Humacyte Inc (HUMA) Is A Buy According To Analysts

Humacyte Inc (NASDAQ:HUMA) has a beta value of 1.47 and has seen 3.18 million shares traded in the last trading session. The company, currently valued at $720.32M, closed the last trade at $5.39 per share which meant it gained $0.34 on the day or 6.73% during that session. The HUMA stock price is -84.97% off its 52-week high price of $9.97 and 63.64% above the 52-week low of $1.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.72 million shares traded. The 3-month trading volume is 2.98 million shares.

The consensus among analysts is that Humacyte Inc (HUMA) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.25.

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Humacyte Inc (NASDAQ:HUMA) trade information

Sporting 6.73% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HUMA stock price touched $5.39 or saw a rise of 4.26%. Year-to-date, Humacyte Inc shares have moved 89.79%, while the 5-day performance has seen it change -3.58%. Over the past 30 days, the shares of Humacyte Inc (NASDAQ:HUMA) have changed 2.08%. Short interest in the company has seen 16.68 million shares shorted with days to cover at 6.18.

Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 10.17% from current levels. The projected low price target is $5.0 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -85.53% off the targeted high while a plunge would see the stock lose 7.24% from current levels.

Humacyte Inc (HUMA) estimates and forecasts

Figures show that Humacyte Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 22.22% over the past 6 months, with this year growth rate of -1.87%, compared to 17.50% for the industry.

5 have an estimated revenue figure of 420k for the next ending quarter.

HUMA Dividends

Humacyte Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Humacyte Inc (NASDAQ:HUMA)’s Major holders

Insiders own 27.91% of the company shares, while shares held by institutions stand at 25.58% with a share float percentage of 35.48%. Investors are also buoyed by the number of investors in a company, with Humacyte Inc having a total of 174.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 7.14 million shares worth more than $34.27 million. As of 2024-06-30, BLACKROCK INC. held 6.5961% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.73 million shares as of 2024-06-30. The firm’s total holdings are worth over $22.7 million and represent 4.3693% of shares outstanding.