EQRx Inc [NASDAQ: EQRX] loss -2.09% on the last trading session, reaching $2.34 price per share at the time. The company report on November 8, 2023 at 11:30 AM that Revolution Medicines and EQRx Stockholders Approve EQRx Acquisition.
Transaction on Track to Close in November 2023.
EQRx Inc represents 478.67 million in outstanding shares, while the company has a total market value of $1.26 billion with the latest information. EQRX stock price has been found in the range of $2.32 to $2.42.
If compared to the average trading volume of 2.96M shares, EQRX reached a trading volume of 16541583 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about EQRx Inc [EQRX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQRX shares is $2.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQRX stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for EQRx Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 14, 2022.
The Average True Range (ATR) for EQRx Inc is set at 0.11 The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 2.35.
Trading performance analysis for EQRX stock
EQRx Inc [EQRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.54. With this latest performance, EQRX shares gained by 4.93% in over the last four-week period, additionally plugging by 37.65% over the last 6 months – not to mention a drop of -56.91% 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 EQRX stock in for the last two-week period is set at 55.61, with the RSI for the last a single of trading hit 56.45, and the three-weeks RSI is set at 55.03 for EQRx Inc [EQRX]. The present Moving Average for the last 50 days of trading for this stock 2.25, while it was recorded at 2.38 for the last single week of trading, and 2.05 for the last 200 days.
EQRx Inc [EQRX]: A deeper dive into fundamental analysis
Return on Total Capital for EQRX is now -24.45, given the latest momentum, and Return on Invested Capital for the company is -11.64. Return on Equity for this stock declined to -11.65, with Return on Assets sitting at -10.62. When it comes to the capital structure of this company, EQRx Inc [EQRX] has a Total Debt to Total Equity ratio set at 0.28. Additionally, EQRX Total Debt to Total Capital is recorded at 0.28, with Total Debt to Total Assets ending up at 0.26. Long-Term Debt to Equity for the company is recorded at 0.11, with the Long-Term Debt to Total Capital now at 0.10.
Reflecting on the efficiency of the workforce at the company, EQRx Inc [EQRX] managed to generate an average of -$467,097 per employee.EQRx Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 22.60 and a Current Ratio set at 22.60.
An analysis of Institutional ownership at EQRx Inc [EQRX]
The top three institutional holders of EQRX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in EQRX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in EQRX stock with ownership which is approximately 5.7994%.