BioVie Inc (NASDAQ:BIVI) shares, rose in value, with the stock price down by -0.84% to the previous day’s close as strong demand from buyers drove the stock to $0.48.
Actively observing the price movement in the last trading, the stock closed the session at $0.49. Referring to stock’s 52-week performance, its high was $8.69, and the low was $0.44. On the whole, BIVI has fluctuated by -9.15% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BIVI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BIVI currently trading nearly -1.93% and -35.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.05, while the 7-day volatility ratio is showing 7.56% which for the 30-day chart, stands at 8.34%. Furthermore, BioVie Inc (BIVI)’s beta value is 1.22, and its average true range (ATR) is 0.06.
A comparison of BioVie Inc (BIVI) with its peers suggests the former has fared considerably weaker in the market. BIVI showed an intraday change of -0.84% in last session, and over the past year, it shrunk by -93.08%%.
Data on historical trading for BioVie Inc (NASDAQ:BIVI) indicates that the trading volumes over the past 3 months, they’ve averaged 2.60 million. According to company’s latest data on outstanding shares, there are 36.43 million shares outstanding.
Nearly 39.55% of BioVie Inc’s shares belong to company insiders and institutional investors own 3.90% of the company’s shares. The stock has fallen by -61.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BIVI stock heading into the next quarter.
