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What Do Analysts Think About Shuttle Pharmaceuticals Holdings Inc.’s (NASDAQ:SHPH) Future?

The trading price of Shuttle Pharmaceuticals Holdings Inc. (NASDAQ:SHPH) closed higher on Tuesday, May 23, closing at $1.51, 46.60% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $1.43 and $2.75. In examining the 52-week price action we see that the stock hit a 52-week high of $126.26 and a 52-week low of $1.02. Over the past month, the stock has lost -2.58% in value.

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Shuttle Pharmaceuticals Holdings Inc., whose market valuation is $20.67 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Shuttle Pharmaceuticals Holdings Inc. No upward and no downward comments were posted in the last 7 days.

A quick review shows that SHPH’s price is currently 17.89% off the SMA20 and 13.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.60, and weekly volatility stands at 24.78%. When measured over the past 30 days, the indicator reaches 14.75%. Shuttle Pharmaceuticals Holdings Inc. (NASDAQ:SHPH)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.24.

To see how Shuttle Pharmaceuticals Holdings Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: SHPH stock’s performance was 46.60% in the latest trading. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.

An evaluation of the daily trading volume of Shuttle Pharmaceuticals Holdings Inc. (NASDAQ:SHPH) indicates that the 3-month average is 78.46K. However, this figure has increased over the past 10 days to an average of 7.3 million.

Currently, records show that 13.65 million of the company’s shares remain outstanding. The insiders hold 26.30% of outstanding shares, whereas institutions hold 3.70%. The stats also highlight that short interest as of Apr 27, 2023, stood at 87480.0 shares, resulting in a short ratio of 1.46 at that time. From this, we can conclude that short interest is 0.64% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 0.12 million. However, since the stock’s price has seen -22.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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