Relay Therapeutics Inc (NASDAQ:RLAY) shares, rose in value on Wednesday, November 20, with price down by -2.92% to the previous day’s close as strong demand from buyers drove the stock to $4.66.
Actively observing the price movement in the last trading, the stock closed the session at $4.80, falling within a range of $4.51 and $4.8. The value of beta (5-year monthly) was 1.675. Referring to stock’s 52-week performance, its high was $12.14, and the low was $4.70. On the whole, RLAY has fluctuated by -30.03% over the past month.
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With the market capitalization of Relay Therapeutics Inc currently standing at about $780.01 million, 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 66.67k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RLAY’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 RLAY currently trading nearly -18.73% and -28.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.85, while the 7-day volatility ratio is showing 6.83% which for the 30-day chart, stands at 6.17%. Furthermore, Relay Therapeutics Inc (RLAY)’s beta value is 1.64, and its average true range (ATR) is 0.36.
A comparison of Relay Therapeutics Inc (RLAY) with its peers suggests the former has fared considerably weaker in the market. RLAY showed an intraday change of -2.92% in last session, and over the past year, it shrunk by -44.52%%.
Data on historical trading for Relay Therapeutics Inc (NASDAQ:RLAY) indicates that the trading volumes over the past 10 days have averaged 1.42 and over the past 3 months, they’ve averaged 2.03 million. According to company’s latest data on outstanding shares, there are 127.46 million shares outstanding.
Nearly 27.16% of Relay Therapeutics Inc’s shares belong to company insiders and institutional investors own 73.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.04 million shares as on 2024-10-31, resulting in a short ratio of 8.26. According to the data, the short interest in Relay Therapeutics Inc (RLAY) stood at 876.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 12.37 million. The stock has fallen by -57.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RLAY stock heading into the next quarter.
