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Analysts Say You Should Hold Your Position In XORTX Therapeutics Inc. (NASDAQ: XRTX)

XORTX Therapeutics Inc. (NASDAQ:XRTX) traded at $0.69 at close of the session on Monday, 01/23/23, made a downward move of -9.17% on its previous day’s price.

Looking at the stock we see that its previous close was $0.75 and the beta (5Y monthly) reads 0.48 with the day’s price range being $0.665 – $0.78. The company has a trailing 12-month PE ratio of 2.98. In terms of its 52-week price range, XRTX has a high of $2.48 and a low of $0.66. The company’s stock has lost about -12.08% over that past 30 days.

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XORTX Therapeutics Inc. has a market cap of $16.08 million.

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 XRTX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the XORTX Therapeutics Inc. (XRTX) stock as a Hold, while 1 rate it as a Buy. 0 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 Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -14.50% off its SMA20 and -17.99% from its 50-day simple moving average. The RSI (14) is pointing at 41.96 while the volatility over the past week is 20.08% and jumps to 15.24% over the past one month. The beta value is 0.33, while the average true range (ATR) is currently pointing at 0.13. The average price target for the stock over the next 12 months is $9.00, with the estimates having a low of $9.00 and a high of $9.00. These price ends are -1204.35% and -1204.35% off the current price level respectively, although investors could be excited at the prospect of a -1204.35% if the XRTX share price touches on the median price of $9.00.

Coming back to XORTX Therapeutics Inc. (NASDAQ:XRTX), we note that the average 3-month trading volume was 777.64K, while that of the preceding 10-day period stands at 4.69 million. Current shares outstanding are 12.99 million.

The insiders hold 3.74% of the company’s shares while institutions hold 6.67%. The data shows that short shares as of Oct 13, 2022, stood at 0.2 million at a short ratio of 2.69. This represents a 1.42% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 0.27 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -15.12% down in year-to-date price movement.

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