Century Therapeutics Inc (NASDAQ:IPSC) Shares Plunges -5.29% In A Week – But Can It Keep Rising?

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In last trading session, Century Therapeutics Inc (NASDAQ:IPSC) saw 0.37 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $1.61 trading at $0.08 or 5.23% at ring of the bell on the day assigns it a market valuation of $136.40M. That closing price of IPSC’s stock is at a discount of -242.24% from its 52-week high price of $5.51 and is indicating a premium of 20.5% from its 52-week low price of $1.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.38 million shares which gives us an average trading volume of 349.90K if we extend that period to 3-months.

For Century Therapeutics Inc (IPSC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.45 in the current quarter.

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Century Therapeutics Inc (NASDAQ:IPSC) trade information

Upright in the green during last session for gaining 5.23%, in the last five days IPSC remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $1.61 price level, adding 6.94% to its value on the day. Century Therapeutics Inc’s shares saw a change of -51.51% in year-to-date performance and have moved -5.29% in past 5-day. Century Therapeutics Inc (NASDAQ:IPSC) showed a performance of -2.42% in past 30-days. Number of shares sold short was 3.28 million shares which calculate 9.08 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 22 to the stock, which implies a rise of 92.68% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would drop -459.01% in reaching the projected high whereas dropping to the targeted low would mean a loss of -459.01% for stock’s current value.

Century Therapeutics Inc (IPSC) estimates and forecasts

Statistics highlight that Century Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -61.48% of value to its shares in past 6 months, showing an annual growth rate of 13.46% while that of industry is 20.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 226.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.02M for the same. And 5 analysts are in estimates of company making revenue of 2.25M in the next quarter. Company posted 148k and 268k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.24% during past 5 years.

Century Therapeutics Inc (NASDAQ:IPSC)’s Major holders

Insiders are in possession of 28.14% of company’s total shares while institution are holding 58.78 percent of that, with stock having share float percentage of 81.80%. Investors also watch the number of corporate investors in a company very closely, which is 58.78% institutions for Century Therapeutics Inc that are currently holding shares of the company. BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC is the top institutional holder at IPSC for having 5.41 million shares of worth $13.8 million. And as of 2024-06-30, it was holding 8.6848 of the company’s outstanding shares.

The second largest institutional holder is VR ADVISER, LLC, which was holding about 5.39 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.651 of outstanding shares, having a total worth of $13.74 million.

On the other hand, iShares Russell 2000 ETF and Fidelity Growth Company Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 1.07 shares of worth $1.72 million or 1.26% of the total outstanding shares. The later fund manager was in possession of 822.55 shares on Jul 31, 2024 , making its stake of worth around $1.32 million in the company or a holder of 0.97% of company’s stock.