Stock That Is Worth Exploring Now: X4 Pharmaceuticals Inc (NASDAQ: XFOR)

X4 Pharmaceuticals Inc (NASDAQ:XFOR) does about 3.34M shares in volume on a normal day but saw 3268688 shares change hands in Monday’s trading. The company now has a market cap of 164.01M USD. Its current market price is $0.98, marking a decrease of -6.99% compared to the previous close of $1.05. The 52 week high reached by this stock is $2.58 whilst the lowest price level in 52 weeks is $0.57.

X4 Pharmaceuticals Inc (XFOR) has a 20-day trading average at $1.1558 and the current price is -62.07% off the 52-week high compared with 70.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1658 and its 200-day simple moving average is $1.0192. If we look at the stock’s price movements over the week, volatility stands at 8.76%, which increases to 11.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 38.81 to suggest the stock is neutral.

The consensus objective for the share price is $4.12, suggesting that the stock has a potential upside of 76.21% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 12, 2023 when B. Riley Securities downgraded the stock to “Neutral” and issued a price target of between $3 and $1. Cantor Fitzgerald initiated its price target at $3.

X4 Pharmaceuticals Inc (XFOR) stock is down -18.62% over the week and -27.12% over the past month. Its price is 16.47% year-to-date and -34.46% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.33 below consensus estimates by -0.17. The company’s next earnings report forecasts estimating quarterly EPS at -0.07 and -0.62 for whole year. Expected sales for next quarter are $1.73M, which analysts say will come at $6.26M for the current fiscal year and next year at $51.28M. In addition, estimates put the company’s current quarterly revenue at an average of $280k.

To reach the target analysts have set, the stock logically needs to grow 76.21 percent from here.

The company has a return on investment of -221.58% and return on equity of -489.12%. The beta has a value of 0.41. Price to book ratio is 158.28.