Enveric Biosciences Inc. [NASDAQ: ENVB] stock went on a downward path that fall over -5.26% on Tuesday, amounting to a one-week price increase of more than 5.88%. The company report on June 7, 2021 that CEO Presenting on the Emerging Growth Conference on June 9. Register here.
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Over the last 12 months, ENVB stock dropped by -64.80%.
The market cap for the stock reached $54.36 million, with 16.22 million shares outstanding and 15.93 million shares in the current float. Compared to the average trading volume of 6.67M shares, ENVB stock reached a trading volume of 1511096 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Enveric Biosciences Inc. [ENVB]:
The Average True Range (ATR) for Enveric Biosciences Inc. is set at 0.23 The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 1.05.
ENVB Stock Performance Analysis:
Enveric Biosciences Inc. [ENVB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.88. With this latest performance, ENVB shares gained by 10.04% in over the last four-week period, additionally sinking by -59.87% over the last 6 months – not to mention a drop of -64.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENVB stock in for the last two-week period is set at 53.72, with the RSI for the last a single of trading hit 56.88, and the three-weeks RSI is set at 50.78 for Enveric Biosciences Inc. [ENVB]. The present Moving Average for the last 50 days of trading for this stock 2.45, while it was recorded at 2.44 for the last single week of trading, and 4.29 for the last 200 days.
Insight into Enveric Biosciences Inc. Fundamentals:
Enveric Biosciences Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 37.40 and a Current Ratio set at 37.40.
Enveric Biosciences Inc. [ENVB] Insider Position Details
There are presently around $3 million, or 5.20% of ENVB stock, in the hands of institutional investors. The top three institutional holders of ENVB stocks are: BLACKROCK INC. with ownership of 563,520, which is approximately New of the company’s market cap and around 3.00% of the total institutional ownership; VIRTU FINANCIAL LLC, holding 181,254 shares of the stock with an approximate value of $0.46 million in ENVB stocks shares; and VANGUARD GROUP INC, currently with $0.46 million in ENVB stock with ownership of nearly 1385.537% of the company’s market capitalization.
13 institutional holders increased their position in Enveric Biosciences Inc. [NASDAQ:ENVB] by around 1,090,273 shares. Additionally, 1 investors decreased positions by around 10,199 shares, while 1 investors held positions by with 13,512 shares. The mentioned changes placed institutional holdings at 1,113,984 shares, according to the latest SEC report filing. ENVB stock had 9 new institutional investments in for a total of 749,763 shares, while 1 institutional investors sold positions of 10,199 shares during the same period.