Renovacor Inc. (AMEX:RCOR) traded at $2.18 at close of the session on Tuesday, 09/20/22, made an upward move of 14.74% on its previous day’s price.
Looking at the stock we see that its previous close was $1.90 and the beta (5Y monthly) reads 0.22 with the day’s price range being $2.06 – $2.30. In terms of its 52-week price range, RCOR has a high of $10.50 and a low of $1.34. The company’s stock has gained about 28.72% over that past 30 days.
Renovacor Inc. has a market cap of $39.89 million and is expected to release its quarterly earnings report on Mar 02, 2022 – Mar 07, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.6, with the EPS growth for the year raised at -$1.3 for 2022 and -$1.63 for next year. These figures represent 30.50% and -25.40% growth in EPS for the two years respectively.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the RCOR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Renovacor Inc. (RCOR) stock as a Hold, while 1 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 18.03% off its SMA20 and 16.20% from its 50-day simple moving average. The RSI (14) is pointing at 61.59 while the volatility over the past week is 11.44% and jumps to 12.40% over the past one month. The average price target for the stock over the next 12 months is $8.55, with the estimates having a low of $2.60 and a high of $20.00. These price ends are -19.27% and -817.43% off the current price level respectively, although investors could be excited at the prospect of a -166.06% if the RCOR share price touches on the median price of $5.80.
Coming back to Renovacor Inc. (AMEX:RCOR), we note that the average 3-month trading volume was 12.38K, while that of the preceding 10-day period stands at 0.2 million. Current shares outstanding are 17.48 million.
The insiders hold 4.10% of the company’s shares while institutions hold 58.00%. The data shows that short shares as of Jul 14, 2022, stood at 77000.0 at a short ratio of 6.07. This represents a 0.45% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 65920.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -71.69% down in year-to-date price movement.