Annovis Bio Inc (ANVS) Stock Forecast & Predictions

Annovis Bio Inc ANVS: $22.9

1055 Westlakes Dr Ste 300, Berwyn, Pennsylvania, US. | Sector: Manufacturing | Exchange: NYSE MKT LLC | Web: https://www.annovisbio.com/

  • Market Cap$0.16B
  • Change (52 Weeks)502.63%
  • Low (52 Weeks)$3.33
  • Annovis Bio Inc (ANVS) Forecast Based on Technical Analysis


    Neutral
    Based on 15 Technical Indicators where 26.67% are on Buy, 20.00% on Sell, and 53.33% Neutral.

    According to the market data, Annovis Bio Inc (ANVS) stock price is $22.9 and the 52 weeks low is $3.33, which means the Annovis Bio Inc stock price is up 502.63% in the last 12 months.

    Annovis Bio Inc (ANVS) Stock Price has been Trending Strongly with an ADX reading of 59.29 as per the Weekly Chart.

    A Upward trend indicates that Annovis Bio Inc (ANVS) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 26.67% are indicating that ANVS Stock price might rise further, 20.00% indicating that ANVS Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall ANVS stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Annovis Bio Inc (ANVS) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Annovis Bio Inc (ANVS) is based on 7 Institutional Analyst Ratings where 57.14% are on Strong Buy, 28.57% on Moderate Buy, 14.29% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 7 Institutional Analysts, majority recommended ANVS stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Annovis Bio Inc.

    Annovis Bio Inc (ANVS) Stock Price Prediction By Analysts


    HighLowAverage
    $21.00$12.12$16.32
    $16.3228.73% Downside
    Updated: 2021-04-12 00:00:00

    The Average Price target for ANVS set by the institutional analysts is $16.32 where High Estimate is $21.00, Median $16.32 and Low $12.12.

    The average price target for ANVS by Institutional Analysts is $16.32, which is 28.73% Downside from the current price. So according to the Institutional Analysts, ANVS Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Annovis Bio Inc (ANVS) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 381,013 investor portfolio.

    Our algorithm has analysed 381,013 investor portfolio with ANVS stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about ANVS and holding their positions hoping for a further rise in the stock price and more profit.

    Annovis Bio Inc (ANVS) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.163
    The average consensus EPS for ANVS is $-0.163 with a high estimate of $-0.168 and Low of $-0.157 for the period 2020-12-31 and based on 3 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.15$-0.1532020-09-30


    The latest average Earning Per Share Estimate for Annovis Bio Inc is $-0.16, which is lower than ANVS's last EPS, $-0.15. This means that Analysts are expecting Annovis Bio Inc to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Annovis Bio Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.15$-0.1532020-09-30
    $-0.34$-0.1532020-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).