During the last session, Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s traded shares were 4.46 million, with the beta value of the company hitting 0.80. At the end of the trading day, the stock’s price was $6.68, reflecting an intraday loss of -0.89% or -$0.06. The 52-week high for the RXRX share is $15.74, that puts it down -135.63 from that peak though still a striking 25.6% gain since the share price plummeted to a 52-week low of $4.97. The company’s market capitalization is $1.95B, and the average intraday trading volume over the past 10 days was 3.72 million shares, and the average trade volume was 4.87 million shares over the past three months.
Recursion Pharmaceuticals Inc (RXRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. RXRX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.35.
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Recursion Pharmaceuticals Inc (NASDAQ:RXRX) trade information
Recursion Pharmaceuticals Inc (RXRX) registered a -0.89% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.89% in intraday trading to $6.68, hitting a weekly high. The stock’s 5-day price performance is 5.53%, and it has moved by 8.27% in 30 days. Based on these gigs, the overall price performance for the year is 25.80%. The short interest in Recursion Pharmaceuticals Inc (NASDAQ:RXRX) is 59.44 million shares and it means that shorts have 11.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 39.27% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $12 respectively. As a result, RXRX is trading at a discount of -79.64% off the target high and 10.18% off the low.
Recursion Pharmaceuticals Inc (RXRX) estimates and forecasts
Statistics show that Recursion Pharmaceuticals Inc has underperformed its competitors in share price, compared to the industry in which it operates. Recursion Pharmaceuticals Inc (RXRX) shares have gone down -19.90% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 18.60% this quarter and then drop -11.90% in the quarter after that. In the rating firms’ projections, revenue will increase 54.80% 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 29.84M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 14.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.53M and 10.89M respectively. In this case, analysts expect current quarter sales to grow by 183.30% and then jump by 34.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -43.41%. While earnings are projected to return 1.11% in 2024, the next five years will return 12.00% per annum.
RXRX Dividends
Recursion Pharmaceuticals Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s Major holders
Recursion Pharmaceuticals Inc insiders own 4.44% of total outstanding shares while institutional holders control 90.06%, with the float percentage being 94.25%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 359.0 institutions own stock in it. As of 2024-06-30, the company held over 28.14 million shares (or 11.924% of all shares), a total value of $211.07 million in shares.
The next largest institutional holding, with 26.59 million shares, is of BAILLIE GIFFORD & CO’s that is approximately 11.266% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $199.42 million.
