Evofem Biosciences, Inc. (NASDAQ:EVFM) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 12,070,000 shares, a growth of 30.8% from the March 31st total of 9,230,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Shares of Evofem Biosciences stock opened at $1.35 on Wednesday. The firm’s 50-day simple moving average is $1.87 and its 200-day simple moving average is $2.53. Evofem Biosciences has a twelve month low of $1.33 and a twelve month high of $6.87. The firm has a market cap of $112.22 million, a P/E ratio of -0.69 and a beta of 0.07.
Evofem Biosciences (NASDAQ:EVFM) last announced its earnings results on Wednesday, March 3rd. The biotechnology company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.14). The business had revenue of $0.17 million for the quarter, compared to the consensus estimate of $1.70 million. Sell-side analysts predict that Evofem Biosciences will post -1.52 earnings per share for the current year.
Separately, HC Wainwright dropped their target price on shares of Evofem Biosciences from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $9.07.
Evofem Biosciences Company Profile
Evofem Biosciences, Inc, a biopharmaceutical company, develops and commercializes various products to address unmet needs in women's sexual and reproductive health. Its commercial product is Phexxi, a vaginal gel for the prevention of pregnancy. The company is also involved in the development of EVO100, an antimicrobial vaginal gel for the prevention of urogenital transmission of Chlamydia trachomatis infection and Neisseria gonorrhoeae infection in women.
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