Annovis Bio Inc [NYSE: ANVS] loss -59.58% or -10.73 points to close at $7.28 with a heavy trading volume of 9568974 shares.
The daily chart for ANVS points out that the company has recorded -12.39% loss over the past six months.
If we look at the average trading volume of 239.99K shares, ANVS reached to a volume of 9568974 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 Annovis Bio Inc [ANVS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ANVS shares is $33.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ANVS stock is a recommendation set at 1.40. 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.
Canaccord Genuity have made an estimate for Annovis Bio Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 29, 2023. While these analysts kept the previous recommendation, Maxim Group dropped their target price from $45 to $150. The new note on the price target was released on July 07, 2021, representing the official price target for Annovis Bio Inc stock.
Trading performance analysis for ANVS stock
Annovis Bio Inc [ANVS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -36.64. With this latest performance, ANVS shares dropped by -38.82% in over the last four-week period, additionally sinking by -12.39% over the last 6 months – not to mention a drop of -51.56% 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 ANVS stock in for the last two-week period is set at 40.05, with the RSI for the last a single of trading hit 37.43, and the three-weeks RSI is set at 41.89 for Annovis Bio Inc [ANVS]. The present Moving Average for the last 50 days of trading for this stock 10.54, while it was recorded at 12.70 for the last single week of trading, and 10.67 for the last 200 days.
Annovis Bio Inc [ANVS]: A deeper dive into fundamental analysis
Annovis Bio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.39 and a Current Ratio set at 2.39.
An analysis of Institutional ownership at Annovis Bio Inc [ANVS]
The top three institutional holders of ANVS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ANVS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ANVS stock with ownership which is approximately 5.8386%.
