At the end of the latest market close, Provention Bio Inc. (PRVB) was valued at $19.45. In that particular session, Stock kicked-off at the price of $17.15 while reaching the peak value of $17.53 and lowest value recorded on the day was $15.45. The stock current value is $16.66.
Recently in News on January 14, 2021, Provention Bio Announces Pricing of $100 Million Public Offering of Common Stock. Provention Bio, Inc. (Nasdaq: PRVB), a biopharmaceutical company dedicated to intercepting and preventing immune-mediated diseases, today announced the pricing of its previously announced underwritten public offering of 6,250,000 shares of its common stock at a public offering price of $16.00 per share. Gross proceeds to Provention Bio from the offering are expected to be $100 million, before deducting underwriting discounts and commissions and other offering expenses payable by Provention Bio. In addition, Provention Bio has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of its common stock, at the public offering price less underwriting discounts and commissions. All of the shares in the offering are being sold by Provention Bio. The offering is expected to close on or about January 19, 2021, subject to customary closing conditions. You can read further details here
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Provention Bio Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $20.05 on 01/12/21, with the lowest value was $15.45 for the same time period, recorded on 01/13/21.
Provention Bio Inc. (PRVB) full year performance was 4.95%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Provention Bio Inc. shares are logging -16.93% during the 52-week period from high price, and 252.86% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.72 and $20.05.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 3007644 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Provention Bio Inc. (PRVB) recorded performance in the market was -1.68%, having the revenues showcasing 23.01% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 959.49M, as it employees total of 19 workers.
Provention Bio Inc. (PRVB) in the eye of market guru’s
During the last month, 0 analysts gave the Provention Bio Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 14.64, with a change in the price was noted +2.90. In a similar fashion, Provention Bio Inc. posted a movement of +21.04% for the period of last 100 days, recording 574,557 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PRVB is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Provention Bio Inc. (PRVB): Stocks Technical analysis and Trends
Raw Stochastic average of Provention Bio Inc. in the period of last 50 days is set at 58.09%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 26.20%. In the last 20 days, the company’s Stochastic %K was 53.40% and its Stochastic %D was recorded 55.75%.
If we look into the earlier routines of Provention Bio Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -1.68%. Additionally, trading for the stock in the period of the last six months notably improved by 31.97%, alongside a boost of 4.95% for the period of the last 12 months. The shares increased approximately by -4.23% in the 7-day charts and went up by -7.47% in the period of the last 30 days. Common stock shares were driven by 23.01% during last recorded quarter.