Why To Invest In Quoin Pharmaceuticals Ltd ADR (NASDAQ: QNRX) Stock?

In the last trading session, 2.13 million Quoin Pharmaceuticals Ltd ADR (NASDAQ:QNRX) shares changed hands as the company’s beta touched 1.82. With the company’s per share price at $0.96 changed hands at $0.19 or 24.71% during last session, the market valuation stood at $3.82M. QNRX’s last price was a discount, traded about -543.75% off its 52-week high of $6.18. The share price had its 52-week low at $0.48, which suggests the last value was 50.0% up since then. When we look at Quoin Pharmaceuticals Ltd ADR’s average trading volume, we note the 10-day average is 0.41 million shares, with the 3-month average coming to 60.98K.

Analysts gave the Quoin Pharmaceuticals Ltd ADR (QNRX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended QNRX as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Quoin Pharmaceuticals Ltd ADR’s EPS for the current quarter is expected to be -0.49.

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Quoin Pharmaceuticals Ltd ADR (NASDAQ:QNRX) trade information

Instantly QNRX was in green as seen at the end of in last trading. With action 53.33%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -80.43%, with the 5-day performance at 53.33% in the green. However, in the 30-day time frame, Quoin Pharmaceuticals Ltd ADR (NASDAQ:QNRX) is 83.14% up. Looking at the short shares, we see there were 2623.0 shares sold at short interest cover period of 0.06 days.

Quoin Pharmaceuticals Ltd ADR (QNRX) estimates and forecasts

Data shows that the Quoin Pharmaceuticals Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.64% over the past 6 months, a 67.53% in annual growth rate that is considerably higher than the industry average of 20.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 67.35%. The 2024 estimates are for Quoin Pharmaceuticals Ltd ADR earnings to increase by 71.30%.

Quoin Pharmaceuticals Ltd ADR (NASDAQ:QNRX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.39% of Quoin Pharmaceuticals Ltd ADR shares while 7.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.27%.