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Vivani Medical, Inc. (VANI)

Healthcare | Biotechnology | Alameda, United States | NasdaqCM
1.51 USD +0.17 (12.687%) ⇧ (April 20, 2026, 4 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 18, 2026, 11:08 p.m. EDT

Despite the recent 4-week earnings rally and significant insider accumulation, VANI is a cash-burning biotech binary play with no fundamental value (negative earnings, high debt/equity) and zero seasonal interest. The only 'buy' thesis is a belief in the semaglutide implant data; otherwise, it is a high-risk speculation where the lack of analyst attention and options volume precludes any reliable technical setup.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.137746
AutoARIMA0.160815
AutoETS0.161149
MSTL0.174696

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 45%
H-stat 7.41
Ljung-Box p 0.000
Jarque-Bera p 0.807
Excess Kurtosis 0.26
Attribute Value
Sector Healthcare
Debt to Equity Ratio 119.866
Market Cap 127,818,176
Forward P/E -4.31
Beta 3.37
Previous Name Second Sight Medical Products, Inc.
Website https://www.vivani.com

As of April 18, 2026, 11:08 p.m. EDT: Options data reveals a complex divergence in sentiment. The April 17 expiry shows massive put volume (1.5k vol) relative to Open Interest (482), indicating active selling or hedging pressure despite the short OTM nature relative to the $1.34 price. In contrast, the May and August expirations feature strong Call Open Interest (OI), particularly at the $2.00 strike in August, suggesting speculative positioning for a recovery to $2.00 over the next 6-9 months. However, general Open Interest is low and insignificant, indicating that the recent price run-up is driven purely by physical share flow (insider buying) rather than institutional or retail options speculation.


Info Dump

Attribute Value
52 Week Change 0.4803921
Address1 1,350 South Loop Road
All Time High 576.48
All Time Low 0.754
Ask 1.55
Ask Size 1
Average Daily Volume10 Day 373,850
Average Daily Volume3 Month 326,014
Average Volume 326,014
Average Volume10Days 373,850
Beta 3.367
Bid 1.47
Bid Size 1
Book Value 0.206
City Alameda
Compensation As Of Epoch Date 1,735,603,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 1.51
Current Ratio 2.711
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 1.53
Day Low 1.27
Debt To Equity 119.866
Display Name Vivani Medical
Dividend Date 1,578,268,800
Earnings Timestamp 1,774,555,200
Earnings Timestamp End 1,778,702,400
Earnings Timestamp Start 1,778,702,400
Ebitda -27,132,000
Ebitda Margins 0.0
Enterprise To Ebitda -4.808
Enterprise Value 130,441,184
Eps Current Year -0.35
Eps Forward -0.35
Eps Trailing Twelve Months -0.43
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.17256
Fifty Day Average Change 0.33744
Fifty Day Average Change Percent 0.2877806
Fifty Two Week Change Percent 48.03921
Fifty Two Week High 1.92
Fifty Two Week High Change -0.40999997
Fifty Two Week High Change Percent -0.21354166
Fifty Two Week Low 0.923
Fifty Two Week Low Change 0.587
Fifty Two Week Low Change Percent 0.6359697
Fifty Two Week Range 0.923 - 1.92
Financial Currency USD
First Trade Date Milliseconds 1,416,407,400,000
Float Shares 38,860,113
Forward Eps -0.35
Forward P E -4.3142858
Free Cashflow -15,893,500
Full Exchange Name NasdaqCM
Full Time Employees 42
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.34344003
Held Percent Institutions 0.064229995
Implied Shares Outstanding 84,647,803
Industry Biotechnology
Industry Disp Biotechnology
Industry Key biotechnology
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,660,867,200
Last Split Factor 1:3
Long Business Summary Vivani Medical, Inc., a clinical-stage biopharmaceutical company, engages in the development of miniaturized and subdermal drug implants that treat chronic diseases. The company uses its NanoPortal implant technology to develop and potentially commercialize drug implant candidates in the treatment of chronic disease and medication non-adherence. Its pipeline includes NPM-115, a high-dose exenatide implant candidate is in clinical stage development for the treatment of chronic weight management in patients with obesity or overweight; NPM-119, an exenatide implant candidate is in preclinical stage development for the treatment of patients with type 2 diabetes; NPM-139, a miniature and subdermal GLP-1 implant in development for chronic weight management; and OKV-119, an exenatide implant for metabolic diseases in cats. The company is headquartered in Alameda, California.
Long Name Vivani Medical, Inc.
Market us_market
Market Cap 127,818,176
Market State PRE
Max Age 86,400
Message Board Id finmb_260862802
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-20
Net Income To Common -26,609,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 127,818,182
Number Of Analyst Opinions 3
Open 1.31
Operating Cashflow -24,320,000
Operating Margins 0.0
Payout Ratio 0.0
Phone 415 506 8462
Pre Market Change 0.00999999
Pre Market Change Percent 0.66225106
Pre Market Price 1.52
Pre Market Time 1,776,774,833
Prev Name Second Sight Medical Products, Inc.
Previous Close 1.34
Price Eps Current Year -4.3142858
Price Hint 4
Price To Book 7.330097
Profit Margins 0.0
Quick Ratio 2.558
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.17
Regular Market Change Percent 12.6866
Regular Market Day High 1.53
Regular Market Day Low 1.27
Regular Market Day Range 1.27 - 1.53
Regular Market Open 1.31
Regular Market Previous Close 1.34
Regular Market Price 1.51
Regular Market Time 1,776,715,200
Regular Market Volume 921,688
Return On Assets -0.42549
Return On Equity -1.5962199
Sand P52 Week Change 0.34445214
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Shares Outstanding 84,647,803
Shares Percent Shares Out 0.0063
Shares Short 532,131
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 290,597
Short Name Vivani Medical, Inc.
Short Percent Of Float 0.0087
Short Ratio 2.28
Source Interval 15
State CA
Symbol VANI
Target High Price 7.0
Target Low Price 3.5
Target Mean Price 4.83333
Target Median Price 4.0
Total Cash 16,232,000
Total Cash Per Share 0.192
Total Debt 18,855,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.43
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.338815
Two Hundred Day Average Change 0.17118502
Two Hundred Day Average Change Percent 0.1278631
Type Disp Equity
Volume 921,688
Website https://www.vivani.com
Zip 94,502