Dyne Therapeutics Inc (NASDAQ:DYN) price on current trading day, rose 2.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $46.53.
A look at the stock’s price movement, the close in the last trading session was $45.49, moving within a range at $45.13 and $46.805. The beta value (5-Year monthly) was 1.071. Turning to its 52-week performance, $47.45 and $6.40 were the 52-week high and 52-week low respectively. Overall, DYN moved 8.97% over the past month.
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Dyne Therapeutics Inc’s market cap currently stands at around $4.67 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-28.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DYN 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.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend DYN as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DYN’s current price about 6.15% and 16.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.32, while 7-day volatility ratio is 4.18% and 5.56% in the 30-day chart. Further, Dyne Therapeutics Inc (DYN) has a beta value of 1.07, and an average true range (ATR) of 2.20. Analysts have given the company’s stock an average 52-week price target of $45, forecast between a low of $18 and high of $55. Looking at the price targets, the low is 61.32% off current price level while to achieve the yearly target high, price needs to move -18.2%. Nonetheless, investors will most likely welcome a 3.29% jump to $45 which is the analysts’ median price.
If we refocus on Dyne Therapeutics Inc (NASDAQ:DYN), historical trading data shows that trading volumes averaged 0.94 over the past 10 days and 1.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 100.40 million shares.
The 27.25% of Dyne Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 84.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.88 million on 2024-07-31, giving us a short ratio of 10.72. The data shows that as of 2024-07-31 short interest in Dyne Therapeutics Inc (DYN) stood at 1185.0 of shares outstanding, with shares short rising to 9.08 million registered in 2024-06-28. Current price change has pushed the stock 249.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DYN stock continues to rise going into the next quarter.
