Evofem Biosciences (NASDAQ:EVFM) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Evofem Biosciences, Inc. (NASDAQ:EVFMGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.01 and traded as low as $0.0090. Evofem Biosciences shares last traded at $0.0091, with a volume of 75,055 shares traded.

Evofem Biosciences Stock Performance

The business’s 50 day moving average price is $0.01 and its 200-day moving average price is $0.01. The firm has a market capitalization of $1.15 million, a PE ratio of -0.01 and a beta of -1.41.

About Evofem Biosciences

(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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