Evofem Biosciences (NASDAQ:EVFM) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Evofem Biosciences, Inc. (NASDAQ:EVFMGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.01 and traded as low as $0.0071. Evofem Biosciences shares last traded at $0.0071, with a volume of 643,430 shares.

Evofem Biosciences Trading Up 6.8%

The firm has a market capitalization of $1.03 million, a PE ratio of -0.01 and a beta of -1.30. The stock’s 50 day moving average price is $0.01 and its two-hundred day moving average price is $0.01.

Evofem Biosciences Company Profile

(Get Free Report)

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.

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