In the last trading session, 3.82 million Recursion Pharmaceuticals Inc (NASDAQ:RXRX) shares changed hands as the company’s beta touched 0.77. With the company’s per share price at $10.53 changed hands at $0.04 or 0.38% during last session, the market valuation stood at $2.27B. RXRX’s last price was a discount, traded about -59.07% off its 52-week high of $16.75. The share price had its 52-week low at $4.54, which suggests the last value was 56.89% up since then. When we look at Recursion Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 7.42 million shares, with the 3-month average coming to 7.15 million.
Recursion Pharmaceuticals Inc (NASDAQ:RXRX) trade information
Instantly RXRX was in green as seen at the end of in last trading. With action -7.79%, the performance over the past five days has been red. The jump to weekly highs of 11.45 added 0.38% to the stock’s daily price. The company’s shares are showing year-to-date upside of 6.80%, with the 5-day performance at -7.79% in the red. However, in the 30-day time frame, Recursion Pharmaceuticals Inc (NASDAQ:RXRX) is -21.24% down. Looking at the short shares, we see there were 42.82 million shares sold at short interest cover period of 5.5 days.
Recursion Pharmaceuticals Inc (RXRX) estimates and forecasts
Data shows that the Recursion Pharmaceuticals Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 32.95% over the past 6 months, a -7.59% in annual growth rate that is considerably lower than the industry average of 10.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Recursion Pharmaceuticals Inc will fall -23.50%, while the growth in revenue is estimated to hit -10.50% for the next quarter. Year-over-year growth is forecast to reach 26.00% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $12.65 million. 6 analysts are of the opinion that Recursion Pharmaceuticals Inc’s revenue for the quarter ending Jun 2024 will be $13.17 million. The company’s revenue for the corresponding quarters a year ago was $12.13 million and $11.02 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.30%. The estimates for the next quarter sales put growth at 19.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -43.41%. The 2024 estimates are for Recursion Pharmaceuticals Inc earnings to decrease by -9.14%, but the outlook for the next 5-year period is at 12.00% per year.
RXRX Dividends
Recursion Pharmaceuticals Inc is expected to release its next quarterly earnings report between May 06 and May 10.
Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.77% of Recursion Pharmaceuticals Inc shares while 92.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.04%. There are 92.39% institutions holding the Recursion Pharmaceuticals Inc stock share, with Baillie Gifford and Company the top institutional holder. As of Jun 29, 2023, the company held 12.30% of the shares, roughly 25.1 million RXRX shares worth $187.48 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.69% or 11.62 million shares worth $86.8 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard U.S. Growth Fund. With 6.8 million shares estimated at $52.0 million under it, the former controlled 3.33% of total outstanding shares. On the other hand, Vanguard U.S. Growth Fund held about 1.95% of the shares, roughly 3.97 million shares worth around $34.85 million.
