Neumora Therapeutics Inc. (NASDAQ:NMRA) shares, rose in value, with the stock price up by 7.62% to the previous day’s close as strong demand from buyers drove the stock to $15.40.
Actively observing the price movement in the last trading, the stock closed the session at $14.31, falling within a range of $13.75 and $15.99. Referring to stock’s 52-week performance, its high was $21.00, and the low was $8.33. On the whole, NMRA has fluctuated by 35.09% over the past month.
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With the market capitalization of Neumora Therapeutics Inc. currently standing at about $2.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NMRA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NMRA currently trading nearly 16.00% and 26.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.79, while the 7-day volatility ratio is showing 9.26% which for the 30-day chart, stands at 6.90%. Furthermore, Neumora Therapeutics Inc. (NMRA)’s beta value is 3.73, and its average true range (ATR) is 0.92.
A comparison of Neumora Therapeutics Inc. (NMRA) with its peers suggests the former has fared considerably weaker in the market. NMRA showed an intraday change of 7.62% in last session, and over the past year, it grew by 37.87%%.
Data on historical trading for Neumora Therapeutics Inc. (NASDAQ:NMRA) indicates that the trading volumes over the past 10 days have averaged 0.92 and over the past 3 months, they’ve averaged 708.76K. According to company’s latest data on outstanding shares, there are 158.83 million shares outstanding.
Nearly 65.69% of Neumora Therapeutics Inc.’s shares belong to company insiders and institutional investors own 27.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.68 million shares as on 2024-09-30, resulting in a short ratio of 10.57. According to the data, the short interest in Neumora Therapeutics Inc. (NMRA) stood at 1154.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 9.98 million. The stock has fallen by -9.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NMRA stock heading into the next quarter.
