With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. The 52-week range on OVID shows that it touched its highest point at $3.31 and its lowest point at $0.24 during that stretch. It currently has a 1-year price target of $2.88. Beta for the stock currently stands at 0.08.
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 OVID was up-trending over the past week, with a rise of 2.97%, but this was up by 5.56% over a month. Three-month performance dropped to -36.24% while six-month performance fell -72.28%. The stock lost -89.23% in the past year, while it has lost -65.86% so far this year. A look at the trailing 12-month EPS for OVID yields -0.35 with Next year EPS estimates of -0.66. For the next quarter, that number is -0.16. This implies an EPS growth rate of -67.57% for this year and -5.65% for next year.
Float and Shares Shorts:
At present, 71.11 million OVID shares are outstanding with a float of 59.51 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OVID since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.45341 being high and -$0.47667 being low. For OVID, this leads to a yearly average estimate of -$0.46504.
