The Annovis Bio Inc. (ANVS) shares are trading at higher $6.78 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $10.61 and the low is $2.42. Over the last 52 weeks, ANVS is down -36.10% while the S&P 500 is down -1.03%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
ANVS Return on Equity (ROE) is 34.50%, and its Return on Assets is -37.50%. All told, it is clear that, ANVS needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ANVS has a short ratio of 0.15 and outstanding shares of 4.60M.
ANVS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 34820.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.23. Investors should also keep an eye on sector updates as ANVS has historically followed its peers on positive news.
All told, Annovis Bio Inc. ANVS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ANVS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Annovis Bio Inc. ANVS is now commanding a market cap of 47.46M and a float of 4.06M. ANVS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ANVS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ANVS, either long or short, and we have not been compensated for this article.