ObsEva SA [NASDAQ: OBSV] surged by $0.02 during the normal trading session on Tuesday and reaching a high of $0.32 during the day while it closed the day at $0.31. The company report on August 1, 2022 that ObsEva Announces $31 million Debt Retirement and $11 million Debt Refinancing.
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Ad hoc announcement pursuant to Art. 53 LR of the SIX Swiss Exchange.
ObsEva SA stock has also gained 36.16% of its value over the past 7 days. However, OBSV stock has declined by -79.25% in the 3 months of the year. Over the past six months meanwhile, it has lost -77.74% and lost -84.67% year-on date.
The market cap for OBSV stock reached $24.01 million, with 81.94 million shares outstanding and 76.25 million shares in the current float. Compared to the average trading volume of 1.45M shares, OBSV reached a trading volume of 5211830 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about ObsEva SA [OBSV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OBSV shares is $6.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OBSV stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for ObsEva SA shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 03, 2022. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price to Buy. The new note on the price target was released on April 26, 2022, representing the official price target for ObsEva SA stock. Previously, the target price had yet another raise to $12, while Aegis Capital analysts kept a Buy rating on OBSV stock.
The Average True Range (ATR) for ObsEva SA is set at 0.11, with the Price to Sales ratio for OBSV stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.73.
OBSV stock trade performance evaluation
ObsEva SA [OBSV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 36.16. With this latest performance, OBSV shares dropped by -81.52% in over the last four-week period, additionally sinking by -77.74% over the last 6 months – not to mention a drop of -88.87% 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 OBSV stock in for the last two-week period is set at 16.54, with the RSI for the last a single of trading hit 14.74, and the three-weeks RSI is set at 20.37 for ObsEva SA [OBSV]. The present Moving Average for the last 50 days of trading for this stock 1.4814, while it was recorded at 0.2806 for the last single week of trading, and 1.6899 for the last 200 days.
ObsEva SA [OBSV]: An insightful look at the core fundamentals
Return on Equity for this stock declined to -286.91, with Return on Assets sitting at -75.60.
ObsEva SA’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.
ObsEva SA [OBSV]: Insider Ownership positions
There are presently around $5 million, or 24.20% of OBSV stock, in the hands of institutional investors. The top three institutional holders of OBSV stocks are: SOFINNOVA INVESTMENTS, INC. with ownership of 4,749,623, which is approximately 0% of the company’s market cap and around 5.25% of the total institutional ownership; NEA MANAGEMENT COMPANY, LLC, holding 4,586,563 shares of the stock with an approximate value of $1.4 million in OBSV stocks shares; and MEDICXI VENTURES MANAGEMENT (JERSEY) LTD, currently with $0.48 million in OBSV stock with ownership of nearly 0% of the company’s market capitalization.
Positions in ObsEva SA stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 13 institutional holders increased their position in ObsEva SA [NASDAQ:OBSV] by around 1,145,620 shares. Additionally, 21 investors decreased positions by around 1,505,748 shares, while 12 investors held positions by with 13,262,873 shares. The mentioned changes placed institutional holdings at 15,914,241 shares, according to the latest SEC report filing. OBSV stock had 2 new institutional investments in for a total of 233 shares, while 7 institutional investors sold positions of 175,643 shares during the same period.