Equillium Inc (NASDAQ:EQ) shares, rose in value on Friday, November 01, with the stock price down by -3.60% to the previous day’s close as strong demand from buyers drove the stock to $0.83.
Actively observing the price movement in the last trading, the stock closed the session at $0.86, falling within a range of $0.7522 and $0.8651. The value of beta (5-year monthly) was 1.826. Referring to stock’s 52-week performance, its high was $3.25, and the low was $0.45. On the whole, EQ has fluctuated by -1.25% over the past month.
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With the market capitalization of Equillium Inc currently standing at about $29.40 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-08.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 21.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EQ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 EQ currently trading nearly -21.41% and -14.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.12, while the 7-day volatility ratio is showing 17.90% which for the 30-day chart, stands at 13.27%. Furthermore, Equillium Inc (EQ)’s beta value is 1.83, and its average true range (ATR) is 0.14.
A comparison of Equillium Inc (EQ) with its peers suggests the former has fared considerably weaker in the market. EQ showed an intraday change of -3.60% in last session, and over the past year, it grew by 67.64%%.
Data on historical trading for Equillium Inc (NASDAQ:EQ) indicates that the trading volumes over the past 10 days have averaged 0.37 and over the past 3 months, they’ve averaged 177.59K. According to company’s latest data on outstanding shares, there are 35.25 million shares outstanding.
Nearly 50.86% of Equillium Inc’s shares belong to company insiders and institutional investors own 5.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.22 million shares as on 2024-10-15, resulting in a short ratio of 2.79. According to the data, the short interest in Equillium Inc (EQ) stood at 100.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.15 million. The stock has risen by 14.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EQ stock heading into the next quarter.
