Iterum Therapeutics plc [ITRM] Is Currently 2.58 above its 200 Period Moving Avg: What Dose This Mean?

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Iterum Therapeutics plc [NASDAQ: ITRM] surged by $0.02 during the normal trading session on Wednesday and reaching a high of $0.5681 during the day while it closed the day at $0.55. The company report on October 4, 2021 that ITRM LAWSUIT: The Law Offices of Vincent Wong Notify Investors of a Class Action Lawsuit Involving Iterum Therapeutics Plc.

New York, New York–(Newsfile Corp. – October 4, 2021) – The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Iterum Therapeutics Plc (“Iterum”) (NASDAQ: ITRM) between November 30, 2020 and July 23, 2021.


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Iterum Therapeutics plc stock has also gained 2.54% of its value over the past 7 days. However, ITRM stock has declined by -52.72% in the 3 months of the year. Over the past six months meanwhile, it has lost -52.30% and lost -44.54% year-on date.

The market cap for ITRM stock reached $98.95 million, with 180.02 million shares outstanding and 176.16 million shares in the current float. Compared to the average trading volume of 6.43M shares, ITRM reached a trading volume of 3237218 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Iterum Therapeutics plc [ITRM]:

Gabelli & Co have made an estimate for Iterum Therapeutics plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 28, 2021. The new note on the price target was released on March 15, 2021, representing the official price target for Iterum Therapeutics plc stock. Previously, the target price had yet another drop from $7 to $2, while RBC Capital Mkts kept a Sector Perform rating on ITRM stock.

The Average True Range (ATR) for Iterum Therapeutics plc is set at 0.04 The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 0.52.

ITRM stock trade performance evaluation

Iterum Therapeutics plc [ITRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.54. With this latest performance, ITRM shares dropped by -4.79% in over the last four-week period, additionally sinking by -52.30% over the last 6 months – not to mention a drop of -52.30% 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 ITRM stock in for the last two-week period is set at 43.82, with the RSI for the last a single of trading hit 48.61, and the three-weeks RSI is set at 41.10 for Iterum Therapeutics plc [ITRM]. The present Moving Average for the last 50 days of trading for this stock 0.6111, while it was recorded at 0.5427 for the last single week of trading, and 1.2302 for the last 200 days.

Iterum Therapeutics plc [ITRM]: An insightful look at the core fundamentals

Iterum Therapeutics plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.

Iterum Therapeutics plc [ITRM]: Insider Ownership positions

There are presently around $6 million, or 11.20% of ITRM stock, in the hands of institutional investors. The top three institutional holders of ITRM stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 3,289,300, which is approximately New of the company’s market cap and around 0.20% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 2,560,381 shares of the stock with an approximate value of $1.4 million in ITRM stocks shares; and CANAAN PARTNERS X LLC, currently with $0.95 million in ITRM stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Iterum Therapeutics plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 18 institutional holders increased their position in Iterum Therapeutics plc [NASDAQ:ITRM] by around 6,637,939 shares. Additionally, 27 investors decreased positions by around 3,076,137 shares, while 16 investors held positions by with 1,833,414 shares. The mentioned changes placed institutional holdings at 11,547,490 shares, according to the latest SEC report filing. ITRM stock had 13 new institutional investments in for a total of 3,911,722 shares, while 17 institutional investors sold positions of 2,564,414 shares during the same period.

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