With 12.76M Outstanding Shares, Can OnKure Therapeutics Inc (NASDAQ: OKUR) Deliver Big Short-Term Gains?

OnKure Therapeutics Inc (NASDAQ:OKUR) currently has a daily average trading volume of 68.54K but it saw 2465291 shares traded in last market. With a market cap of 27.83M USD, the company’s current market price of $2.06 came rising about 12.57 while comparing to the previous closing price of $1.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.00 and as low as $1.70.

Taking a look at 20-day trading activity of OnKure Therapeutics Inc (OKUR) gives us an average price of $2.3600, while its current price level is -89.70% below from 52-week high level whereas it is 21.18% 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 $3.4700 while that of 200 days or SMA-200 reads an average of $10.2000. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.42% during that period while stretching the period over a month that decreases to 10.07%. 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 28.11 which implies that the stock is in oversold territory.

Oppenheimer also issued its recommendations for the stock as it initiated the price target for the stock is $35.

Over the week, OKUR’s stock price is moving 3.00% up while it is -31.33% when we observe its performance for the past one month. Year-to-date it is -76.05% down and over the past year, the stock is showing a downside performance of -87.04%.

Currently, OnKure Therapeutics Inc’s total number of outstanding shares is 12.76M with 1.58% of that held by the insiders while 96.85% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -66.08% and return on equity (ROE) at -70.01%. Stock’s beta reads 0.29. Stock has a price to book (P/B) ratio of 0.31. Its return on asset (ROA) is -65.22% on average.