Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) price on Friday, June 13, remained unchanged to $5.52.
A look at the stock’s price movement, the close in the last trading session was $5.52. Turning to its 52-week performance, $7.27 and $1.58 were the 52-week high and 52-week low respectively. Overall, AMLX moved 26.90% over the past month.
Amylyx Pharmaceuticals Inc’s market cap currently stands at around $492.06 million, with investors looking forward to this quarter’s earnings report slated for in July.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend AMLX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMLX’s current price about 5.59% and 16.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.16, while 7-day volatility ratio is 4.92% and 4.84% in the 30-day chart. Further, Amylyx Pharmaceuticals Inc (AMLX) has a beta value of -0.58, and an average true range (ATR) of 0.38. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -81.16% off current price level while to achieve the yearly target high, price needs to move -81.16%. Nonetheless, investors will most likely welcome a -81.16% jump to $10 which is the analysts’ median price.
If we refocus on Amylyx Pharmaceuticals Inc (NASDAQ:AMLX), historical trading data shows that trading volumes averaged 891.85K over the past 3 months. The company’s latest data on shares outstanding shows there are 89.08 million shares.
The 26.74% of Amylyx Pharmaceuticals Inc’s shares are in the hands of company insiders while institutional holders own 76.23% of the company’s shares. Current price change has pushed the stock 46.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMLX stock continues to rise going into the next quarter.
