Iterum Therapeutics Plc [NASDAQ: ITRM] traded at a high on Friday, posting a 60.68 gain after which it closed the day’ session at $1.88.
The results of the trading session contributed to over 103877370 shares changing hands. Over the past one week, the price volatility of Iterum Therapeutics Plc stands at 31.34% while the volatility over the past one month is 12.98%.
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The market cap for ITRM stock reached $42.69 million, with 22.71 million shares outstanding and 21.95 million shares in the current float. Compared to the average trading volume of 317.79K shares, ITRM reached a trading volume of 103877370 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Iterum Therapeutics Plc [ITRM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITRM shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ITRM 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.
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.
How has ITRM stock performed recently?
Iterum Therapeutics Plc [ITRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 60.68. With this latest performance, ITRM shares gained by 79.90% in over the last four-week period, additionally plugging by 19.75% over the last 6 months – not to mention a rise of 168.57% 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 83.48, with the RSI for the last a single of trading hit 89.33, and the three-weeks RSI is set at 77.61 for Iterum Therapeutics Plc [ITRM]. The present Moving Average for the last 50 days of trading for this stock 1.1105, while it was recorded at 1.2740 for the last single week of trading, and 1.3678 for the last 200 days.
Iterum Therapeutics Plc [ITRM]: Deeper insight into the fundamentals
Iterum Therapeutics Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 0.77.
Insider trade positions for Iterum Therapeutics Plc [ITRM]
There are presently around $3.05%, or 3.10%% of ITRM stock, in the hands of institutional investors.
