Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) price on Wednesday, October 23, rose 9.49% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.96.
A look at the stock’s price movement, the close in the last trading session was $4.53, moving within a range at $4.714 and $5.3. The beta value (5-Year monthly) was -0.553. Turning to its 52-week performance, $19.95 and $1.58 were the 52-week high and 52-week low respectively. Overall, AMLX moved 64.78% over the past month.
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Amylyx Pharmaceuticals Inc’s market cap currently stands at around $337.68 million, with investors looking forward to this quarter’s earnings report slated for in November.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 87.61M, representing a -77.00% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMLX is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 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, 3 recommend AMLX as a Buy and 0 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.
AMLX’s current price about 36.15% and 69.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 77.96, while 7-day volatility ratio is 21.81% and 10.35% in the 30-day chart. Further, Amylyx Pharmaceuticals Inc (AMLX) has a beta value of -0.52, and an average true range (ATR) of 0.42. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $3 and high of $10. Looking at the price targets, the low is 39.52% off current price level while to achieve the yearly target high, price needs to move -101.61%. Nonetheless, investors will most likely welcome a 19.35% jump to $4 which is the analysts’ median price.
If we refocus on Amylyx Pharmaceuticals Inc (NASDAQ:AMLX), historical trading data shows that trading volumes averaged 2.04 over the past 10 days and 1.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 67.71 million shares.
The 39.47% of Amylyx Pharmaceuticals Inc’s shares are in the hands of company insiders while institutional holders own 61.64% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.28 million on 2024-09-30, giving us a short ratio of 0.97. The data shows that as of 2024-09-30 short interest in Amylyx Pharmaceuticals Inc (AMLX) stood at 206.99999999999997 of shares outstanding, with shares short falling to 1.49 million registered in 2024-08-30. Current price change has pushed the stock -66.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMLX stock continues to rise going into the next quarter.
