TransCode Therapeutics Inc (NASDAQ: RNAZ) Emerges As Guiding Light For Investors

TransCode Therapeutics Inc (NASDAQ:RNAZ) currently has a daily average trading volume of 1.07M but it saw 2664053 shares traded in last market. With a market cap of 5.85M USD, the company’s current market price of $8.40 came falling about -15.49 while comparing to the previous closing price of $9.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $66.33 and as low as $2.66. In the recent trading on the day, stock has struck highest price mark of $7.7301 while lowest mark touched by it was $11.8698.

Taking a look at 20-day trading activity of TransCode Therapeutics Inc (RNAZ) gives us an average price of $4.46, while its current price level is -87.34% below from 52-week high level whereas it is 215.79% 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 $6.78 while that of 200 days or SMA-200 reads an average of $18.29. A closer look into the stock’s movement over the week reveals that its volatility is standing at 104.47% during that period while stretching the period over a month that decreases to 34.12%. 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 64.38 which implies that the stock is in neutral territory.

Over the week, RNAZ’s stock price is moving 140.69% up while it is 115.94% when we observe its performance for the past one month. Year-to-date it is 149.26% up and over the past year, the stock is showing a downside performance of -66.50%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -3.21 while estimate for next year EPS is -4.76. Moreover, analysts are in estimates of $300k for current-quarter revenue.

Currently, TransCode Therapeutics Inc’s total number of outstanding shares is 0.70M with 0.01% of that held by the insiders while 1.99% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -903.45% and return on equity (ROE) at -490.03%. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 2.66. Its return on asset (ROA) is -210.77% on average.