During the last session, Entrada Therapeutics Inc (NASDAQ:TRDA)’s traded shares were 0.42 million, with the beta value of the company hitting -0.25. At the end of the trading day, the stock’s price was $14.68, reflecting an intraday loss of -2.13% or -$0.32. The 52-week high for the TRDA share is $18.17, that puts it down -23.77 from that peak though still a striking 26.77% gain since the share price plummeted to a 52-week low of $10.75. The company’s market capitalization is $546.10M, and the average intraday trading volume over the past 10 days was 0.12 million shares, and the average trade volume was 137.00K shares over the past three months.
Entrada Therapeutics Inc (TRDA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. TRDA has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.73.
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Entrada Therapeutics Inc (NASDAQ:TRDA) trade information
Entrada Therapeutics Inc (TRDA) registered a -2.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.13% in intraday trading to $14.68, hitting a weekly high. The stock’s 5-day price performance is -2.13%, and it has moved by -10.81% in 30 days. Based on these gigs, the overall price performance for the year is 3.38%. The short interest in Entrada Therapeutics Inc (NASDAQ:TRDA) is 2.14 million shares and it means that shorts have 15.05 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies an increase of 18.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $18 respectively. As a result, TRDA is trading at a discount of -22.62% off the target high and -22.62% off the low.
Entrada Therapeutics Inc (TRDA) estimates and forecasts
Statistics show that Entrada Therapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. Entrada Therapeutics Inc (TRDA) shares have gone up 8.42% during the last six months, with a year-to-date growth rate more than the industry average at 440.00% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -171.60% this quarter and then drop -172.40% in the quarter after that. In the rating firms’ projections, revenue will increase 36.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 12.32M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 9.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.6M and 41.85M respectively. In this case, analysts expect current quarter sales to grow by 28.30% and then drop by -76.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.52%. While earnings are projected to return 326.00% in 2024.
TRDA Dividends
Entrada Therapeutics Inc is due to release its next quarterly earnings on 2024-Aug-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Entrada Therapeutics Inc (NASDAQ:TRDA)’s Major holders
Entrada Therapeutics Inc insiders own 12.95% of total outstanding shares while institutional holders control 80.20%, with the float percentage being 92.13%. BAKER BROS. ADVISORS LP is the largest shareholder of the company, while 139.0 institutions own stock in it. As of 2024-06-30, the company held over 4.87 million shares (or 14.5261% of all shares), a total value of $69.34 million in shares.
The next largest institutional holding, with 4.43 million shares, is of MPM ASSET MANAGEMENT LLC’s that is approximately 13.2125% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $63.07 million.
