Gossamer Bio Inc (NASDAQ: GOSS) Emerges As Guiding Light For Investors

Gossamer Bio Inc (NASDAQ:GOSS) currently has a daily average trading volume of 2.31M but it saw 2535731 shares traded in last market. With a market cap of 264.68M USD, the company’s current market price of $1.17 came falling about -2.50 while comparing to the previous closing price of $1.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.88 and as low as $0.45.

Taking a look at 20-day trading activity of Gossamer Bio Inc (GOSS) gives us an average price of $0.8262, while its current price level is -37.77% below from 52-week high level whereas it is 158.56% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.7298 while that of 200 days or SMA-200 reads an average of $0.8656. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.02% during that period while stretching the period over a month that increases to 12.91%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 75.93 which implies that the stock is in overbought territory.

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The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Oppenheimer which initiated the stock as “Outperform” in its note to investors issued on June 25, 2024, recommending a price target of $9 for it. UBS issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $1.25.

Over the week, GOSS’s stock price is moving 21.90% up while it is 113.35% when we observe its performance for the past one month. Year-to-date it is 28.22% up and over the past year, the stock is showing a downside performance of -19.31%.

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Currently, Gossamer Bio Inc’s total number of outstanding shares is 225.41M. Company’s return on investment (ROI) stands at -77.20% and return on equity (ROE) at -480.50%. Stock’s beta reads 1.95. Stock has a price to book (P/B) ratio of 9.91. Its return on asset (ROA) is -72.02% on average.

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