NewAmsterdam Pharma Company NV (NASDAQ: NAMS) Emerges As Guiding Light For Investors

NewAmsterdam Pharma Company NV (NASDAQ:NAMS) currently has a daily average trading volume of 256.48K but it saw 3274841 shares traded in last market. With a market cap of 1.49B USD, the company’s current market price of $16.53 came rising about 1.60 while comparing to the previous closing price of $16.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.35 and as low as $5.63. In the recent trading on the day, stock has struck highest price mark of $15.85 while lowest mark touched by it was $18.09.

Taking a look at 20-day trading activity of NewAmsterdam Pharma Company NV (NAMS) gives us an average price of $16.75, while its current price level is -37.27% below from 52-week high level whereas it is 193.47% 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 $18.30 while that of 200 days or SMA-200 reads an average of $17.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.89% during that period while stretching the period over a month that increases to 6.60%. 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 43.24 which implies that the stock is in neutral territory.

Guggenheim also issued its recommendations for the stock as it initiated the price target for the stock is $30.

Over the week, NAMS’s stock price is moving 0.85% up while it is -12.49% when we observe its performance for the past one month. Year-to-date it is 47.99% up and over the past year, the stock is showing an upside performance of 51.65%.

The company is expected to be releasing its next quarterly report on 2024-Aug-07, for which analysts forecasted an EPS of -0.49 while estimate for next year EPS is -2.51. In next quarter, company is expected to be making quarterly sales of $4.77M as analysts are expecting the sales for current fiscal year at $10.54M and seeing the company making $7.16M in sales next year. Moreover, analysts are in estimates of $2.11M for current-quarter revenue.

Currently, NewAmsterdam Pharma Company NV’s total number of outstanding shares is 82.47M with 5.71% of that held by the insiders while 84.82% of its common stock has been owned by the institutions. Stock’s beta reads 0.00. Stock has a price to book (P/B) ratio of 3.84.