PAVmed (NASDAQ:PAVM) Shares Pass Below 50-Day Moving Average – Here’s What Happened

PAVmed Inc. (NASDAQ:PAVMGet Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.73 and traded as low as $0.64. PAVmed shares last traded at $0.66, with a volume of 71,996 shares traded.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets decreased their price objective on PAVmed from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, December 9th.

Check Out Our Latest Report on PAVmed

PAVmed Stock Down 0.7 %

The company has a market cap of $7.35 million, a PE ratio of -0.15 and a beta of 0.70. The firm has a 50 day simple moving average of $0.73 and a 200-day simple moving average of $0.96.

About PAVmed

(Get Free Report)

PAVmed Inc focuses on acquiring, developing, and commercializing novel products that target unmet needs in the United States. The company's lead products include CarpX, a patented, single-use, disposable, and minimally invasive surgical device for use in the treatment of carpal tunnel syndrome; EsoCheck Esophageal Cell Collection Device, which consists of diagnostic test that serves as a testing tool for preventing esophageal adenocarcinoma deaths, through early detection of esophageal precancer in at-risk gastroesophageal reflux disease, including chronic heartburn and acid reflux or simply reflux in patients; and EsoGuard, a bisulfite-converted next-generation sequencing DNA assay performed on surface esophageal cells collected with EsoCheck.

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