Tivic Health Systems Inc. (TIVC) Performance and Fundamentals Dashboard tells a completely different story

Tivic Health Systems Inc. (NASDAQ: TIVC) stock fell -1.68% on Friday to $2.34 against a previous-day closing price of $2.38. With 93903.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.94 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $2.4807 whereas the lowest price it dropped to was $2.3000. The 52-week range on TIVC shows that it touched its highest point at $198.00 and its lowest point at $1.90 during that stretch. It currently has a 1-year price target of $210.00. Beta for the stock currently stands at 2.04.

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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 -8.24%, but this was down by -65.07% over a month. Three-month performance dropped to -74.78% while six-month performance fell -87.54%. The stock lost -98.76% in the past year, while it has lost -96.34% so far this year. A look at the trailing 12-month EPS for TIVC yields -58.64 with Next year EPS estimates of -24.00. For the next quarter, that number is -7.00. This implies an EPS growth rate of 57.10% for this year and 27.30% for next year.

Float and Shares Shorts:

At present, 1.47 million TIVC shares are outstanding with a float of 1.35 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.49 million, which was 33.58% higher than short shares on Jul 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.

Institutional Ownership:

Other institutions hold 7.44% of TIVC, in contrast to 0.00% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TIVC with 6.82% of the stake, L1 Capital Global, Inc. holds 100,000 shares worth 100,000. A second-largest stockholder of TIVC, Sheets Smith Wealth Management, holds 6,000 shares, controlling over 0.41% of the firm’s shares. Two Sigma Securities LLC is the third largest shareholder in TIVC, holding 968 shares or 0.07% stake. With a 0.00% stake in TIVC, the Fidelity Series Total Market Inde is the largest stakeholder. A total of 27 shares are owned by the mutual fund manager. The One Rock Fund, which owns about 0.00% of TIVC stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0.

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 Jun 29, 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 -$32.00.

Analysts Ratings:

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.

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