Humacyte Inc [NASDAQ: HUMA] traded at a high on Wednesday, posting a 1.93 gain after which it closed the day’ session at $5.81.
The results of the trading session contributed to over 3742759 shares changing hands. Over the past one week, the price volatility of Humacyte Inc stands at 6.53% while the volatility over the past one month is 7.71%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for HUMA stock reached $727.47 million, with 103.67 million shares outstanding and 97.86 million shares in the current float. Compared to the average trading volume of 2.92M shares, HUMA reached a trading volume of 3742759 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Humacyte Inc [HUMA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HUMA shares is $13.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HUMA 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.
H.C. Wainwright have made an estimate for Humacyte Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 11, 2023. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $2.75 to $3.50. The new note on the price target was released on August 14, 2023, representing the official price target for Humacyte Inc stock. Previously, the target price had yet another raise to $6, while Cantor Fitzgerald analysts kept a Overweight rating on HUMA stock. On May 16, 2022, analysts decreased their price target for HUMA shares from 10 to 4.
How has HUMA stock performed recently?
Humacyte Inc [HUMA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.89. With this latest performance, HUMA shares gained by 11.09% in over the last four-week period, additionally plugging by 86.22% over the last 6 months – not to mention a rise of 123.46% 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 HUMA stock in for the last two-week period is set at 52.98, with the RSI for the last a single of trading hit 58.48, and the three-weeks RSI is set at 50.23 for Humacyte Inc [HUMA]. The present Moving Average for the last 50 days of trading for this stock 5.93, while it was recorded at 5.69 for the last single week of trading, and 5.11 for the last 200 days.
Humacyte Inc [HUMA]: Deeper insight into the fundamentals
Humacyte Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.41 and a Current Ratio set at 5.41.
Insider trade positions for Humacyte Inc [HUMA]
There are presently around $25.50%, or 35.37%% of HUMA stock, in the hands of institutional investors. The top three institutional holders of HUMA stocks are: BLACKROCK INC. with ownership of 7.14 million shares, which is approximately 6.5961%. VANGUARD GROUP INC, holding 4.73 million shares of the stock with an approximate value of $$22.7 million in HUMA stocks shares; and VANGUARD GROUP INC, currently with $$13.77 million in HUMA stock with ownership which is approximately 2.6501%.
