TransCode Therapeutics Inc (NASDAQ:RNAZ) price is hovering lower on current market day and dropping -22.07% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.57, with intraday deals fluctuating between $0.396 and $0.5844. The company’s 5Y monthly beta was ticking 0.468. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.20 and 52-week low of $0.22. The stock added 68.94% on its value in the past month.
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TransCode Therapeutics Inc, which has a market valuation of $7.69 million, is expected to release its quarterly earnings report on 2024-Aug-14.
On average, analysts have forecast the company’s revenue for the quarter will hit 300k, with the likely lows of 300k and highs of 300k. Staying with the analyst view, there is a consensus estimate of 500k for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give RNAZ a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that RNAZ’s price is at present 24.91% off the SMA20 and 40.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.57, with weekly volatility standing at 37.15%. The indicator jumps to 20.98% when calculated based on the past 30 days. TransCode Therapeutics Inc (NASDAQ:RNAZ)’s beta value is holding at 0.63, while the average true range (ATR) indicator is currently reading 0.09.
An analysis of the TransCode Therapeutics Inc (NASDAQ:RNAZ) stock in terms of its daily trading volume indicates that the 3-month average is 1.83 million. However, this figure increases on the past 10-day timeline to an average of 4.47 million.
Current records show that the company has 17.27M in outstanding shares. The insiders’ percentage holdings are 0.19% of outstanding shares while the percentage share held by institutions stands at 11.46%. The stats also highlight that short interest as of 2024-09-13, stood at 0.9 million shares, which puts the short ratio at the time at 0.77. From this we can glean that short interest is 524.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 0.18 million. But the -93.25% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
