Enveric Biosciences Inc (NASDAQ:ENVB) stock ended higher on Friday and surged over 40% last week.
ENVB stock was up $0.29 or 11.93% to close at $2.72 on Friday. The stock made a high and low of $3.15 and $2.53 respectively for the session after opening at $2.78. The total volume for the day was 35.61 million shares – 5.50X is average volume of 4.03 million shares.
ENVB Released News This Week
May 18, 2021 – Enveric Biosciences Reports First Quarter 2021 Financial Results
- Net cash used in operating activities was $3,162,278 during the three months ended March 31, 2021, which consisted primarily of a net loss of $3,250,711, offset by amortization of intangibles of $136,640, other income from the change in fair value of warrant liability of $3,813,000, stock-based compensation expense of $3,591,565, inducement expense related to conversion of warrants of $298,714, increases in prepaid expenses and other current assets for $66,208, offset by increases in accounts payable and accrued liabilities of $59,278.
- Net cash provided by financing activities was $24,881,733 during the three months ended March 31, 2021, which included $21,614,488 in proceeds from the sale of common stock, net of offering costs, and $3,267,245 in proceeds from warrant exercises.
- Cash as of March 31, 2021 totaled $22,657,150 and the Company currently has no debt.
- Being a pioneer in the NFT space, Tory has developed his career as a creative disruptor. Tory’s NFT album will be available exclusively on the upcoming Emmersive Entertainment platform.
David J. Kovacs, Co-Founder of Emmersive Entertainment, as well as Co-Founder of First Contact Entertainment, a leading virtual reality video game company that includes Call of Duty veterans, added, “Tory’s transcendental forward thinking, and laser focused vision was a perfect synergy for us. There are very few people on Earth with his gift. When you combine that talent and vision with the marketing power that Vinco can access through Lomotif, it’s a clear winner. With 10’s of millions of active users we can market our proprietary E-NFT’s to a targeted audience not only nationwide but worldwide as well.”
|SHARES OUTSTANDING||21.39 M|
|SHARE FLOAT (%)||16.23 M (75.90%)|
|% HELD BY INSTITUTIONS||5.19|
Recent Stock Performance
|+/- EMA(20)||2.32 (+17.24%)|
|+/- SMA(50)||2.71 (+0.37%)|
|+/- SMA(200)||4.55 (-40.22%)|
|CCI20||187.2666||Buy||Chaikin Money Flow||-0.2176||Sell|
|MACD||-0.1013||Sell||Money Flow Index||92.0102||OverBought|
|STOCH (14,3)||66.9231||Buy||STOCH RSI||1.0000||OverBought|