In last trading session, Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) saw 2,354,513 shares changing hands with its beta currently measuring 1.88. Company’s recent per share price level of $1.08 trading at -$0.05 or -4.42% at ring of the bell on the day assigns it a market valuation of $45.66 Million. That closing price of IDRA’s stock is at a discount of -468.52% from its 52-week high price of $6.14 and is indicating a premium of 0.93% from its 52-week low price of $1.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.66 Million shares which gives us an average trading volume of 2.36 Million if we extend that period to 3-months.
For Idera Pharmaceuticals, Inc. (IDRA), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 4 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas none see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.21 in the current quarter.
Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) trade information
In the face of being in the red during last session for losing -4.42%, in the last five days IDRA remained trading in the green while hitting it’s week-highest on Friday, Apr 09 when the stock touched $1.41 price level, adding 23.4% to its value on the day. Idera Pharmaceuticals, Inc.’s shares saw a change of -70.57% in year-to-date performance and have moved -20% in past 5-day. Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) showed a performance of -76.92% in past 30-days. Number of shares sold short was 4.99 Million shares which calculate 2.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $4 to the stock, which implies a rise of 270.37% to its current value. Analysts have been projecting $1 as a low price target for the stock while placing it at a high target of $9. It follows that stock’s current price would jump +733.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -7.41% for stock’s current value.
Idera Pharmaceuticals, Inc. (IDRA) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0.3% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -12.5% while estimates for its earnings growth in next 5 years are of 0%
Idera Pharmaceuticals, Inc. (NASDAQ:IDRA)’s Major holders
Insiders are in possession of 26.46% of company’s total shares while institution are holding 16.55% percent of that, with stock having share float percentage of 22.5%. Investors also watch the number of corporate investors in a company very closely, which is 61 institutions for Idera Pharmaceuticals, Inc. that are currently holding shares of the company. Baker Brothers Advisors, LLC is the top institutional holder at IDRA for having 4.61 Million shares of worth $16.91 Million. And as of December 30, 2020, it was holding 10.91% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 1.02 Million shares on December 30, 2020. The number of shares represents firm’s hold over 2.42% of outstanding shares, having a total worth of $3.75 Million.
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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 613295 shares of worth $2.25 Million or 1.45% of the total outstanding shares. The later fund manager was in possession of 364.87 Thousand shares on December 30, 2020, making its stake of worth around $1.34 Million in the company or a holder of 0.86% of company’s stock.