SPECIAL REPORT The Top 7 Stocks for 2024

Why Is Tivic Health (TIVC) Stock Up 63% Today?

Advertisement

  • Tivic Health (TIVC) stock is increasing Monday ahead of its earnings release.
  • The company’s third-quarter earnings report will come out after markets close on Tuesday.
  • Speculative traders are pumping up the stock up ahead of that report.
TIVC Stock - Why Is Tivic Health (TIVC) Stock Up 63% Today?

Source: metamorworks / Shutterstock

Tivic Health (NASDAQ:TIVC) stock is taking off on Monday as investors are hopeful about the health technology company’s upcoming earnings report.

Tivic Health is set to release its earnings report for the third quarter of 2023 after markets close on Tuesday. It will follow this up with a conference call covering its earnings at 4:30 p.m. Eastern.

There’s not much in the way of analyst coverage for TIVC stock. Even so, the one firm that is weighing in on the company expects EPS of -7 cents alongside revenue of $780,000 for Q3 2023.

Why This Matters for TIVC Stock

TIVC is an incredibly speculative stock due to its penny stock status and low float. It’s market capitalization is low at $2.8 million and only about 1.44 million shares are available.

Keeping that in mind, TIVC stock is seeing heavy trading on Monday. As of this writing, more than 38 million shares have changed hands. For comparison, the company’s daily average trading volume is about 784,000 shares.

TIVC stock is up 63.3% as of Monday morning but down 97% since the start of the year.

Investors seeking out even more of the most recent stock market news for Monday will want to keep reading!

InvestorPlace is home to all of the hottest stock market stories traders need to know about today. A few examples include why stocks are down today, Continental (OTCMKTS:CTTAY) layoffs news and Nio (NYSE:NIO) changing its Board of Directors. You can find out more on these matters at the links below!

More Stock Market News for Monday

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. 

Read More:Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2023/11/why-is-tivic-health-tivc-stock-up-63-today/.

©2024 InvestorPlace Media, LLC