uniQure N.V. (NASDAQ: QURE): Get Ready For The Next Few Months

In the last trading session, 1.79 million shares of the uniQure N.V. (NASDAQ:QURE) were traded, and its beta was 0.91. Most recently the company’s share price was $5.92, and it changed around $0.59 or 11.07% from the last close, which brings the market valuation of the company to $288.30M. QURE currently trades at a discount to its 52-week high of $11.35, offering almost -91.72% off that amount. The share price’s 52-week low was $3.73, which indicates that the current value has risen by an impressive 36.99% since then. We note from uniQure N.V.’s average daily trading volume that its 10-day average is 0.96 million shares, with the 3-month average coming to 2.81 million.

uniQure N.V. stock received a consensus recommendation rating of Overweight, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended QURE as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. uniQure N.V. is expected to report earnings per share of -1.0 for the current quarter.

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uniQure N.V. (NASDAQ:QURE) trade information

Instantly QURE has showed a green trend with a performance of 11.07% 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 6.15 on recent trading dayincreased the stock’s daily price by 3.74%. The company’s shares are currently down -12.56% year-to-date, but still up 28.14% over the last five days. On the other hand, uniQure N.V. (NASDAQ:QURE) is 10.24% up in the 30-day period. We can see from the shorts that 4.27 million shares have been sold at a short interest cover period of 8.91 day(s).

The consensus price target as assigned by Wall Street analysts is $57.5, which translates to bulls needing to increase their stock price by 89.7% from its current value. Analyst projections state that QURE is forecast to be at a low of $34 and a high of $62.

uniQure N.V. (QURE) estimates and forecasts

uniQure N.V. 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 13.85 percent over the past six months and at a 37.56% 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 46.80% in revenue this quarter, and will report an increase of 49.00% in the next quarter. The year-over-year growth rate is expected to be 182.00%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 7.1M in revenue for the current quarter. 9 analysts expect uniQure N.V. to make 19.06M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 184.90%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.59%.

QURE Dividends

uniQure N.V.’s next quarterly earnings report is expected to be released in November.

uniQure N.V. (NASDAQ:QURE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.33% of uniQure N.V. shares, and 73.19% of them are in the hands of institutional investors. The stock currently has a share float of 76.50%. uniQure N.V. stock is held by 153.0 institutions, with VESTAL POINT CAPITAL, LP being the largest institutional investor. By 2024-06-30, it held 9.8172% of the shares, which is about 4.75 million shares worth $21.28 million.

NANTAHALA CAPITAL MANAGEMENT, LLC, with 5.4779% or 2.65 million shares worth $11.87 million as of 2024-06-30, holds the second largest percentage of outstanding shares.