On Tuesday, Edesa Biotech Inc (NASDAQ: EDSA) opened lower -17.87% from the last session, before settling in for the closing price of $2.63. Price fluctuations for EDSA have ranged from $1.55 to $4.49 over the past 52 weeks.
A company in the Healthcare sector has dropped its sales by -21.29% annually for the last half of the decade. Company’s average yearly earnings per share was noted 40.67% at the time writing. With a float of $5.58 million, this company’s outstanding shares have now reached $7.02 million.
Edesa Biotech Inc (EDSA) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Edesa Biotech Inc is 20.68%, while institutional ownership is 29.99%.
Edesa Biotech Inc (EDSA) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.54) by 0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.39% during the next five years compared to -21.29% drop over the previous five years of trading.
Edesa Biotech Inc (NASDAQ: EDSA) Trading Performance Indicators
Check out the current performance indicators for Edesa Biotech Inc (EDSA). In the past quarter, the stock posted a quick ratio of 18.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.33, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach -2.09 in one year’s time.
Technical Analysis of Edesa Biotech Inc (EDSA)
Let’s dig in a bit further. During the last 5-days, its volume was 3.26 million. That was better than the volume of 0.68 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.11%.
During the past 100 days, Edesa Biotech Inc’s (EDSA) raw stochastic average was set at 29.46%, which indicates a significant increase from 24.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.22 in the past 14 days, which was higher than the 0.14 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.49, while its 200-day Moving Average is $2.25. However, in the short run, Edesa Biotech Inc’s stock first resistance to watch stands at $2.39. Second resistance stands at $2.63. The third major resistance level sits at $2.87. If the price goes on to break the first support level at $1.91, it is likely to go to the next support level at $1.67. The third support level lies at $1.43 if the price breaches the second support level.
Edesa Biotech Inc (NASDAQ: EDSA) Key Stats
There are currently 7,038K shares outstanding in the company with a market cap of 15.20 million. Presently, the company’s annual sales total 0 K according to its annual income of -6,170 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -1,750 K.
