The trading price of Iterum Therapeutics Plc (NASDAQ:ITRM) closed higher on Tuesday, October 29, and closing at $1.45, 1.40% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.43 and $1.54. In examining the 52-week price action we see that the stock hit a 52-week high of $2.50 and a 52-week low of $0.64. Over the past month, the stock has gained 33.03% in value.
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Iterum Therapeutics Plc, whose market valuation is $32.93 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ITRM has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ITRM a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Iterum Therapeutics Plc (ITRM) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ITRM’s price is currently 29.89% off the SMA20 and 29.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.18, and weekly volatility stands at 33.57%. When measured over the past 30 days, the indicator reaches 14.34%. Iterum Therapeutics Plc (NASDAQ:ITRM)’s beta value is currently sitting at 2.28, while the Average True Range indicator is currently displaying 0.19.
To see how Iterum Therapeutics Plc stock has been performing in comparison to its peers in the industry, here are the numbers: ITRM stock’s performance was 1.40% in the latest trading, and 116.42% in the past year.
An evaluation of the daily trading volume of Iterum Therapeutics Plc (NASDAQ:ITRM) indicates that the 3-month average is 2.16 million. However, this figure has increased over the past 10 days to an average of 12.53.
Currently, records show that 22.71 million of the company’s shares remain outstanding. The insiders hold 3.33% of outstanding shares, whereas institutions hold 1.47%. The stats also highlight that short interest as of 2024-10-15, stood at 0.21 million shares, resulting in a short ratio of 1.16 at that time. From this, we can conclude that short interest is 97.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.34 million. However, since the stock’s price has seen -26.40% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
