Stifel raised the price target for the Evofem Biosciences Inc. (NASDAQ:EVFM) stock to “a Buy”. The rating was released on October 02, 2020. The research report from Piper Sandler has initiated the stock to Overweight, with a price target set at $11. The stock was resumed by Cantor Fitzgerald, who disclosed in a research note on October 16, 2019, to Overweight and set the price objective to $9.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.56 during the last quarter as opposed to a consensus estimate of -$0.49, which indicates the company missed its estimate by -$0.07, which implies that the company surprised the market by -14.30%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is -$0.41. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is -$0.36 and the low earnings per share estimate is -$0.48. According to 3 analyst estimates, an average revenue estimate of $2.92M is projected for the current quarter with a high revenue estimate of $3.3M and a low estimate of $2.6M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Evofem Biosciences Inc. (NASDAQ:EVFM) dipped -9.02% to close Tuesday’s market session at $1.21, lower as compared to yesterday’s close. The stock price fluctuated between $1.19 and $1.36 throughout the trading session with the volume trading being 19683294 shares, which represented a significant variation when compared to the three months average volume of 10.95 million shares. The firm’s stock price fluctuated 19.80% within the last five trades and -3.20% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -43.72% in the last 6 months and -57.24% was subtracted to its value over the previous 3 months. EVFM stock is trading at a margin of 27.51%, -4.90% and -48.36% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, EVFM deals in the Healthcare domain. The stock is trading -78.12 percent below its 52-week high and 61.12 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -36.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Evofem Biosciences Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $104.54 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 65.34 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.20 percent of Evofem Biosciences Inc. shares are owned by insiders, and 41.60 percent are held by financial institutions. O’Brien Anthony Stephen, the Director at Evofem Biosciences Inc. (EVFM) has bought 8,140 shares of firm on Jun 14 at a price of $1.31 against the total amount of $10663.0. In another inside trade, Rarick Lisa Dale, Director of Evofem Biosciences Inc. (NASDAQ:EVFM) bought 5,000 shares of the firm on Jun 11 for a total worth of $5990.0 at a price of $1.20. An inside trade which took place on Jun 11, Chief Commercial Officer of Evofem Biosciences Inc. Barrans Russell bought 18,180 shares of firm against total price of $20725.0 at the cost of $1.14 per share.