Vor Biopharma Inc (NASDAQ: VOR) Is A Blank Check For Growth

Vor Biopharma Inc (NASDAQ:VOR) shares, rose in value on Friday, November 01, with the stock price down by -4.17% to the previous day’s close as strong demand from buyers drove the stock to $0.80.

Actively observing the price movement in the last trading, the stock closed the session at $0.84, falling within a range of $0.8 and $0.8715. The value of beta (5-year monthly) was -0.352. Referring to stock’s 52-week performance, its high was $3.14, and the low was $0.63. On the whole, VOR has fluctuated by 21.75% over the past month.

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With the market capitalization of Vor Biopharma Inc currently standing at about $55.05 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VOR’s technical picture suggests that short-term indicators denote the stock is a 50% 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 VOR currently trading nearly 13.50% and 0.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.33, while the 7-day volatility ratio is showing 10.87% which for the 30-day chart, stands at 7.74%. Furthermore, Vor Biopharma Inc (VOR)’s beta value is -0.41, and its average true range (ATR) is 0.07.

A comparison of Vor Biopharma Inc (VOR) with its peers suggests the former has fared considerably weaker in the market. VOR showed an intraday change of -4.17% in last session, and over the past year, it shrunk by -51.37%%.

Data on historical trading for Vor Biopharma Inc (NASDAQ:VOR) indicates that the trading volumes over the past 10 days have averaged 0.63 and over the past 3 months, they’ve averaged 921.01K. According to company’s latest data on outstanding shares, there are 67.89 million shares outstanding.

Nearly 12.87% of Vor Biopharma Inc’s shares belong to company insiders and institutional investors own 69.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.71 million shares as on 2024-10-15, resulting in a short ratio of 2.99. According to the data, the short interest in Vor Biopharma Inc (VOR) stood at 458.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.54 million. The stock has fallen by -64.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VOR stock heading into the next quarter.

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