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hVIVO (LON:HVO) Share Price Crosses Above 50 Day Moving Average - Here's Why

hVIVO logo with Medical background

Key Points

  • hVIVO plc's stock (LON:HVO) recently traded above its 50-day moving average of GBX 10.49, reaching a high of GBX 10.50 during trading.
  • Brokerages have issued target prices for hVIVO, with Peel Hunt setting a target of GBX 21 and Shore Capital at GBX 35.
  • hVIVO specializes in human challenge clinical trials for testing vaccines and antivirals, catering to major pharmaceuticals and public health organizations.
  • Want stock alerts on hVIVO? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

hVIVO plc (LON:HVO - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 10.49 ($0.14) and traded as high as GBX 10.50 ($0.14). hVIVO shares last traded at GBX 10.23 ($0.14), with a volume of 913,857 shares.

Wall Street Analysts Forecast Growth

HVO has been the subject of a number of research reports. Peel Hunt restated an "add" rating and set a GBX 21 target price on shares of hVIVO in a report on Tuesday, July 29th. Shore Capital restated a "buy" rating and set a GBX 35 target price on shares of hVIVO in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 28.

Check Out Our Latest Research Report on hVIVO

hVIVO Stock Down 2.1%

The company has a debt-to-equity ratio of 33.86, a quick ratio of 1.16 and a current ratio of 1.61. The stock has a market cap of £70.97 million, a price-to-earnings ratio of 4.14 and a beta of 0.97. The business's 50 day moving average is GBX 10.43 and its 200 day moving average is GBX 14.12.

hVIVO Company Profile

(Get Free Report)

hVIVO plc operates as a pharmaceutical service and contract research company. The company is involved in testing vaccines and antivirals using human challenge clinical trials. It provides services to big pharma, biotech, government, and public health organizations. The company has a portfolio of human challenge study models for conditions, such as RSV, flu, human rhinovirus, asthma, malaria, cough, and COPD, as well as developing COVID-19 human challenge study model.

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