In the last trading session, 1.38 million shares of the Gossamer Bio Inc (NASDAQ:GOSS) were traded, and its beta was 1.94. Most recently the company’s share price was $1.07, and it changed around $0.06 or 5.94% from the last close, which brings the market valuation of the company to $242.07M. GOSS currently trades at a discount to its 52-week high of $1.60, offering almost -49.53% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 57.94% since then. We note from Gossamer Bio Inc’s average daily trading volume that its 10-day average is 1.11 million shares, with the 3-month average coming to 1.16 million.
Gossamer Bio Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended GOSS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Gossamer Bio Inc is expected to report earnings per share of -0.15 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Gossamer Bio Inc (NASDAQ:GOSS) trade information
Instantly GOSS has showed a green trend with a performance of 5.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0900 on recent trading dayincreased the stock’s daily price by 1.83%. The company’s shares are currently up 17.26% year-to-date, but still up 11.46% over the last five days. On the other hand, Gossamer Bio Inc (NASDAQ:GOSS) is 11.38% up in the 30-day period. We can see from the shorts that 8.55 million shares have been sold at a short interest cover period of 10.5 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 73.25% from its current value. Analyst projections state that GOSS is forecast to be at a low of $2 and a high of $5.
Gossamer Bio Inc (GOSS) estimates and forecasts
Gossamer Bio Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.88 percent over the past six months and at a 72.03% annual growth rate that is well above the industry average of 17.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 28.60% in revenue this quarter, and will report an increase of 28.60% in the next quarter.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 7.7M in revenue for the current quarter. 9 analysts expect Gossamer Bio Inc to make 7.71M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.99%. Gossamer Bio Inc earnings are expected to increase by 77.55% in 2024, but the outlook is positive 5.20% per year for the next five years.
GOSS Dividends
Gossamer Bio Inc’s next quarterly earnings report is expected to be released in November.
Gossamer Bio Inc (NASDAQ:GOSS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.95% of Gossamer Bio Inc shares, and 81.12% of them are in the hands of institutional investors. The stock currently has a share float of 83.59%. Gossamer Bio Inc stock is held by 103.0 institutions, with NEA MANAGEMENT COMPANY, LLC being the largest institutional investor. By 2024-06-30, it held 8.0152% of the shares, which is about 18.09 million shares worth $16.3 million.
ARTAL GROUP S.A., with 5.8958% or 13.31 million shares worth $11.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
