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How To Know If Morphic Holding Inc (NASDAQ:MORF) Is Expensive At $39.70.

In last trading session, Morphic Holding Inc (NASDAQ:MORF) saw 0.4 million shares changing hands with its beta currently measuring 1.43. Company’s recent per share price level of $39.70 trading at $0.99 or 2.56% at ring of the bell on the day assigns it a market valuation of $1.97B. That closing price of MORF’s stock is at a discount of -58.89% from its 52-week high price of $63.08 and is indicating a premium of 51.28% from its 52-week low price of $19.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.79 million shares which gives us an average trading volume of 603.01K if we extend that period to 3-months.

Morphic Holding Inc (NASDAQ:MORF) trade information

Upright in the green during last session for gaining 2.56%, in the last five days MORF remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $39.70 price level, adding 3.15% to its value on the day. Morphic Holding Inc’s shares saw a change of 37.47% in year-to-date performance and have moved 14.24% in past 5-day. Morphic Holding Inc (NASDAQ:MORF) showed a performance of 36.94% in past 30-days. Number of shares sold short was 5.78 million shares which calculate 8.77 days to cover the short interests.

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Morphic Holding Inc (MORF) estimates and forecasts

Statistics highlight that Morphic Holding Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -26.71% of value to its shares in past 6 months, showing an annual growth rate of -120.65% while that of industry is 15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -32.80% in the current quarter and calculating -1.10% decrease in the next quarter. This year revenue growth is estimated to fall -99.30% from the last financial year’s standing.

Company posted $6.13 million and $521k of sales in current and next quarters respectively a year earlier.

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 -21.85% during past 5 years.

MORF Dividends

Morphic Holding Inc is more likely to be releasing its next quarterly report between February 21 and February 26 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Morphic Holding Inc (NASDAQ:MORF)’s Major holders

Insiders are in possession of 16.73% of company’s total shares while institution are holding 90.23 percent of that, with stock having share float percentage of 108.36%. Investors also watch the number of corporate investors in a company very closely, which is 90.23% institutions for Morphic Holding Inc that are currently holding shares of the company. FMR, LLC is the top institutional holder at MORF for having 6.52 million shares of worth $258.93 million. And as of Sep 29, 2023, it was holding 13.11% of the company’s outstanding shares.

The second largest institutional holder is Wellington Management Group, LLP, which was holding about 3.42 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 6.88% of outstanding shares, having a total worth of $135.85 million.

On the other hand, Fidelity Growth Company Fund and Vanguard Specialized-Health Care Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 1.31 million shares of worth $51.87 million or 2.63% of the total outstanding shares. The later fund manager was in possession of 1.24 million shares on Oct 30, 2023, making its stake of worth around $49.15 million in the company or a holder of 2.49% of company’s stock.

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