Evofem Biosciences (NASDAQ:EVFM) Stock Crosses Below 50-Day Moving Average – Here’s Why

Evofem Biosciences, Inc. (NASDAQ:EVFM – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $0.01 and traded as low as $0.0074. Evofem Biosciences shares last traded at $0.0074, with a volume of 126,739 shares changing hands.

Evofem Biosciences Price Performance

The stock has a market cap of $980,722.00, a P/E ratio of -0.01 and a beta of -1.30. The firm’s fifty 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, Inc was a biopharmaceutical company focused on developing and commercializing products for women’s sexual and reproductive health. Its lead product was Phexxi, a non-hormonal, on-demand prescription vaginal gel designed to prevent pregnancy by maintaining an acidic vaginal environment that reduces sperm motility.

Phexxi received approval from the U.S. Food and Drug Administration in 2020 and was marketed in the United States. The product was positioned as a hormone-free contraceptive option that could be used immediately before or shortly after sexual intercourse.

Further Reading

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