Are Neumora Therapeutics Inc. (NASDAQ: NMRA) Shares Ready For A Price Rise?

In the last trading session, 1.12 million Neumora Therapeutics Inc. (NASDAQ:NMRA) shares changed hands as the company’s beta touched 3.90. With the company’s per share price at $13.21 changed hands at $0.29 or 2.24% during last session, the market valuation stood at $2.11B. NMRA’s last price was a discount, traded about -58.97% off its 52-week high of $21.00. The share price had its 52-week low at $8.33, which suggests the last value was 36.94% up since then. When we look at Neumora Therapeutics Inc.’s average trading volume, we note the 10-day average is 1.32 million shares, with the 3-month average coming to 874.95K.

Analysts gave the Neumora Therapeutics Inc. (NMRA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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 NMRA as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Neumora Therapeutics Inc.’s EPS for the current quarter is expected to be -0.4.

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Neumora Therapeutics Inc. (NASDAQ:NMRA) trade information

Instantly NMRA was in green as seen at the end of in last trading. With action 3.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -22.52%, with the 5-day performance at 3.36% in the green. However, in the 30-day time frame, Neumora Therapeutics Inc. (NASDAQ:NMRA) is 17.84% up. Looking at the short shares, we see there were 9.52 million shares sold at short interest cover period of 22.58 days.

The consensus price target for the stock as assigned by Wall Street analysts is 24.5, meaning bulls need an upside of 46.08% from its current market value. According to analyst projections, NMRA’s forecast low is 20 with 29 as the target high. To hit the forecast high, the stock’s price needs a -119.53% plunge from its current level, while the stock would need to soar -51.4% for it to hit the projected low.

Neumora Therapeutics Inc. (NMRA) estimates and forecasts

Data shows that the Neumora Therapeutics Inc. 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 -5.24% over the past 6 months, a 58.40% in annual growth rate that is considerably higher than the industry average of 17.70%.

The 2024 estimates are for Neumora Therapeutics Inc. earnings to increase by 58.99%.

NMRA Dividends

Neumora Therapeutics Inc. is expected to release its next quarterly earnings report in November.

Neumora Therapeutics Inc. (NASDAQ:NMRA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 28.05% of Neumora Therapeutics Inc. shares while 61.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.13%.