The stock of Apivio Systems Inc (CVE:APV) hit a new 52-week low and has $0.23 target or 11.00% below today’s $0.26 share price. The 6 months bearish chart indicates high risk for the $11.44M company. The 1-year low was reported on Sep, 13 by Barchart.com. If the $0.23 price target is reached, the company will be worth $1.26M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $0.26 per share. It is up 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
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