% stake. With a 0.25% stake in TIVC, the One Rock Fund is the largest stakeholder. A total of 75,000 shares are owned by the mutual fund manager. The Fidelity Series Total Market Inde, which owns about 0.01% of TIVC stock, is the second-largest Mutual Fund holder. It holds 2,667 shares valued at 371.0.
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, TIVC reported revenue of $528.00k and operating income of -$3.02M. The EBITDA in the recently reported quarter was -$2.98M and diluted EPS was -$0.32.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TIVC 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.
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 TIVC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.