X4 Pharmaceuticals Inc (NASDAQ:XFOR) price closed higher on Monday, November 11 and jumping 7.40% above its previous close.
A look at the daily price movement shows that the last close reads $0.62, with intraday deals fluctuated between $0.62 and $0.6742. The company’s 5Y monthly beta was ticking 0.388 while its P/E ratio in the trailing 12-month period read 7.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.60 and 52-week low of $0.47. The stock added 29.61% on its value in the past month.
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X4 Pharmaceuticals Inc, which has a market valuation of $111.90 million, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.69M, with the likely lows of 800k and highs of 3.45M. Staying with the analyst view, there is a consensus estimate of 6.32M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give XFOR a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned XFOR a recommendation rating as follows: 0 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the X4 Pharmaceuticals Inc (XFOR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that XFOR’s price is at present 24.17% off the SMA20 and 10.52% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 68.30, with weekly volatility standing at 10.88%. The indicator jumps to 8.24% when calculated based on the past 30 days. X4 Pharmaceuticals Inc (NASDAQ:XFOR)’s beta value is holding at 0.46, while the average true range (ATR) indicator is currently reading 0.05. Considering analysts have assigned the stock a price target range of $3-$5 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3. Based on this estimate, we see that current price is roughly -354.55% off the estimated low and -657.58% off the forecast high. Investors will no doubt be excited to see the share price fall to $3, which is the median consensus price, and at that level XFOR would be -354.55% from current price.
An analysis of the X4 Pharmaceuticals Inc (NASDAQ:XFOR) stock in terms of its daily trading volume indicates that the 3-month average is 1.06 million. However, this figure increases on the past 10-day timeline to an average of 1.52 million.
Current records show that the company has 167.43M in outstanding shares. The insiders’ percentage holdings are 30.45% of outstanding shares while the percentage share held by institutions stands at 37.92%. The stats also highlight that short interest as of 2024-10-15, stood at 12.66 million shares, which puts the short ratio at the time at 11.7. From this we can glean that short interest is 758.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 13.62 million. But the -20.91% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
