Relay Therapeutics Inc. (NASDAQ:RLAY)’s traded shares stood at 1.37 million during the last session. At the close of trading, the stock’s price was $16.28, to imply a decrease of -1.33% or -$0.22 in intraday trading. The RLAY share’s 52-week high remains $35.36, putting it -117.2% down since that peak but still an impressive 22.3% since price per share fell to its 52-week low of $12.65. The company has a valuation of $2.01B, with an average of 1.1 million shares in intraday trading volume over the past 10 days and average of 1.40 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Relay Therapeutics Inc. (RLAY), translating to a mean rating of 2.00. Of 10 analyst(s) looking at the stock, 0 analyst(s) give RLAY a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.69.
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Relay Therapeutics Inc. (NASDAQ:RLAY) trade information
After registering a -1.33% downside in the last session, Relay Therapeutics Inc. (RLAY) has traded red over the past five days. The stock hit a weekly high of 17.00 this Thursday, 03/16/23, dropping -1.33% in its intraday price action. The 5-day price performance for the stock is 4.56%, and -13.31% over 30 days. With these gigs, the year-to-date price performance is 8.97%. Short interest in Relay Therapeutics Inc. (NASDAQ:RLAY) saw shorts transact 17.78 million shares and set a 17.4 days time to cover.
Analysts on Wall Street suggest a consensus price target of $34.44, implying an increase of 52.73% to the stock’s current value. The extremes give us $23.00 and $46.00 for target low and target high price respectively. As such, RLAY has been trading -182.56% off suggested target high and -41.28% from its likely low.
Relay Therapeutics Inc. (RLAY) estimates and forecasts
Looking at statistics comparing Relay Therapeutics Inc. share performance against respective industry, we note that the company has underperformed competitors. Relay Therapeutics Inc. (RLAY) shares are -32.08% down over the last 6 months, with its year-to-date growth rate lower than industry average at -16.22% against 9.50%. Revenue is forecast to shrink -21.10% this quarter before falling -1.40% for the next one. The rating firms project that company’s revenue will grow 52.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $210k. Meanwhile, for the quarter ending Jun 2023, a total of 7 analyst(s) estimate revenue growth to $930k.Earnings reports from the last fiscal year show that sales brought in $419k and $365k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -49.90% before jumping 154.80% in the following quarter.
Relay Therapeutics Inc. has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Relay Therapeutics Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Relay Therapeutics Inc. (NASDAQ:RLAY)’s Major holders
Relay Therapeutics Inc. insiders hold 2.47% of total outstanding shares, with institutional holders owning 108.62% of the shares at 111.38% float percentage. In total, 108.62% institutions holds shares in the company, led by SB Investment Advisers (UK) LTD. As of Dec 30, 2022, the company held over 27.9 million shares (or 22.99% of shares), all amounting to roughly $454.29 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 10.38 million shares, or about 8.55% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $169.06 million.
We also have SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Relay Therapeutics Inc. (RLAY) shares. Going by data provided on Dec 30, 2022, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF holds roughly 4.54 million shares. This is just over 3.76% of the total shares, with a market valuation of $73.91 million. Data from the same date shows that the other fund manager holds a little less at 2.69 million, or 2.23% of the shares, all valued at about 43.81 million.