Neumora Therapeutics Inc (NASDAQ:NMRA) Rises 2.44%, But An Additional Surge May Follow.

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In last trading session, Neumora Therapeutics Inc (NASDAQ:NMRA) saw 1.08 million shares changing hands with its beta currently measuring 4.01. Company’s recent per share price level of $13.02 trading at $0.31 or 2.44% at ring of the bell on the day assigns it a market valuation of $2.08B. That closing price of NMRA’s stock is at a discount of -61.29% from its 52-week high price of $21.00 and is indicating a premium of 36.02% from its 52-week low price of $8.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.17 million shares which gives us an average trading volume of 913.48K if we extend that period to 3-months.

For Neumora Therapeutics Inc (NMRA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.22. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.39 in the current quarter.

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Neumora Therapeutics Inc (NASDAQ:NMRA) trade information

Upright in the green during last session for gaining 2.44%, in the last five days NMRA remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $13.02 price level, adding 2.18% to its value on the day. Neumora Therapeutics Inc’s shares saw a change of -23.64% in year-to-date performance and have moved 13.71% in past 5-day. Neumora Therapeutics Inc (NASDAQ:NMRA) showed a performance of -9.01% in past 30-days. Number of shares sold short was 9.01 million shares which calculate 7.62 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 24.5 to the stock, which implies a rise of 46.86% to its current value. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 29. It follows that stock’s current price would drop -53.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -53.61% for stock’s current value.

Neumora Therapeutics Inc (NMRA) estimates and forecasts

Statistics highlight that Neumora Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 33.27% of value to its shares in past 6 months, showing an annual growth rate of 59.23% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Neumora Therapeutics Inc (NASDAQ:NMRA)’s Major holders

Insiders are in possession of 28.00% of company’s total shares while institution are holding 61.93 percent of that, with stock having share float percentage of 86.01%. Investors also watch the number of corporate investors in a company very closely, which is 61.93% institutions for Neumora Therapeutics Inc that are currently holding shares of the company.