Relay Therapeutics Inc (NASDAQ:RLAY) shares, rose in value on Thursday, January 23, with the stock price down by -0.61% to the previous day’s close as strong demand from buyers drove the stock to $4.89.
Actively observing the price movement in the last trading, the stock closed the session at $4.92, falling within a range of $4.615 and $4.96. The value of beta (5-year monthly) was 1.675. Referring to stock’s 52-week performance, its high was $11.16, and the low was $3.50. On the whole, RLAY has fluctuated by 14.79% over the past month.
With the market capitalization of Relay Therapeutics Inc currently standing at about $818.50 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
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 50% Sell 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 RLAY currently trading nearly 9.82% and 4.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.43, while the 7-day volatility ratio is showing 12.34% which for the 30-day chart, stands at 11.08%. Furthermore, Relay Therapeutics Inc (RLAY)’s beta value is 1.64, and its average true range (ATR) is 0.47.
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 -0.61% in last session, and over the past year, it shrunk by -52.15%%.
Data on historical trading for Relay Therapeutics Inc (NASDAQ:RLAY) indicates that the trading volumes over the past 10 days have averaged 3.88 and over the past 3 months, they’ve averaged 2.31 million. According to company’s latest data on outstanding shares, there are 166.89 million shares outstanding.
Nearly 26.25% of Relay Therapeutics Inc’s shares belong to company insiders and institutional investors own 73.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.95 million shares as on 2024-12-31, resulting in a short ratio of 5.6. According to the data, the short interest in Relay Therapeutics Inc (RLAY) stood at 1084.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 11.93 million. The stock has risen by 18.69% 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.
