Analysts review Enveric Biosciences Inc’s rating

In a filing, Enveric Biosciences Inc revealed its Director PASQUALONE FRANK acquired Company’s shares for reported $2140.0 on Sep 15. In the deal valued at $2.14 per share,1,000 shares were bought. As a result of this transaction, PASQUALONE FRANK now holds 1,000 shares worth roughly $800.0.

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Price Performance Review of ENVB

On Tuesday, Enveric Biosciences Inc [NASDAQ:ENVB] saw its stock fall -11.12% to $0.80. Over the last five days, the stock has lost -14.40%. Enveric Biosciences Inc shares have fallen nearly -38.46% since the year began. Nevertheless, the stocks have fallen -72.03% over the past one year. While a 52-week high of $6.98 was reached on 01/02/24, a 52-week low of $0.85 was recorded on 01/30/24. SMA at 50 days reached $1.3091, while 200 days put it at $2.2187. A total of 1.51 million shares were traded, compared to the trading of 63400.0 shares in the previous session.

Levels Of Support And Resistance For ENVB Stock

The 24-hour chart illustrates a support level at 0.7420, which if violated will result in even more drops to 0.6841. On the upside, there is a resistance level at 0.9014. A further resistance level may holdings at 1.0029. The Relative Strength Index (RSI) on the 14-day chart is 23.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1813, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.43%. Stochastics %K at 7.36% indicates the stock is a buying.

How much short interest is there in Enveric Biosciences Inc?

A steep rise in short interest was recorded in Enveric Biosciences Inc stocks on Jan 11, 2024, growing by 43610.0 shares to a total of 55620.0 shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 12010.0 shares. There was a rise of 78.41%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.68.

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