Eyenovia Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

April 11, 2022 09:51:11

Eyenovia Inc. (NASDAQ:EYEN) traded at a new 52-week high today of $10.70. This new high was reached on above average trading volume as 28.4 million shares traded hands, while the average 30-day volume is approximately 81,000 shares.

Eyenovia Inc is a clinical stage ophthalmic company developing a pipeline of advanced therapeutics based on its propriety array print (MAP) platform technology. It aims to achieve clinical microdosing of next-generation formulations of novel and existing ophthalmic pharmaceutical agents using its high-precision targeted ocular delivery system, branded the Opejet, which has the potential to replace conventional eye dropper delivery and improve safety, tolerability, patient compliance and topical delivery success for ophthalmic eye treatments. Using its proprietary delivery technology, Eyenovia is developing the next generation of smart ophthalmic therapies which target new indications or new combinations.

Over the past year, Eyenovia Inc. has traded in a range of $1.26 to $6.63 and is now at $2.81.

Eyenovia Inc. (NASDAQ:EYEN) has potential upside of 2.9% based on a current price of $2.81 and analysts’ consensus price target of $2.89.

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