Genocea Biosciences, Inc. (NASDAQ:GNCA) shares, rose in value on Wednesday, Jan 13, with the stock price up by 25.31% to the previous day’s close as strong demand from buyers drove the stock to $3.07.
Actively observing the price movement in the last trading, the stock closed the session at $2.45, falling within a range of $2.4400 and $3.4900. The value of beta (5-year monthly) was 2.17 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $5.75, and the low was $1.1. On the whole, GNCA has fluctuated by 40.83% over the past month.
With the market capitalization of Genocea Biosciences, Inc. currently standing at about $163.11 Million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.21, which is expected to increase to -$1.89 for fiscal year 2021 and then to about -$0.85 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.5% in 2021, while the next year’s EPS growth is forecast to be -0.11%.
We see that GNCA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
5 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 4 recommend it as a Buy and 1 called the GNCA stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GNCA currently trading nearly 27.28% and 36.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.26, while the 7-day volatility ratio is showing 14.2% which for the 30-day chart, stands at 10.14%. Furthermore, Genocea Biosciences, Inc. (GNCA)’s beta value is 2.17, and its average true range (ATR) is 0.25. The company’s stock has been forecasted to trade at an average price of $6.6 over the course of the next 52 weeks, with a low of $4 and a high of $9. Based on these price targets, the low is 30.29 off current price, whereas the price has to move +193.16% to reach the yearly target high. Additionally, analysts’ median price of $7 is likely to be welcomed by investors because it represents an increase of +128.01% from the current levels.
A comparison of Genocea Biosciences, Inc. (GNCA) with its peers suggests the former has fared considerably better in the market. GNCA showed an intraday change of +25.31% in last session, and over the past year, it grew by +29.54%. In comparison, Zoetis Inc Cl A (ZTS) has moved lower at -2.51% on the day and was up +17.98% over the past 12 months. On the other hand, the price of Takeda Pharmaceutical CO Ltd (TAK) has fallen -1.15% on the day. The stock, however, is off -9.61% from where it was a year ago. Additionally, there is a gain of 2531% for Catalent Inc (CTLT) in last trading while the stock has seen an overall apprecation of 29.54% over the past year. The PE ratio stands at 0 for Genocea Biosciences, Inc., compared to 46.5 for Zoetis Inc Cl A, and 22.26 for Takeda Pharmaceutical CO Ltd. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Genocea Biosciences, Inc. (NASDAQ:GNCA) indicates that the trading volumes over the past 10 days have averaged 296.67 Million and over the past 3 months, they’ve averaged 355.07 Million. According to company’s latest data on outstanding shares, there are 51.64 Million shares outstanding.
Nearly 6.98% of Genocea Biosciences, Inc.’s shares belong to company insiders and institutional investors own 54.72% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.63 Million shares as on December 30, 2020, resulting in a short ratio of 4.08. According to the data, the short interest in Genocea Biosciences, Inc. (GNCA) stood at 3.16% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.71 Million. The stock has risen by +26.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GNCA stock heading into the next quarter.
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