BIVI’s price-to-book ratio: An indicator of the company’s performance

BioVie Inc (BIVI)’s stock has witnessed a price declined of -53.50% from the previous close with its current price standing at $1.30. Its current price is -97.76% under its 52-week high of $58.20 and -37.10% more than its 52-week low of $2.07.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, BIVI’s SMA-200 is $6.77.

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BIVI’s price to book ratio for the most recent quarter was 0.42, resulting in an 0.27 price to cash per share for the period.

How does BioVie Inc (BIVI) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 1 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 5.00 in simple terms.

BioVie Inc (NASDAQ: BIVI) Ownership Details

I will give a breakdown of the key shareholders in BioVie Inc (BIVI). Recent figures show that the company’s insiders hold 39.63% of shares. A total of 66 institutional investors hold shares in the company, making 8.33% of its stock and 13.80% of its float.

Jun 30, 2024, it was reported that the Company’s largest institutional holder is Altium Capital Management, LP holding total of 198.23 shares that make 3.13% of the company’s total number of shares and are currently priced at 0.26 million.

The securities firm Sabby Management, LLC holds 73.31 shares of BIVI, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 1.16%, and the holding percentage of shares is valued at 96456.0.

An overview of BioVie Inc’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests BioVie Inc (BIVI) traded 109,922 shares per day, with a moving average of $2.74 and price change of -1.70. With the moving average of $3.14 and a price change of -3.06, about 132,724 shares changed hands on average over the past 50 days. Finally, BIVI’s 100-day average volume is 90,197 shares, alongside a moving average of $3.88 and a price change of -3.63.

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