Morphic Holding Inc (NASDAQ:MORF) price on Thursday, August 01, rose 0.32% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $56.84.
A look at the stock’s price movement, the level at last check in today’s session was $56.66. Turning to its 52-week performance, $62.08 and $19.34 were the 52-week high and 52-week low respectively. Overall, MORF moved 81.71% over the past month.
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Morphic Holding Inc’s market cap currently stands at around $2.85 billion.
The average forecast suggests down to a -93.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 250k, representing a -52.00% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MORF is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
MORF’s current price about 5.63% and 43.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 83.33, while 7-day volatility ratio is 0.22% and 0.87% in the 30-day chart. Further, Morphic Holding Inc (MORF) has a beta value of 1.49, and an average true range (ATR) of 1.04.
If we refocus on Morphic Holding Inc (NASDAQ:MORF), historical trading data shows that trading volumes averaged 2.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 49.75 million shares.
The 23.28% of Morphic Holding Inc’s shares are in the hands of company insiders while institutional holders own 92.03% of the company’s shares. Current price change has pushed the stock 96.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MORF stock continues to rise going into the next quarter.
