Goldman Sachs & Co. LLC has recently announced that it has increased stake in ZyVersa Therapeutics Inc. (NASDAQ:ZVSA) by 61.02%. After grabbing 0.1 million shares, the institutional investor is now in possession of 39213.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.51% having worth around $48114.0. Moreover, EdgeHill Partners increased its share by 17126.0 to have a control over 17126.0 shares. And The Vanguard Group, Inc. raised its holdings to 16894.0 shares by acquiring 16894.0 shares or 0.08% of the stake.
ZyVersa Therapeutics Inc. (ZVSA) concluded trading on 05/24/23 at a closing price of $0.44, with 1.24 million shares of worth about $0.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -95.72% during that period and on Wednesday the price saw a gain of about 1.30%. Currently the company’s common shares owned by public are about 9.13M shares, out of which, 4.15M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 3,565,310 shares in 9 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
RiverNorth Opportunities Fund Inc, EHP Global Arbitrage Alternative, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in ZyVersa Therapeutics Inc. RiverNorth Opportunities Fund Inc is currently holding 48471.0 shares of worth totaling $22539.0. The company recently came selling 16157.0 shares which brought its stake up to 0.24% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 17194.0 shares, have now control over 0.09% of the stake in the company. It holds 300.0 shares of worth $7995.0.
However, the stock later moved at a day high price of 0.4600, or with a gain of 1.30%. Stock saw a price change of 16.16% in past 5 days and over the past one month there was a price change of -72.94%. Over the period of past 52 weeks, stock dropped to lowest price of $0.37 but also hit the highest price of $25.00 during that period. The average intraday trading volume for ZyVersa Therapeutics Inc. shares is 1.48 million. The stock is currently trading -10.05% below its 20-day simple moving average (SMA20), while that difference is down -66.26% for SMA50 and it goes to -92.15% lower than SMA200.
Goldman Sachs & Co. LLC acquired 0.1 million shares of ZyVersa Therapeutics Inc. having value of about $48114.0. Data submitted at the U.S SEC by Goldman Sachs & Co. LLC revealed that the firm now holds 39213.0 shares in the company valued at close to $17253.72, or have control over 61.02% stake in the company. ZyVersa Therapeutics Inc. (NASDAQ: ZVSA) currently have 9.13M outstanding shares and institutions hold larger chunk of about 81.20% of that. Holding of mutual funds in the company is about 0.43% while other institutional holders and individual stake holders have control over 7.24% and 0.36% of the stake respectively.
The stock has a current market capitalization of $7.74M. It has posted earnings per share of -$2.62 in the same period. It has Quick Ratio of 0.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZVSA, volatility over the week remained 12.78% while standing at 15.56% over the month.
Stock’s fiscal year EPS is expected to drop by -198.60%.
Analysts at 0 brokerage firms have issued recommendations for the ZyVersa Therapeutics Inc. (ZVSA)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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