Monte Rosa Therapeutics Inc (NASDAQ:GLUE) does about 1.81M shares in volume on a normal day but saw 5835957 shares change hands in the recent trading day. The company now has a market cap of 575.04M USD. Its current market price is $9.37, marking a decrease of -1.16% compared to the previous close of $9.48. The 52 week high reached by this stock is $12.40 whilst the lowest price level in 52 weeks is $2.77.
Monte Rosa Therapeutics Inc (GLUE) has a 20-day trading average at $5.55 and the current price is -24.44% off the 52-week high compared with 238.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.80 and its 200-day simple moving average is $5.33. If we look at the stock’s price movements over the week, volatility stands at 27.44%, which decreases to 11.17% 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 80.59 to suggest the stock is overbought.
The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 37.53% over the period.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 15, 2024 when Wedbush initiated the stock to “Outperform” and issued a price target of $11. Wells Fargo upgraded the stock to “Overweight” from Equal Weight on January 03, 2023 at a price target of $18. UBS initiated its price target at $22.
The current price level is 68.80%, 61.45%, and 75.79% away from its SMA20, SMA50, and SMA200 respectively, with the GLUE price moving below the 50-day SMA on current market day. Monte Rosa Therapeutics Inc (GLUE) stock is up 76.46% over the week and 76.79% over the past month. Its price is 65.84% year-to-date and 237.05% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -0.7 above consensus estimates by 0.02. The company’s next earnings report forecasts estimating quarterly EPS at -0.49 and -1.87 for whole year. Expected sales for next quarter are $2.82M, which analysts say will come at $12.95M for the current fiscal year and next year at $4M. In addition, estimates put the company’s current quarterly revenue at an average of $2.62M.
To reach the target analysts have set, the stock logically needs to grow 37.53 percent from here.
The company has a return on investment of -49.11% and return on equity of -59.51%. The beta has a value of 1.44. Price to book ratio is 2.56 and price to sales ratio is 99.83.
