Evofem Biosciences (NASDAQ:EVFM) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Evofem Biosciences, Inc. (NASDAQ:EVFMGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.01 and traded as high as $0.0102. Evofem Biosciences shares last traded at $0.0102, with a volume of 48,050 shares traded.

Evofem Biosciences Trading Up 4.1%

The company has a market cap of $1.29 million, a PE ratio of -0.02 and a beta of -1.28. The firm’s 50-day simple moving average is $0.01 and its two-hundred day simple moving average is $0.01.

Evofem Biosciences Company Profile

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Evofem Biosciences is a clinical‐stage biotechnology company based in San Diego, California, specializing in women’s sexual and reproductive health. Founded in 2013 as a spin-out of the Scripps Research Institute, the company is focused on developing non-hormonal, on-demand products that address unmet needs in contraception and the prevention of sexually transmitted infections.

The company’s lead commercial product, Phexxi, is an FDA-approved, non-hormonal vaginal gel that maintains the vagina’s natural pH to reduce the risk of unintended pregnancy.

Further Reading

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