Equillium Inc (NASDAQ:EQ)’s traded shares stood at 0.39 million during the last session, with the company’s beta value hitting 1.61. At the close of trading, the stock’s price was $2.31, to imply an increase of 12.14% or $0.25 in intraday trading. The EQ share’s 52-week high remains $3.25, putting it -40.69% down since that peak but still an impressive 80.52% since price per share fell to its 52-week low of $0.45. The company has a valuation of $81.43M, with an average of 0.29 million shares in intraday trading volume over the past 10 days and average of 365.41K shares over the past 3 months.
Equillium Inc (NASDAQ:EQ) trade information
After registering a 12.14% upside in the last session, Equillium Inc (EQ) has traded red over the past five days. The stock hit a weekly high of 2.98, jumping 12.14% in its intraday price action. The 5-day price performance for the stock is -16.61%, and -11.15% over 30 days. With these gigs, the year-to-date price performance is 219.50%. Short interest in Equillium Inc (NASDAQ:EQ) saw shorts transact 0.41 million shares and set a 1.03 days time to cover.
Equillium Inc (EQ) estimates and forecasts
Looking at statistics comparing Equillium Inc share performance against respective industry, we note that the company has outperformed competitors. Equillium Inc (EQ) shares are 218.62% up over the last 6 months, with its year-to-date growth rate higher than industry average at 60.53% against 12.70%. The rating firms project that company’s revenue will grow 227.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $9 million. Meanwhile, for the quarter ending Mar 2024, a total of 1 analyst(s) estimate revenue growth to $9 million.Earnings reports from the last fiscal year show that sales brought in $2.91 million and $9 million respectively in the corresponding quarters.
EQ Dividends
Equillium Inc has its next earnings report out between May 09 and May 13. 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. Equillium 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%.
Equillium Inc (NASDAQ:EQ)’s Major holders
Equillium Inc insiders hold 36.42% of total outstanding shares, with institutional holders owning 21.72% of the shares at 34.15% float percentage. In total, 21.72% institutions holds shares in the company, led by Decheng Capital Management III (Cayman), LLC. As of Sep 29, 2023, the company held over 4.45 million shares (or 12.61% of shares), all amounting to roughly $10.27 million.
The next major institution holding the largest number of shares is Decheng Capital LLC with 4.45 million shares, or about 12.61% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $10.27 million.
We also have Vanguard Total Stock Market Index Fund and Franklin Strategic Series-Franklin Biotechnology Discove as the top two Mutual Funds with the largest holdings of the Equillium Inc (EQ) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 0.57 million shares. This is just over 1.62% of the total shares, with a market valuation of $1.32 million. Data from the same date shows that the other fund manager holds a little less at 0.26 million, or 0.74% of the shares, all valued at about 0.6 million.
