As The Stock Falls By -88.42% Year-To-Date, TransCode Therapeutics Inc (NASDAQ: RNAZ)’S Stock Continues To Progress In 2024

During the recent session, TransCode Therapeutics Inc (NASDAQ:RNAZ)’s traded shares were 1.13 million, with the beta value of the company hitting 0.61. At the last check today, the stock’s price was $0.76, reflecting an intraday gain of 4.63% or $0.03. The 52-week high for the RNAZ share is $21.20, that puts it down -2689.47 from that peak though still a striking 71.05% gain since the share price plummeted to a 52-week low of $0.22. The company’s market capitalization is $13.18M, and the average intraday trading volume over the past 10 days was 2.39 million shares, and the average trade volume was 2.08 million shares over the past three months.

TransCode Therapeutics Inc (NASDAQ:RNAZ) trade information

TransCode Therapeutics Inc (RNAZ) registered a 4.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.63% in intraday trading to $0.76, hitting a weekly high. The stock’s 5-day price performance is 29.51%, and it has moved by 201.66% in 30 days. Based on these gigs, the overall price performance for the year is -95.85%. The short interest in TransCode Therapeutics Inc (NASDAQ:RNAZ) is 1.38 million shares and it means that shorts have 0.45 day(s) to cover.

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TransCode Therapeutics Inc (RNAZ) estimates and forecasts

Statistics show that TransCode Therapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. TransCode Therapeutics Inc (RNAZ) shares have gone up 22.84% during the last six months, with a year-to-date growth rate more than the industry average at 98.01% against 19.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 99.30% this quarter and then jump 99.20% in the quarter after that.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 300k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 300k by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.81%. While earnings are projected to return 98.01% in 2024.

RNAZ Dividends

TransCode Therapeutics Inc is due to release its next quarterly earnings on 2024-Aug-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

TransCode Therapeutics Inc insiders own 0.03% of total outstanding shares while institutional holders control 11.46%, with the float percentage being 11.47%.