Are Analysts Too Bullish On Spyre Therapeutics Inc (SYRE)

money audit

Spyre Therapeutics Inc (NASDAQ:SYRE) currently has a daily average trading volume of 540.54K but it saw 1244942 shares traded in last market. With a market cap of 1.41B USD, the company’s current market price of $27.50 came rising about 2.23 while comparing to the previous closing price of $26.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $47.97 and as low as $8.75. In the recent trading on the day, stock has struck highest price mark of $26.8201 while lowest mark touched by it was $28.48.

Taking a look at 20-day trading activity of Spyre Therapeutics Inc (SYRE) gives us an average price of $33.74, while its current price level is -42.67% below from 52-week high level whereas it is 214.29% 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 $31.28 while that of 200 days or SMA-200 reads an average of $31.26. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.21% during that period while stretching the period over a month that increases to 7.35%. 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 35.05 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wedbush which initiated the stock as “Outperform” in its note to investors issued on September 04, 2024, recommending a price target of $45 for it. Robert W. Baird also issued its recommendations for the stock as it initiated the price target for the stock is $50.

Over the week, SYRE’s stock price is moving -16.62% down while it is -19.47% when we observe its performance for the past one month. Year-to-date it is 27.79% up and over the past year, the stock is showing an upside performance of 161.90%.

Currently, Spyre Therapeutics Inc’s total number of outstanding shares is 51.43M. Company’s return on investment (ROI) stands at 22.56% and return on equity (ROE) at -414.82%. It has a price to earnings ratio (P/E ratio) of 2.99. Stock’s beta reads 2.86. Stock has a price to book (P/B) ratio of 8.24. Its return on asset (ROA) is -54.13% on average.