why iSpecimen Inc [ISPC] is a Good Choice for Investors After New Price Target of $60.00

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iSpecimen Inc [NASDAQ: ISPC] slipped around -0.48 points on Friday, while shares priced at $2.37 at the close of the session, down -16.84%.

Compared to the average trading volume of 547.52K shares, ISPC reached a trading volume of 14745055 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about iSpecimen Inc [ISPC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ISPC shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ISPC 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.

The Average True Range (ATR) for iSpecimen Inc is set at 0.40, with the Price to Sales ratio for ISPC stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 1.82.

How has ISPC stock performed recently?

iSpecimen Inc [ISPC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.57. With this latest performance, ISPC shares dropped by -27.52% in over the last four-week period, additionally sinking by -61.53% over the last 6 months – not to mention a drop of -76.53% 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 ISPC stock in for the last two-week period is set at 34.01, with the RSI for the last a single of trading hit 31.10, and the three-weeks RSI is set at 36.43 for iSpecimen Inc [ISPC]. The present Moving Average for the last 50 days of trading for this stock 3.62, while it was recorded at 2.64 for the last single week of trading, and 5.06 for the last 200 days.

iSpecimen Inc [ISPC]: Deeper insight into the fundamentals

iSpecimen Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 0.74.

Insider trade positions for iSpecimen Inc [ISPC]

There are presently around $2.85%, or 3.33%% of ISPC stock, in the hands of institutional investors. The top three institutional holders of ISPC stocks are: BLACKROCK INC. with ownership of 56538.0 shares, which is approximately 0.6191%. HRT FINANCIAL LP, holding 45935.0 shares of the stock with an approximate value of $$14000.0 in ISPC stocks shares; and HRT FINANCIAL LP, currently with $$13000.0 in ISPC stock with ownership which is approximately 0.4609%.