Equillium Inc [NASDAQ: EQ] traded at a high on Tuesday, posting a 53.75 gain after which it closed the day’ session at $1.23. The company report on December 21, 2023 at 8:00 AM that Equillium Announces Update on Multi-Cytokine Inhibitors EQ101 & EQ102 in Development for Alopecia Areata and Celiac Disease.
EQ101 Phase 2 study in alopecia areata is fully enrolled with topline data expected in Q2 2024.
EQ302, an orally delivered multi-cytokine inhibitor of IL-15 & IL-21, will be advanced in place of further clinical development of EQ102 based on EQ302’s optimal delivery and increased potency.
The results of the trading session contributed to over 4962538 shares changing hands. Over the past one week, the price volatility of Equillium Inc stands at 21.71% while the volatility over the past one month is 11.56%.
The market cap for EQ stock reached $43.20 million, with 34.41 million shares outstanding and 17.10 million shares in the current float. Compared to the average trading volume of 149.12K shares, EQ reached a trading volume of 4962538 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Equillium Inc [EQ]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQ shares is $6.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQ stock is a recommendation set at 1.00. 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.
Stifel have made an estimate for Equillium Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 29, 2021.
The Average True Range (ATR) for Equillium Inc is set at 0.10, with the Price to Sales ratio for EQ stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 1.32. Price to Free Cash Flow for EQ in the course of the last twelve months was 3.73 with Quick ratio for the last quarter at 1.91.
How has EQ stock performed recently?
Equillium Inc [EQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 45.82. With this latest performance, EQ shares gained by 49.96% in over the last four-week period, additionally plugging by 50.18% over the last 6 months – not to mention a rise of 6.03% 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 EQ stock in for the last two-week period is set at 77.25, with the RSI for the last a single of trading hit 81.26, and the three-weeks RSI is set at 74.27 for Equillium Inc [EQ]. The present Moving Average for the last 50 days of trading for this stock 0.7247, while it was recorded at 0.8978 for the last single week of trading, and 0.7015 for the last 200 days.
Equillium Inc [EQ]: Deeper insight into the fundamentals
Equillium Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.91 and a Current Ratio set at 1.91.
Earnings analysis for Equillium Inc [EQ]
With the latest financial reports released by the company, Equillium Inc posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.72/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -102.80%. 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 EQ.
Insider trade positions for Equillium Inc [EQ]
The top three institutional holders of EQ stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in EQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in EQ stock with ownership which is approximately 5.8325%.
