Eterna Therapeutics Inc (NASDAQ: ERNA) – Time For Strategy Change?

Eterna Therapeutics Inc (NASDAQ:ERNA) currently has a daily average trading volume of 776.95K but it saw 2636712 shares traded in last market. With a market cap of 18.95M USD, the company’s current market price of $0.37 came rising about 25.51 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.62 and as low as $0.22. In the recent trading on the day, stock has struck highest price mark of $0.309 while lowest mark touched by it was $0.3925.

Taking a look at 20-day trading activity of Eterna Therapeutics Inc (ERNA) gives us an average price of $0.2932, while its current price level is -85.94% below from 52-week high level whereas it is 66.82% 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 $0.6216 while that of 200 days or SMA-200 reads an average of $1.5048. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.24% during that period while stretching the period over a month that decreases to 19.52%. 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 47.05 which implies that the stock is in neutral territory.

Over the week, ERNA’s stock price is moving 48.19% up while it is -7.70% when we observe its performance for the past one month. Year-to-date it is 25.51% up and over the past year, the stock is showing a downside performance of -79.44%.

Currently, Eterna Therapeutics Inc’s total number of outstanding shares is 51.37M. Company’s return on equity (ROE) at -1154.18%. Stock’s beta reads 4.33. Stock has a price to sale or P/S ratio amounts to 31.59. Its return on asset (ROA) is -149.86% on average.