Why Nurix Therapeutics Inc (NASDAQ: NRIX) Stock Shouldn’t Be Sold In 2024

In the latest trading session, 0.86 million Nurix Therapeutics Inc (NASDAQ:NRIX) shares changed hands as the company’s beta touched 2.16. With the company’s most recent per share price at $14.99 changed hands at -$0.19 or -1.25% at last look, the market valuation stands at $889.21M. NRIX’s current price is a discount, trading about -20.88% off its 52-week high of $18.12. The share price had its 52-week low at $4.22, which suggests the last value was 71.85% up since then. When we look at Nurix Therapeutics Inc’s average trading volume, we note the 3-month average coming to 1.08 million.

Nurix Therapeutics Inc (NASDAQ:NRIX) trade information

Instantly NRIX was in red as seen in intraday trades today. With action -2.15%, the performance over the past five days has been red. The drop to weekly highs of 17.25 subtracted -1.25% to the stock’s daily price. The company’s shares are showing year-to-date upside of 45.25%, with the 5-day performance at -2.15% in the red. However, in the 30-day time frame, Nurix Therapeutics Inc (NASDAQ:NRIX) is -2.66% down.

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Nurix Therapeutics Inc (NRIX) estimates and forecasts

Data shows that the Nurix Therapeutics 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 67.67% over the past 6 months, a -13.21% in annual growth rate that is considerably lower than the industry average of 15.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -59.00%. The 2024 estimates are for Nurix Therapeutics Inc earnings to decrease by -6.66%.