Take off with ZyVersa Therapeutics Inc (ZVSA): Get ready for trading

With 2.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.12 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.86 whereas the lowest price it dropped to was $1.341. The 52-week range on ZVSA shows that it touched its highest point at $42.38 and its lowest point at $1.82 during that stretch. It currently has a 1-year price target of $20.00. Beta for the stock currently stands at 0.66.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZVSA was down-trending over the past week, with a drop of -23.43%, but this was down by -34.19% over a month. Three-month performance dropped to -48.84% while six-month performance fell -72.50%. The stock lost -94.85% in the past year, while it has lost -82.89% so far this year.

Float and Shares Shorts:

At present, 1.07 million ZVSA shares are outstanding with a float of 1.07 million shares on hand for trading. On 2024-10-15, short shares totaled 9687.0, which was 89.99999999999999 higher than short shares on 1726185600. In addition to Mr. Stephen C. Glover as the firm’s Co-Founder, Chairman, CEO & President, Mr. Peter Wolfe serves as its CFO & Secretary.

Institutional Ownership:

Through their ownership of 0.05179 of ZVSA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, ZVSA reported revenue of $0.0 and operating income of -$2753978.0. The EBITDA in the recently reported quarter was -$2751378.0 and diluted EPS was -$3.31.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With ZVSA analysts setting a high price target of 120.0 and a low target of 20.0, the average target price over the next 12 months is 70.0. Based on these targets, ZVSA could surge 7692.21% to reach the target high and rise by 1198.7% to reach the target low. Reaching the average price target will result in a growth of 4445.45% from current levels.

Analysts have provided yearly estimates in a range of -$7.4 being high and -$7.4 being low. For ZVSA, this leads to a yearly average estimate of -$7.4. The surprise factor in the prior quarter was -$3.7. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.