Essa Pharma Inc (NASDAQ:EPIX) does about 140.31K shares in volume on a normal day but saw 3429962 shares change hands in the recent trading day. The company now has a market cap of 82.56M USD. Its current market price is $1.86, marking an increase of 8.77% compared to the previous close of $1.71. The 52 week high reached by this stock is $7.88 whilst the lowest price level in 52 weeks is $1.40. The script in recent trading has seen the stock touch a high of $17 and a low of $2.
Essa Pharma Inc (EPIX) has a 20-day trading average at $1.7225 and the current price is -76.40% off the 52-week high compared with 32.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7076 and its 200-day simple moving average is $2.2825. If we look at the stock’s price movements over the week, volatility stands at 2.13%, which increases to 2.57% 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 66.85 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 7.0% over the period. The median price target is 80.42% away from the current levels at $9.5.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 04, 2024 when Piper Sandler downgraded the stock to “Neutral” and issued a price target of between $15 and $2.
The current price level is 7.98%, 8.92%, and -18.51% away from its SMA20, SMA50, and SMA200 respectively, with the EPIX price moving below the 50-day SMA on current market day. Essa Pharma Inc (EPIX) stock is up 9.41% over the week and 10.06% over the past month. Its price is -64.50% year-to-date and 3.91% over the past year.
Its 12-month price target is $9.5. To reach the target analysts have set, the stock logically needs to grow 7.0 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.
Outstanding shares total 44.39M with insiders holding 6.02% of the shares and institutional holders owning 69.32% of the company’s common stock. The company has a return on investment of -25.06% and return on equity of -23.07%. The beta has a value of 1.55. Price to book ratio is 0.73.
