Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) shares, rose in value on Friday, August 30, with the stock price down by -7.20% to the previous day’s close as strong demand from buyers drove the stock to $266.35.
Actively observing the price movement in the recent trading, the stock is buoying the session at $287.01, falling within a range of $261.0 and $273.24. The value of beta (5-year monthly) is 0.37. Referring to stock’s 52-week performance, its high was $287.55, and the low was $141.98. On the whole, ALNY has fluctuated by -0.84% over the past month.
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With the market capitalization of Alnylam Pharmaceuticals Inc currently standing at about $34.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.24B, with a low estimate of 458.4M and a high estimate of 583.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 526.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALNY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ALNY currently trading nearly -1.95% and 5.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.14, while the 7-day volatility ratio is showing 3.91% which for the 30-day chart, stands at 3.80%. Furthermore, Alnylam Pharmaceuticals Inc (ALNY)’s beta value is 0.38, and its average true range (ATR) is 10.58.
A comparison of Alnylam Pharmaceuticals Inc (ALNY) with its peers suggests the former has fared considerably weaker in the market. ALNY showed an intraday change of -7.20% in today’s session so far, and over the past year, it grew by 36.97%%.
Data on historical trading for Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 1.15 million. According to company’s latest data on outstanding shares, there are 128.38 million shares outstanding.
Nearly 0.90% of Alnylam Pharmaceuticals Inc’s shares belong to company insiders and institutional investors own 93.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.52 million shares as on 2024-08-15, resulting in a short ratio of 5.06. According to the data, the short interest in Alnylam Pharmaceuticals Inc (ALNY) stood at 405.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 4.49 million. The stock has risen by 39.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALNY stock heading into the next quarter.
