In last trading session, Entrada Therapeutics Inc (NASDAQ:TRDA) saw 0.34 million shares changing hands with its beta currently measuring -0.25. Company’s recent per share price level of $16.45 trading at $0.68 or 4.31% at ring of the bell on the day assigns it a market valuation of $611.94M. That closing price of TRDA’s stock is at a discount of -10.46% from its 52-week high price of $18.17 and is indicating a premium of 34.65% from its 52-week low price of $10.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.18 million shares which gives us an average trading volume of 146.33K if we extend that period to 3-months.
For Entrada Therapeutics Inc (TRDA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Entrada Therapeutics Inc (NASDAQ:TRDA) trade information
Upright in the green during last session for gaining 4.31%, in the last five days TRDA remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $16.45 price level, adding 5.35% to its value on the day. Entrada Therapeutics Inc’s shares saw a change of 9.01% in year-to-date performance and have moved 12.06% in past 5-day. Entrada Therapeutics Inc (NASDAQ:TRDA) showed a performance of 0.80% in past 30-days. Number of shares sold short was 2.17 million shares which calculate 16.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a rise of 8.61% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would drop -9.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -9.42% for stock’s current value.
Entrada Therapeutics Inc (TRDA) estimates and forecasts
Statistics highlight that Entrada Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 16.09% of value to its shares in past 6 months, showing an annual growth rate of 440.00% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 -5.52% during past 5 years.
Entrada Therapeutics Inc (NASDAQ:TRDA)’s Major holders
Insiders are in possession of 12.95% of company’s total shares while institution are holding 80.21 percent of that, with stock having share float percentage of 92.14%. Investors also watch the number of corporate investors in a company very closely, which is 80.21% institutions for Entrada Therapeutics Inc that are currently holding shares of the company. BAKER BROS. ADVISORS LP is the top institutional holder at TRDA for having 4.87 million shares of worth $69.34 million. And as of 2024-06-30, it was holding 14.5261 of the company’s outstanding shares.
The second largest institutional holder is MPM ASSET MANAGEMENT LLC, which was holding about 4.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 13.2125 of outstanding shares, having a total worth of $63.07 million.
