Evotec AG (NASDAQ:EVO – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 22,066 shares, a drop of 78.5% from the September 15th total of 102,492 shares. Based on an average daily volume of 241,452 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
EVO has been the subject of several analyst reports. Weiss Ratings downgraded Evotec from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 25th. TD Cowen downgraded Evotec from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a report on Wednesday, July 15th. HC Wainwright reduced their price target on Evotec from $7.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Berenberg Bank cut Evotec from a “buy” rating to a “hold” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.00.
Check Out Our Latest Stock Report on Evotec
Institutional Inflows and Outflows
Evotec Stock Down 1.8%
EVO stock traded down $0.03 during trading on Tuesday, reaching $1.34. The stock had a trading volume of 49,994 shares, compared to its average volume of 102,400. Evotec has a 1-year low of $1.33 and a 1-year high of $4.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.21 and a current ratio of 2.33. The firm has a fifty day moving average price of $1.79 and a 200 day moving average price of $2.38.
Evotec Company Profile
Evotec SE is a life sciences company headquartered in Hamburg, Germany, that provides drug discovery and development services to pharmaceutical, biotechnology and academic partners. Founded in 1993, the company supports programs from early-stage research through preclinical and clinical development, with expertise in small-molecule and biologic therapies.
Its activities include target identification and validation, screening, medicinal chemistry, pharmacology, drug manufacturing support and development services.
See Also
- Five stocks we like better than Evotec
- A Silent Winner: Texas Instruments Anchors the AI Supercycle
- Amazon’s $220 Billion AI Bet Is Getting Bigger—Can Earnings Justify the Spending?
- Enlisting Capital: Wolfspeed’s Defense Deal
- Ag Equipment’s Recovery Trade Meets Washington’s Scrutiny
Receive News & Ratings for Evotec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evotec and related companies with MarketBeat.com's FREE daily email newsletter.
