Eyenovia (NASDAQ:EYEN) Posts Earnings Results, Beats Estimates By $0.02 EPS

Eyenovia (NASDAQ:EYEN) posted its quarterly earnings data on Wednesday. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.02, MarketWatch Earnings reports.

Shares of EYEN opened at $2.34 on Thursday. Eyenovia has a 52 week low of $1.11 and a 52 week high of $6.98. The firm has a market capitalization of $38.80 million, a P/E ratio of -1.28 and a beta of 1.49. The company has a 50-day simple moving average of $3.55 and a 200-day simple moving average of $3.70.

In other news, major shareholder Stuart M. Grant purchased 903,240 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of $2.06 per share, with a total value of $1,860,674.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 43.10% of the company’s stock.

A number of analysts have issued reports on the company. HC Wainwright lowered their target price on Eyenovia from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday. Roth Capital reiterated a “buy” rating on shares of Eyenovia in a report on Sunday, January 26th. Zacks Investment Research raised Eyenovia from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research report on Wednesday. ValuEngine downgraded shares of Eyenovia from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Oppenheimer lowered shares of Eyenovia from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.92.

Eyenovia Company Profile

Eyenovia, Inc, a clinical stage biopharmaceutical company, engages in developing a pipeline of ophthalmology products in the United States. It is developing MicroProst, which is in Phase III clinical trials for the treatment of chronic angle closure glaucoma; MicroStat, which is in Phase III clinical trials for the treatment of mydriasis; MicroTears for the treatment of dry eye; and MicroPine for the treatment of myopia.

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Earnings History for Eyenovia (NASDAQ:EYEN)

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