Eyenovia, Inc. (EYEN) Stock: Here’s Why It’s Falling

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Eyenovia, Inc. (EYEN) is falling in the market today. The company, focused in the biotech space, is presently trading at $2.78 after heading down -7.95% so far in today’s session. When it comes to biotechnology companies, there are several aspects that have the potential to cause declines in the market. News is one of the most common reasons for movement. Here are the most recent stories surrounding EYEN:

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Oct-30-19 07:01AM The Daily Biotech Pulse: Novartis Program Placed On Partial Clinical Hold, Adcom Snub For Amag, Amgen Earnings
Oct-29-19 04:05PM Eyenovia Advances MicroLine for the Treatment of Presbyopia Towards Phase III Development and Reprioritizes Late-Stage Ophthalmology Pipeline
Oct-02-19 08:30AM Eyenovia to Participate in Multiple Upcoming Medical Meetings
Sep-19-19 12:07PM Do Insiders Own Lots Of Shares In Eyenovia, Inc. (NASDAQ:EYEN)?
Sep-03-19 08:30AM Eyenovia to Present at Two Upcoming Investor Conferences

Nonetheless, when making a decision to invest, investors should focus on far more than just news, especially in the generally speculative biotechnology industry. Here’s what’s happening in regard to Eyenovia, Inc..

Recent Movement From EYEN

While a single session decline, like what we’re seeing from Eyenovia, Inc. might make some investors upset, that alone should not be the reason for a decision to, or not to, invest in a stock. It is generally important to dig into trends beyond a single trading session. When it comes to EYEN, here are the trends that investors have seen:

  • Past 5 Sessions – Over the past 7 days, EYEN has seen a change in price that amounts to 7.47%.
  • Past Month – The monthly returns from Eyenovia, Inc. comes to -18.38%.
  • Quarterly – Over the past 3 months, the stock has generated a ROI that comes to -5.33%
  • Past 6 Months – Throughout the past six months, investors have seen a change that works out to -48.90% from the company.
  • This Year So Far – Since the close of last year EYEN has produced a ROI of 5.96%.
  • Full Year – Lastly, over the last year, we have seen movement of -19.89% from EYEN. In this period, the stock has sold at a high of -60.19% and a low of 15.83%.

Ratios To Pay Attention To

Looking at a few key ratios having to do with a company can provide traders a view of just how risky and/or potentially profitable a stock pick might be. Here are some of the important ratios to think about when looking at EYEN.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. As the ratio climbs, it shows that more investors are expecting that the value of the stock is going to tumble. Across the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, with regard to Eyenovia, Inc., it’s short ratio clocks in at 3.52.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure If a company is able to pay for its debts when they come due based on current assets or quick assets. In the biotechnology space, several companies are reliant on the continuation of investor support, the quick and current ratios can seem upsetting. However, several better companies in the biotech industry come with good quick and current ratios. When it comes to EYEN, the quick and current ratios work out to 4.10 and 4.10 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the price of shares. In this particular case, that ratio equates to 0.63.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re interested in a biotech stock, this is a very important ratio to consider. In this case, the cash to share value ratio is 0.54.

What Analysts Say About Eyenovia, Inc.

While it’s rarely a good idea to blindly follow the opinions of analysts, it is a smart idea to use their analysis to validate your own opinions when it comes to making investment decisions in the biotech industry. Below are the most recent moves that we have seen from analysts as it relates to EYEN.

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Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in EYEN, here’s what we’re seeing:

  • Institutional Investors – Currently, institutional investors own 8.70% of the company. On the other hand, it is worth considering that institutional ownership has seen a move of 0 over the past 3 months.
  • Insider Holdings – as it relates to insiders, insiders of the company currently hold 25.50% of Eyenovia, Inc.. Insider ownership of the company has changed by 0 throughout the last quarter.

What You Need To Know About Share Counts

Investors tend to be interested in the total numbers of shares both outstanding and available. With respect to Eyenovia, Inc., there are currently 17.10M with a float of 9.74M. These numbers mean that out of the total of 17.10M shares of EYEN that are out there today, 9.74M are available to be traded on the public market.

It’s also important to follow the short percent. Think about it, when a high percentage of the float is shorted, the overall opinion among traders is that the stock is going to fall. In regard to EYEN, the percentage of the float that is currently being sold short sits at 2.69%. Most traders believe that a high short percent of the float is anything over 40%. Through my work, I have seen that anything over 26% is generally a play that comes with hefty risk.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.23. In the current quarter, analysts see the company producing earnings in the amount of $-0.33. Over the last 5 years, EYEN has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -33.50% and revenue has seen movement of 0.

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