Future Outlook And Stock Price Performance For TransCode Therapeutics Inc (NASDAQ: RNAZ)

In recent trading session today, 4.37 million shares of the TransCode Therapeutics Inc (NASDAQ:RNAZ) have been traded, and its beta is 0.62. Most recently the company’s share price was $0.46, and it changed around -$0.08 or -14.91% from the last close, which brings the market valuation of the company to $7.94M. RNAZ at last check was trading at a discount to its 52-week high of $21.20, offering almost -4508.7% off that amount. The share price’s 52-week low was $0.22, which indicates that the recent value has risen by an impressive 52.17% since then. We note from TransCode Therapeutics Inc’s average daily trading volume that its 10-day average is 3.53 million shares, with the 3-month average coming to 1.92 million.

TransCode Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended RNAZ as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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TransCode Therapeutics Inc (NASDAQ:RNAZ) trade information

Instantly RNAZ has been showing red trend so far today with a performance of -14.91% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.6782 on recent trading dayincreased the stock’s daily price by 32.17%. The company’s shares are currently down -93.02% year-to-date, but still down -5.19% over the last five days. On the other hand, TransCode Therapeutics Inc (NASDAQ:RNAZ) is 79.89% up in the 30-day period. We can see from the shorts that 0.9 million shares have been sold at a short interest cover period of 0.77 day(s).

TransCode Therapeutics Inc (RNAZ) estimates and forecasts

TransCode Therapeutics 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 fallen -28.16 percent over the past six months and at a 98.01% annual growth rate that is well above the industry average of 19.30%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -28.81%.

RNAZ Dividends

TransCode Therapeutics Inc’s next quarterly earnings report is expected to be released on 2024-Aug-14.

TransCode Therapeutics Inc (NASDAQ:RNAZ)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.03% of TransCode Therapeutics Inc shares, and 11.46% of them are in the hands of institutional investors. The stock currently has a share float of 11.47%.

Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 36.71 shares worth $17253.0, making up 0.21% of all outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held roughly 1.09 shares worth around $514.0, which represents about 0.01% of the total shares outstanding.