Tivic Health Systems Inc (NASDAQ:TIVC) price on Wednesday, May 09, rose 27.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.34.
A look at the stock’s price movement, the close in the last trading session was $1.05. Turning to its 52-week performance, $23.79 and $0.98 were the 52-week high and 52-week low respectively. Overall, TIVC moved 11.67% over the past month.
Tivic Health Systems Inc’s market cap currently stands at around $1.97 million.
Analysts have a consensus estimate of 1.33M for the company’s revenue for the quarter, with a low and high estimate of 1.33M and 1.33M respectively. The average forecast suggests up to a 232.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.12M, representing a 69.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TIVC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
TIVC’s current price about 22.03% and 10.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.69, while 7-day volatility ratio is 18.50% and 9.12% in the 30-day chart. Further, Tivic Health Systems Inc (TIVC) has a beta value of 2.85, and an average true range (ATR) of 0.13.
If we refocus on Tivic Health Systems Inc (NASDAQ:TIVC), historical trading data shows that trading volumes averaged 113.38K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.47 million shares.
The 1.42% of Tivic Health Systems Inc’s shares are in the hands of company insiders while institutional holders own 4.21% of the company’s shares. Current price change has pushed the stock -25.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TIVC stock continues to rise going into the next quarter.
