Intellia Therapeutics Inc (NASDAQ:NTLA) shares, rose in value, with the stock price down by -0.77% to the previous day’s close as strong demand from buyers drove the stock to $14.22.
Actively observing the price movement in the last trading, the stock closed the session at $14.33, falling within a range of $13.95 and $14.52. The value of beta (5-year monthly) was 1.759. Referring to stock’s 52-week performance, its high was $34.87, and the low was $14.28. On the whole, NTLA has fluctuated by -23.34% over the past month.
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With the market capitalization of Intellia Therapeutics Inc currently standing at about $1.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.86M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NTLA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NTLA currently trading nearly -21.61% and -29.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.23, while the 7-day volatility ratio is showing 6.58% which for the 30-day chart, stands at 5.68%. Furthermore, Intellia Therapeutics Inc (NTLA)’s beta value is 1.77, and its average true range (ATR) is 1.18.
A comparison of Intellia Therapeutics Inc (NTLA) with its peers suggests the former has fared considerably weaker in the market. NTLA showed an intraday change of -0.77% in last session, and over the past year, it shrunk by -43.23%%.
Data on historical trading for Intellia Therapeutics Inc (NASDAQ:NTLA) indicates that the trading volumes over the past 10 days have averaged 3.62 and over the past 3 months, they’ve averaged 1.77 million. According to company’s latest data on outstanding shares, there are 101.58 million shares outstanding.
Nearly 1.77% of Intellia Therapeutics Inc’s shares belong to company insiders and institutional investors own 85.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.36 million shares as on 2024-10-15, resulting in a short ratio of 9.55. According to the data, the short interest in Intellia Therapeutics Inc (NTLA) stood at 1835.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 14.76 million. The stock has fallen by -53.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NTLA stock heading into the next quarter.
