Evofem Biosciences (NASDAQ:EVFM) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Evofem Biosciences, Inc. (NASDAQ:EVFMGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.01 and traded as low as $0.0076. Evofem Biosciences shares last traded at $0.0083, with a volume of 67,052 shares traded.

Evofem Biosciences Stock Performance

The business has a 50-day moving average price of $0.01 and a two-hundred day moving average price of $0.01. The firm has a market capitalization of $1.06 million, a price-to-earnings ratio of -0.01 and a beta of -1.32.

About Evofem Biosciences

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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.

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