Monte Rosa Therapeutics Inc [NASDAQ: GLUE] plunged by -$0.72 during the normal trading session on while it closed the day at $7.79.
Monte Rosa Therapeutics Inc stock has also loss -11.78% of its value over the past 7 days. However, GLUE stock has inclined by 28.12% in the 3 months of the year. Over the past six months meanwhile, it has gained 94.26% and gained 37.88% year-on date.
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The market cap for GLUE stock reached $478.60 million, with 61.38 million shares outstanding and 46.20 million shares in the current float. Compared to the average trading volume of 2.51M shares, GLUE reached a trading volume of 1254687 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Monte Rosa Therapeutics Inc [GLUE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GLUE shares is $15.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GLUE 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.
Wedbush have made an estimate for Monte Rosa Therapeutics Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 15, 2024. The new note on the price target was released on January 03, 2023, representing the official price target for Monte Rosa Therapeutics Inc stock. Previously, the target price had yet another raise to $22, while UBS analysts kept a Buy rating on GLUE stock.
The Average True Range (ATR) for Monte Rosa Therapeutics Inc is set at 0.92, with the Price to Sales ratio for GLUE stock in the period of the last 12 months amounting to 31.97. The Price to Book ratio for the last quarter was 2.33, with the Price to Cash per share for the same quarter was set at 3.94.
GLUE stock trade performance evaluation
Monte Rosa Therapeutics Inc [GLUE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.78. With this latest performance, GLUE shares dropped by -14.68% in over the last four-week period, additionally plugging by 94.26% over the last 6 months – not to mention a rise of 68.98% 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 GLUE stock in for the last two-week period is set at 43.26, with the RSI for the last a single of trading hit 37.34, and the three-weeks RSI is set at 47.03 for Monte Rosa Therapeutics Inc [GLUE]. The present Moving Average for the last 50 days of trading for this stock 7.68, while it was recorded at 9.07 for the last single week of trading, and 5.89 for the last 200 days.
Monte Rosa Therapeutics Inc [GLUE]: An insightful look at the core fundamentals
Monte Rosa Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.03 and a Current Ratio set at 6.03.
Monte Rosa Therapeutics Inc [GLUE]: Institutional Ownership
There are presently around $90.62%, or 91.27%% of GLUE stock, in the hands of institutional investors. The top three institutional holders of GLUE stocks are: NEA MANAGEMENT COMPANY, LLC with ownership of 7.69 million shares, which is approximately 12.7872%. PRICE T ROWE ASSOCIATES INC /MD/, holding 5.98 million shares of the stock with an approximate value of $$22.36 million in GLUE stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $$19.06 million in GLUE stock with ownership which is approximately 8.4696%.
