The trading price of ENDRA Life Sciences Inc (NASDAQ:NDRA) closed lower on Thursday, March 29, closing at $0.58, -29.29% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.91 and a 52-week low of $0.80. Over the past month, the stock has lost -48.21% in value.
ENDRA Life Sciences Inc, whose market valuation is $6.40 million at the time of this writing, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.37 per share this quarter, however they have predicted annual earnings per share of -$1.41 for 2024 and $0 for 2025. It means analysts are expecting annual earnings per share growth of 10.80%.
Analysts have forecast the company to bring in revenue of $100k for the current quarter, with the likely lows of $100k and highs of $100k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1 million.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of ENDRA Life Sciences Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NDRA has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that NDRA’s price is currently -44.91% off the SMA20 and -46.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 22.31, and weekly volatility stands at 19.19%. When measured over the past 30 days, the indicator reaches 11.23%. ENDRA Life Sciences Inc (NASDAQ:NDRA)’s beta value is currently sitting at 1.01, while the Average True Range indicator is currently displaying 0.12.
To see how ENDRA Life Sciences Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NDRA stock’s performance was -29.29% in the latest trading, and -78.20% in the past year.
An evaluation of the daily trading volume of ENDRA Life Sciences Inc (NASDAQ:NDRA) indicates that the 3-month average is 132.17K. However, this figure has increased over the past 10 days to an average of 0.29 million.
Currently, records show that 11.04 million of the company’s shares remain outstanding. The insiders hold 1.41% of outstanding shares, whereas institutions hold 1.19%. The stats also highlight that short interest as of Mar 15, 2024, stood at 48450.0 shares, resulting in a short ratio of 0.28 at that time. From this, we can conclude that short interest is 0.44% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 29400.0. However, since the stock’s price has seen -72.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
