Tivic Health Systems, Inc. (NASDAQ:TIVC) shares are trading higher Wednesday after the company announced the final results of its pilot research study on cervical vagus nerve stimulation.
The Details:
Tivic Health said it has confirmed the effectiveness of its patent-pending non-invasive cervical vagus nerve stimulation (ncVNS) approach, which induces responses in the autonomic, cardiac, and central nervous systems and can be expected to have clinical utility in several major disease areas.
"We are strongly encouraged by the magnitude of the treatment effects from our ncVNS approach, particularly in the context of current state of the art," said Blake Gurfein, Ph.D., Chief Scientific Officer of Tivic Health. "This study provided important validation of our approach and will help steer our design of new products leveraging ncVNS."
Tivic Health shares are moving on heavy trading volume following the announcement. According to data from Benzinga Pro, more than 20.6 million shares have already been traded in the session, compared to the stock's 100-day average of less than 112,000 shares.
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Is TIVC A Good Stock To Buy?
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Tivic Health Systems' page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Tivic Health Systems does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 13.32%, you'll need to buy a share of Ellington Financial by the May 31. Once done, you can expect to receive a nominal payout of $0.13 on June 25
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Tivic Health Systems will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
TIVC Price Action: According to Benzinga Pro, Tivic Health Systems shares are up 2.85% at $1.08 at the time of publication Wednesday.
Image: Mohamed Hassan from Pixabay