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Is Theseus Pharmaceuticals Inc. (NASDAQ: THRX) Still Hot This Week?

Theseus Pharmaceuticals Inc. (NASDAQ:THRX) traded at $11.00 at close of the session on Monday, 01/23/23, made a downward move of -0.45% on its previous day’s price.

Looking at the stock we see that its previous close was $11.05 with the day’s price range being $10.31 – $11.56. In terms of its 52-week price range, THRX has a high of $15.21 and a low of $4.01. The company’s stock has gained about 104.08% over that past 30 days.

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Theseus Pharmaceuticals Inc. has a market cap of $454.30 million and is expected to release its quarterly earnings report on Aug 11, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.34, with the EPS growth for the year raised at -$1.29 for 2022 and -$1.81 for next year. These figures represent 54.60% and -40.30% 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 THRX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Theseus Pharmaceuticals Inc. (THRX) stock as a Hold, while 5 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 Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 43.54% off its SMA20 and 61.85% from its 50-day simple moving average. The RSI (14) is pointing at 70.27 while the volatility over the past week is 17.07% and jumps to 11.93% over the past one month. The average price target for the stock over the next 12 months is $21.67, with the estimates having a low of $18.00 and a high of $24.00. These price ends are -63.64% and -118.18% off the current price level respectively, although investors could be excited at the prospect of a -100.0% if the THRX share price touches on the median price of $22.00.

Let’s briefly compare Theseus Pharmaceuticals Inc. (THRX) stock to its peers. We find that current price change of -0.45% and 11.00% over the past 12 months for THRX competes that of Blueprint Medicines Corporation (BPMC), which has seen its stock price fall -0.39% in the last trading session and was -36.02% over the last one year. Another of its peers Mirati Therapeutics Inc. (MRTX) has gained 4.93% previous session, and was -59.51% down over the past year, while Relay Therapeutics Inc. (RLAY) was also up 0.97% in the last session, while its price remained in the red at -11.69% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.

Coming back to Theseus Pharmaceuticals Inc. (NASDAQ:THRX), we note that the average 3-month trading volume was 181.22K, while that of the preceding 10-day period stands at 0.5 million. Current shares outstanding are 38.59 million.

The insiders hold 0.90% of the company’s shares while institutions hold 89.50%. The data shows that short shares as of Oct 13, 2022, stood at 0.94 million at a short ratio of 17.38. This represents a 2.44% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 0.92 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 120.88% up in year-to-date price movement.

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