BACK, ZPTA and ABVC are among premarket gainers
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ABVC BioPharma, Inc. CEO Selected as 2024 Top 10 CEO in CEO Insights Asia Magazine
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ABVC BioPharma Inc is a clinical-stage biopharmaceuticals company with an active pipeline of six drugs and one medical device (ABV-1701/Vitargus) under development. For its drug products, it is focused on utilizing its licensed technology to conduct proof-of-concept trials through Phase II of the clinical development process. The firm is specialized in botanically based solutions that deliver high efficacy with low toxicity for improved health outcomes.
Abvc Biopharma trades on the NASDAQ stock market under the symbol ABVC.
As of April 25, 2024, ABVC stock price declined to $1.46 with 997,358 million shares trading.
ABVC has a beta of -1.11, meaning it tends to be less sensitive to market movements. ABVC has a correlation of 0.01 to the broad based SPY ETF.
ABVC has a market cap of $15.42 million. This is considered a Sub-Micro Cap stock.
The top ETF exchange traded funds that ABVC belongs to (by Net Assets): VXF.
ABVC stock has underperformed the market in the last year with a return of -77.9%, while SPY returned +22.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ABVC shares. However, ABVC has outperformed the market in the last 3 month and 2 week periods, returning +16.8% and +28.1%, while SPY returned +3.1% and -3.0%, respectively. This indicates ABVC has been having a stronger performance recently.
ABVC support price is $1.35 and resistance is $1.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABVC stock will trade within this expected range on the day.