Pieris Pharmaceuticals Inc. [NASDAQ: PIRS] slipped around -0.37 points on Wednesday, while shares priced at $3.39 at the close of the session, down -9.84%. The company report on May 25, 2021 that Pieris Pharmaceuticals Announces Respiratory and Ophthalmology Collaboration with Genentech.
Pieris will receive $20 million as an upfront payment and is eligible to receive more than $1.4 billion in additional potential milestone payments plus royalties for commercialized programs.
Collaboration includes initial programs in respiratory disease and ophthalmology, with opportunity to nominate additional programs.
Pieris Pharmaceuticals Inc. stock is now 35.60% up from its year-to-date (YTD) trading value. PIRS Stock saw the intraday high of $5.09 and lowest of $3.3401 per share. The company’s 52-week high price is 3.79, which means current price is +99.41% above from all time high which was touched on 05/26/21.
Compared to the average trading volume of 6.45M shares, PIRS reached a trading volume of 114614529 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Pieris Pharmaceuticals Inc. [PIRS]?
Robert W. Baird have made an estimate for Pieris Pharmaceuticals Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 13, 2020. The new note on the price target was released on July 30, 2019, representing the official price target for Pieris Pharmaceuticals Inc. stock. Previously, the target price had yet another raise to $5, while Robert W. Baird analysts kept a Outperform rating on PIRS stock.
The Average True Range (ATR) for Pieris Pharmaceuticals Inc. is set at 0.38, with the Price to Sales ratio for PIRS stock in the period of the last 12 months amounting to 6.52. The Price to Book ratio for the last quarter was 4.99.
How has PIRS stock performed recently?
Pieris Pharmaceuticals Inc. [PIRS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 84.24. With this latest performance, PIRS shares gained by 50.67% in over the last four-week period, additionally plugging by 20.21% over the last 6 months – not to mention a drop of -0.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PIRS stock in for the last two-week period is set at 70.60, with the RSI for the last a single of trading hit 74.66, and the three-weeks RSI is set at 66.58 for Pieris Pharmaceuticals Inc. [PIRS]. The present Moving Average for the last 50 days of trading for this stock 2.32, while it was recorded at 2.56 for the last single week of trading, and 2.60 for the last 200 days.
Pieris Pharmaceuticals Inc. [PIRS]: Deeper insight into the fundamentals
Pieris Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.
Earnings analysis for Pieris Pharmaceuticals Inc. [PIRS]
With the latest financial reports released by the company, Pieris Pharmaceuticals Inc. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 47.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PIRS.
Insider trade positions for Pieris Pharmaceuticals Inc. [PIRS]
There are presently around $109 million, or 58.60% of PIRS stock, in the hands of institutional investors. The top three institutional holders of PIRS stocks are: BVF INC/IL with ownership of 5,494,582, which is approximately 0% of the company’s market cap and around 11.60% of the total institutional ownership; BLACKROCK INC., holding 3,680,362 shares of the stock with an approximate value of $12.48 million in PIRS stocks shares; and AQUILO CAPITAL MANAGEMENT, LLC, currently with $12.46 million in PIRS stock with ownership of nearly 0% of the company’s market capitalization.
29 institutional holders increased their position in Pieris Pharmaceuticals Inc. [NASDAQ:PIRS] by around 1,187,304 shares. Additionally, 37 investors decreased positions by around 2,415,869 shares, while 22 investors held positions by with 28,482,373 shares. The mentioned changes placed institutional holdings at 32,085,546 shares, according to the latest SEC report filing. PIRS stock had 7 new institutional investments in for a total of 179,995 shares, while 8 institutional investors sold positions of 234,508 shares during the same period.