uniQure N.V. (NASDAQ: QURE) Is Likely To Grow By 90.17% Or More

During the last session, uniQure N.V. (NASDAQ:QURE)’s traded shares were 0.58 million, with the beta value of the company hitting 0.92. At the end of the trading day, the stock’s price was $5.65, reflecting an intraday gain of 4.24% or $0.23. The 52-week high for the QURE share is $11.35, that puts it down -100.88 from that peak though still a striking 33.98% gain since the share price plummeted to a 52-week low of $3.73. The company’s market capitalization is $275.16M, and the average intraday trading volume over the past 10 days was 0.98 million shares, and the average trade volume was 1.11 million shares over the past three months.

uniQure N.V. (QURE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.69. QURE has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.0.

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

The stock spiked 4.24% in intraday trading to $5.65, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by 1.99% in 30 days. Based on these gigs, the overall price performance for the year is -18.23%. The short interest in uniQure N.V. (NASDAQ:QURE) is 5.26 million shares and it means that shorts have 11.03 day(s) to cover.

The consensus price target of analysts on Wall Street is $57.5, which implies an increase of 90.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $34 and $62 respectively. As a result, QURE is trading at a discount of -997.35% off the target high and -501.77% off the low.

uniQure N.V. (QURE) estimates and forecasts

Statistics show that uniQure N.V. has outperformed its competitors in share price, compared to the industry in which it operates. uniQure N.V. (QURE) shares have gone up 18.20% during the last six months, with a year-to-date growth rate more than the industry average at 37.56% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 46.80% this quarter and then jump 49.00% in the quarter after that. In the rating firms’ projections, revenue will increase 182.00% compared to the previous financial year.

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 7.1M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 19.06M 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 -22.59%. While earnings are projected to return 32.55% in 2024.

QURE Dividends

uniQure N.V. is due to release its next quarterly earnings on 2024-Aug-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

uniQure N.V. insiders own 4.33% of total outstanding shares while institutional holders control 73.19%, with the float percentage being 76.51%. VESTAL POINT CAPITAL, LP is the largest shareholder of the company, while 153.0 institutions own stock in it. As of 2024-06-30, the company held over 4.75 million shares (or 9.8172% of all shares), a total value of $21.28 million in shares.

The next largest institutional holding, with 2.65 million shares, is of NANTAHALA CAPITAL MANAGEMENT, LLC’s that is approximately 5.4779% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.87 million.

Also, the Mutual Funds coming in first place with the largest holdings of uniQure N.V. (QURE) shares are Vanguard Extended Market Index Fund and Delaware Group Equity Fds IV-Delaware Healthcare Fund . Data provided on Jun 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 717.32 shares. This amounts to just over 1.47 percent of the company’s overall shares, with a $4.05 million market value. The same data shows that the other fund manager holds slightly less at 706.17, or about 1.45% of the stock, which is worth about $3.99 million.