X4 Pharmaceuticals Inc [XFOR] is 75.31% higher this YTD. Is it still time to buy?

X4 Pharmaceuticals Inc [NASDAQ: XFOR] gained 6.52% or 0.09 points to close at $1.47 with a heavy trading volume of 4648770 shares. The company report on April 2, 2024 at 4:05 PM that X4 Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4).

The options have a ten-year term and an exercise price of $1.41 per share, which is equal to the closing price of X4’s common stock on April 1, 2024. Each option will vest over a four-year period, with 25% of the shares vesting after 12 months and the remaining shares vesting monthly over the following 36 months, subject to the employee’s continued employment with X4 on such vesting dates. The options are subject to the terms and conditions of the 2019 Inducement Plan and the terms and conditions of an award agreement covering the grant.

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The daily chart for XFOR points out that the company has recorded 48.60% gains over the past six months.

If we look at the average trading volume of 2.01M shares, XFOR reached to a volume of 4648770 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 X4 Pharmaceuticals Inc [XFOR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XFOR shares is $3.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XFOR stock is a recommendation set at 1.33. 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.

B. Riley Securities have made an estimate for X4 Pharmaceuticals Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 12, 2023. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on August 30, 2023, representing the official price target for X4 Pharmaceuticals Inc stock. Previously, the target price had yet another raise to $3, while Cantor Fitzgerald analysts kept a Overweight rating on XFOR stock.

The Average True Range (ATR) for X4 Pharmaceuticals Inc is set at 0.12 The Price to Book ratio for the last quarter was 4.82, with the Price to Cash per share for the same quarter was set at 0.68.

Trading performance analysis for XFOR stock

X4 Pharmaceuticals Inc [XFOR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.38. With this latest performance, XFOR shares gained by 51.02% in over the last four-week period, additionally plugging by 48.60% over the last 6 months – not to mention a rise of 68.97% 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 XFOR stock in for the last two-week period is set at 73.77, with the RSI for the last a single of trading hit 76.45, and the three-weeks RSI is set at 70.78 for X4 Pharmaceuticals Inc [XFOR]. The present Moving Average for the last 50 days of trading for this stock 0.9890, while it was recorded at 1.4120 for the last single week of trading, and 1.1152 for the last 200 days.

X4 Pharmaceuticals Inc [XFOR]: A deeper dive into fundamental analysis

X4 Pharmaceuticals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.34 and a Current Ratio set at 5.34.

X4 Pharmaceuticals Inc [XFOR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, X4 Pharmaceuticals Inc posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.30%. 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 XFOR.

An analysis of Institutional ownership at X4 Pharmaceuticals Inc [XFOR]

The top three institutional holders of XFOR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in XFOR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in XFOR stock with ownership which is approximately 5.8386%.