Wall Street is positive on Evofem Biosciences Inc (EVFM). On average, analysts give Evofem Biosciences Inc a Strong Buy rating. The average price target is $16.492, which means analysts expect the stock to increase by 1516.86% over the next twelve months.
That average ranking earns Evofem Biosciences Inc an Analyst Rating of 41, which is better than 41% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating EVFM a Strong Buy today. Find out what this means to you and get the rest of the rankings on EVFM!
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Evofem Biosciences Inc Stock Today?
Evofem Biosciences Inc (EVFM) stock is trading at $1.02 as of 1:29 PM on Friday, Jul 1, a loss of -$0.11, or -9.73% from the previous closing price of $1.13. The stock has traded between $0.92 and $1.12 so far today. Volume today is 37,563,976 compared to average volume of 42,880,368.
Click Here to get the full Stock Report for Evofem Biosciences Inc stock.
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