During the last session, Spyre Therapeutics Inc (NASDAQ:SYRE)’s traded shares were 0.39 million, with the beta value of the company hitting 2.91. At the end of the trading day, the stock’s price was $33.98, reflecting an intraday gain of 4.46% or $1.45. The 52-week high for the SYRE share is $47.97, that puts it down -41.17 from that peak though still a striking 75.19% gain since the share price plummeted to a 52-week low of $8.43. The company’s market capitalization is $1.73B, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 471.29K shares over the past three months.
Spyre Therapeutics Inc (SYRE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.11. SYRE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.82.
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Spyre Therapeutics Inc (NASDAQ:SYRE) trade information
Spyre Therapeutics Inc (SYRE) registered a 4.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.46% in intraday trading to $33.98, hitting a weekly high. The stock’s 5-day price performance is -2.38%, and it has moved by 19.77% in 30 days. Based on these gigs, the overall price performance for the year is 197.29%. The short interest in Spyre Therapeutics Inc (NASDAQ:SYRE) is 8.41 million shares and it means that shorts have 13.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 15.05% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $50 respectively. As a result, SYRE is trading at a discount of -47.15% off the target high and -17.72% off the low.
Spyre Therapeutics Inc (SYRE) estimates and forecasts
Statistics show that Spyre Therapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. Spyre Therapeutics Inc (SYRE) shares have gone down -5.03% during the last six months, with a year-to-date growth rate more than the industry average at 86.06% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 91.20% this quarter and then jump 81.20% in the quarter after that. In the rating firms’ projections, revenue will increase 295.00% compared to the previous financial year.
Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 3.5M 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 grew an estimated 1.60%. While earnings are projected to return 92.00% in 2024.
SYRE Dividends
Spyre Therapeutics 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.
The next largest institutional holding, with 3.26 million shares, is of RTW INVESTMENTS, LP’s that is approximately 7.1903% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $76.6 million.
