In the latest trading session,, 0.43 million Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) shares changed hands as the company’s beta touched -0.67. With the company’s most recent per share price at $2.61 changing hands around $0.09 or 3.37% at last look, the market valuation stands at $177.35M. AMLX’s current price is a discount, trading about -704.21% off its 52-week high of $20.99. The share price had its 52-week low at $1.58, which suggests the last value was 39.46% up since then. When we look at Amylyx Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 0.67 million shares, with the 3-month average coming to 1.60 million.
Analysts gave the Amylyx Pharmaceuticals Inc (AMLX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.71. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AMLX as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Amylyx Pharmaceuticals Inc’s EPS for the current quarter is expected to be -0.71.
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Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) trade information
Instantly AMLX is in green as seen in intraday trades today. With action 20.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -82.30%, with the 5-day performance at 20.60% in the green. However, in the 30-day time frame, Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) is 37.11% up. Looking at the short shares, we see there were 1.97 million shares sold at short interest cover period of 1.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 13.0% from its recent market value. According to analyst projections, AMLX’s forecast low is 3 with 4 as the target high. To hit the forecast high, the stock’s price needs a -53.26% plunge from its current level, while the stock would need to soar -14.94% for it to hit the projected low.
Amylyx Pharmaceuticals Inc (AMLX) estimates and forecasts
Data shows that the Amylyx 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 -31.45% over the past 6 months, a -650.00% in annual growth rate that is considerably lower than the industry average of 20.20%. Year-over-year growth is forecast to reach -77.00% down from the last financial year.
The company’s revenue for the corresponding quarters a year ago was 102.69M and 108.45M respectively.
The 2024 estimates are for Amylyx Pharmaceuticals Inc earnings to decrease by -623.81%.
Amylyx Pharmaceuticals Inc (NASDAQ:AMLX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.35% of Amylyx Pharmaceuticals Inc shares while 86.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.99%. There are 86.49% institutions holding the Amylyx Pharmaceuticals Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.2251% of the shares, roughly 4.22 million AMLX shares worth $8.03 million.
AQR CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 4.9237% or 3.34 million shares worth $6.35 million as of 2024-06-30.
