HCW Biologics Inc (NASDAQ:HCWB) does about 9.77M shares in volume on a normal day but saw 343385811 shares change hands in the recent trading day. The company now has a market cap of 24.05M USD. Its current market price is $0.64, marking an increase of 128.58% compared to the previous close of $0.28. The 52 week high reached by this stock is $2.52 whilst the lowest price level in 52 weeks is $0.21.
HCW Biologics Inc (HCWB) has a 20-day trading average at $0.3651 and the current price is -74.77% off the 52-week high compared with 202.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4410 and its 200-day simple moving average is $0.6706. If we look at the stock’s price movements over the week, volatility stands at 35.27%, which decreases to 17.31% 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 72.16 to suggest the stock is overbought.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 78.67% over the period.
The current price level is 74.18%, 44.21%, and -5.17% away from its SMA20, SMA50, and SMA200 respectively, with the HCWB price moving below the 50-day SMA on current market day. HCW Biologics Inc (HCWB) stock is up 92.70% over the week and 42.55% over the past month. Its price is 42.55% year-to-date and -43.22% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $7M.
To reach the target analysts have set, the stock logically needs to grow 78.67 percent from here.
Outstanding shares total 37.82M with insiders holding 52.30% of the shares and institutional holders owning 3.13% of the company’s common stock. The company has a return on equity of -537.24%. The beta has a value of 0.81. Price to sales ratio is 6.87.
