How Are Things Looking For Entero Therapeutics Inc. (NASDAQ: ENTO) For The Short Term?

Entero Therapeutics Inc. (NASDAQ:ENTO) traded at $0.59 at last check on current trade day and made an upward move of 30.34% on its previous day’s price.

Looking at the stock we see that its previous close was $0.45 and the beta (5Y monthly) reads 1.371 with the day’s price range being $0.453 – $0.6. In terms of its 52-week price range, ENTO has a high of $14.51 and a low of $0.19. The company’s stock has gained about 67.00% over that past 30 days.

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Entero Therapeutics Inc. has a market cap of $1.91 million and is expected to release its quarterly earnings report on 2024-Oct-17. Estimates by analysts give the company expected earnings per share (EPS) of -1.55, with the EPS growth for the year raised at -1.13 for current year and -1.13 for next year.

On the other hand, looking at the outlook for the ENTO stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 47.35% off its SMA20 and 53.79% from its 50-day simple moving average. The RSI (14) is pointing at 63.73 while the volatility over the past week is 16.89% and jumps to 19.04% over the past one month. The beta value is 1.35, while the average true range (ATR) is currently pointing at 0.09.

Coming back to Entero Therapeutics Inc. (NASDAQ:ENTO), we note that the average 3-month trading volume was 765.22K, while that of the preceding 10-day period stands at 1.45 million. Current shares outstanding are 3.25 million.

The insiders hold 2.91% of the company’s shares while institutions hold 4.55%. The data shows that short shares as of 2024-09-30, stood at 88686.0 at a short ratio of 0.74. This represents a 273.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 76379.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -86.00% down in year-to-date price movement.

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