Fulcrum Therapeutics Inc (NASDAQ:FULC) Adds 8.72 Percent In A Week: What Motivates The Stock?

In last trading session, Fulcrum Therapeutics Inc (NASDAQ:FULC) saw 0.5 million shares changing hands with its beta currently measuring 2.11. Company’s recent per share price level of $3.49 trading at $0.01 or 0.29% at ring of the bell on the day assigns it a market valuation of $217.77M. That closing price of FULC’s stock is at a discount of -292.55% from its 52-week high price of $13.70 and is indicating a premium of 17.77% from its 52-week low price of $2.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.74 million shares which gives us an average trading volume of 1.62 million if we extend that period to 3-months.

For Fulcrum Therapeutics Inc (FULC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.62. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.41 in the current quarter.

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Fulcrum Therapeutics Inc (NASDAQ:FULC) trade information

Upright in the green during last session for gaining 0.29%, in the last five days FULC remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $3.49 price level, adding 3.86% to its value on the day. Fulcrum Therapeutics Inc’s shares saw a change of -48.30% in year-to-date performance and have moved 8.72% in past 5-day. Fulcrum Therapeutics Inc (NASDAQ:FULC) showed a performance of 6.73% in past 30-days. Number of shares sold short was 5.52 million shares which calculate 3.59 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 12.75% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 23. It follows that stock’s current price would jump 42.69% in reaching the projected high whereas dropping to the targeted low would mean a gain of 42.69% for stock’s current value.

Fulcrum Therapeutics Inc (FULC) estimates and forecasts

Statistics highlight that Fulcrum Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -53.28% of value to its shares in past 6 months, showing an annual growth rate of 82.39% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2,764.50% from the last financial year’s standing.

Company posted 1.05M and 871k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.09% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 84.83% while estimates for its earnings growth in next 5 years are of 16.40%.

Fulcrum Therapeutics Inc (NASDAQ:FULC)’s Major holders

Insiders are in possession of 1.62% of company’s total shares while institution are holding 93.15 percent of that, with stock having share float percentage of 94.69%. Investors also watch the number of corporate investors in a company very closely, which is 93.15% institutions for Fulcrum Therapeutics Inc that are currently holding shares of the company. RA CAPITAL MANAGEMENT, L.P. is the top institutional holder at FULC for having 11.61 million shares of worth $71.98 million. And as of 2024-06-30, it was holding 18.7302 of the company’s outstanding shares.

The second largest institutional holder is RTW INVESTMENTS, LP, which was holding about 5.85 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4314 of outstanding shares, having a total worth of $36.24 million.