MedAvail Holdings Inc [NASDAQ: MDVL] gained 71.26% or 1.37 points to close at $3.29 with a heavy trading volume of 6299267 shares.
The daily chart for MDVL points out that the company has recorded -75.78% loss over the past six months.
If we look at the average trading volume of 18.68K shares, MDVL reached to a volume of 6299267 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about MedAvail Holdings Inc [MDVL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MDVL shares is $200.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MDVL stock is a recommendation set at 1.00. 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.
The Average True Range (ATR) for MedAvail Holdings Inc is set at 0.63, with the Price to Sales ratio for MDVL stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 9.34.
Trading performance analysis for MDVL stock
MedAvail Holdings Inc [MDVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.08. With this latest performance, MDVL shares dropped by -15.10% in over the last four-week period, additionally sinking by -75.78% over the last 6 months – not to mention a drop of -87.81% 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 MDVL stock in for the last two-week period is set at 51.38, with the RSI for the last a single of trading hit 54.37, and the three-weeks RSI is set at 49.67 for MedAvail Holdings Inc [MDVL]. The present Moving Average for the last 50 days of trading for this stock 3.2100, while it was recorded at 2.7000 for the last single week of trading, and 8.5000 for the last 200 days.
MedAvail Holdings Inc [MDVL]: A deeper dive into fundamental analysis
MedAvail Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.09 and a Current Ratio set at 6.51.
An analysis of Institutional ownership at MedAvail Holdings Inc [MDVL]
The top three institutional holders of MDVL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MDVL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MDVL stock with ownership which is approximately 5.8325%.
