What’s Going On With Evofem Biosciences Inc (NASDAQ:EVFM)?

Evofem Biosciences Inc (NASDAQ:EVFM) is trading slightly higher after the news. Overall EVFM has been trending lower for months. There does seem to be a little buying coming into the stock, and if it could trade above 1.30, there may be the possibility of a little rally.

Market Action

As of 2:15, EVFM is trading at 1.26 up .005 adding less than 1% on the day. Volume is 1.1 million shares well below its average of 3.6 million a day. EVFM opened at $1.23 and has traded within a range of $1.21-$1.28.

EVFM Issues News

New Data on EVO100 for the Prevention of Chlamydia and Gonorrhea in Women to be Presented at ISPOR 2021

  • EVFM announced that new research on its investigational drug EVO100 for the prevention of chlamydia and gonorrhea in women will be highlighted in a poster presentation at the annual meeting of the Professional Society for Health Economics and Outcomes Research, Virtual ISPOR 2021, which will be held May 17 to 20, 2021.
  • Qualitative research was conducted among 21 women with previous experience with EVO100.
  • Participant interviews explored the concepts of sexual satisfaction and understandability of the Female Sexual Function Index (FSFI) global sexual satisfaction and product satisfaction questions in AMPREVENCE.
  • Patients were also asked about the importance of a microbicide to protect against infection and understanding the impact on sexual satisfaction. 
  • Participants reported that adherence with use of EVO100 was related to product satisfaction and the impact on global sexual satisfaction as well as efficacy.
  • All participants indicated that this information was important to know for women considering a microbicidal vaginal gel like EVO100.

Trader Notes

Share Information

SHARES OUTSTANDING102.84 M
SHARE FLOAT (%)99.99 M (97.23%)
% HELD BY INSTITUTIONS32.19

Recent Stock Performance

5-DAY PERF.+3.72%
1-MONTH PERF.-19.55%
3-MONTH PERF.-74.28%
6-MONTH PERF.-41.63%
YTD PERF.-47.93%
1-YEAR PERF.-76.05%

Moving Averages

+/- EMA(20)1.39 (-10.07%)
+/- SMA(50)1.82 (-31.32%)
+/- SMA(200)2.55 (-50.98%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3
Classic1.09001.13001.19001.23001.29001.33001.3900
Fibonacci1.13001.16821.19181.23001.26821.29181.3300

Technical Indicators

SymbolValueResultSymbolValueResult
ADX28.0399SellATR140.1647
CCI20-93.1946SellChaikin Money Flow-0.3513Sell
MACD-0.3278SellMoney Flow Index36.9224Buy
ROC-12.5874SellRSI30.6566Buy
STOCH (14,3)30.2326BuySTOCH RSI1.0000OverBought
UO37.4792BuyWilliams %R-69.7674Neutral

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