Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. BioVie Inc’s current trading price is -94.46% away from its 52-week high, while its distance from the 52-week low is 8.27%. The stock’s price range during this period has varied between $0.44 and $8.69. The company, active in the Healthcare sector, saw a trading volume of around 0.96 million for the day, considerably lower average daily volume of 2.56 million observed over the last three months.
BioVie Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $8.69 on 05/10/23, while the lowest price during the same period was $0.44 on 04/08/24.
How Financial Performance Impacts Market Capitalization
BioVie Inc (BIVI) has experienced a quarterly decline of -61.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.46M and boasts a workforce of 18 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.1808, with a change in price of -4.3821. Similarly, BioVie Inc recorded 1,918,958 in trading volume during the last 100 days, posting a change of -90.17%.
How BIVI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for BIVI stands at 1.37. Similarly, the long-term debt-to-equity ratio is also 0.00.
BIVI Stock Stochastic Average
As of today, the raw stochastic average of BioVie Inc over the last 50 days is at 1.15%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 18.23%. Further, the company’s Stochastic %K and %D values for the last 20 days were 17.52% and 18.60%, respectively.
BIVI Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -61.76%. However, over the past six months, we’ve seen a stronger performance of -86.16%. The price of BIVI leaped by -23.43% over the last 30 days. And in the last five days, it has fallen by -2.73%.
