The TransCode Therapeutics Inc (NASDAQ: RNAZ) Stock Dropped -69.97% In A Single Month – Are There Any Hopes For A Gain?

During the last session, TransCode Therapeutics Inc (NASDAQ:RNAZ)’s traded shares were 0.55 million, with the beta value of the company hitting 0.43. The 52-week high for the RNAZ share is $128.00, that puts it down -49130.77 from that peak though still a striking 11.54% gain since the share price plummeted to a 52-week low of $0.23. The company’s market capitalization is $4.51M, and the average intraday trading volume over the past 10 days was 1.87 million shares, and the average trade volume was 1.56 million shares over the past three months.

TransCode Therapeutics Inc (NASDAQ:RNAZ) trade information

TransCode Therapeutics Inc (RNAZ) registered a 1.12% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.12% in intraday trading to $0.26, hitting a weekly high. The stock’s 5-day price performance is -0.99%, and it has moved by -69.97% in 30 days. Based on these gigs, the overall price performance for the year is -99.64%. The short interest in TransCode Therapeutics Inc (NASDAQ:RNAZ) is 24679.0 shares and it means that shorts have 0.11 day(s) to cover.

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TransCode Therapeutics Inc (RNAZ) estimates and forecasts

Statistics show that TransCode Therapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. TransCode Therapeutics Inc (RNAZ) shares have gone down -61.23% during the last six months, with a year-to-date growth rate more than the industry average at 98.09% against 16.10.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.81%. While earnings are projected to return 98.09% in 2024.

RNAZ Dividends

TransCode Therapeutics Inc is due to release its next quarterly earnings 2024-May-15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

TransCode Therapeutics Inc (NASDAQ:RNAZ)’s Major holders

TransCode Therapeutics Inc insiders own 0.05% of total outstanding shares while institutional holders control 12.68%, with the float percentage being 12.69%.

Also, the Mutual Funds coming in first place with the largest holdings of TransCode Therapeutics Inc (RNAZ) shares are Fidelity NASDAQ Composite Index Fund and Fidelity Extended Market Index Fund . Data provided on May 31, 2024 indicates that Fidelity NASDAQ Composite Index Fund owns about 1.09 shares. This amounts to just over 0.02 percent of the company’s overall shares, with a $286.0 market value. The same data shows that the other fund manager holds slightly less at 209.0, or about 0.00% of the stock, which is worth about $54.0.