Inozyme Pharma Inc (NASDAQ:INZY) Is Now 32.59% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, Inozyme Pharma Inc (NASDAQ:INZY) saw 0.32 million shares changing hands with its beta currently measuring 1.51. Company’s recent per share price level of $4.02 trading at -$0.08 or -1.95% at ring of the bell on the day assigns it a market valuation of $258.24M. That closing price of INZY’s stock is at a discount of -94.03% from its 52-week high price of $7.80 and is indicating a premium of 32.59% from its 52-week low price of $2.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.32 million shares which gives us an average trading volume of 262.11K if we extend that period to 3-months.

For Inozyme Pharma Inc (INZY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 6 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 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.42 in the current quarter.

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Inozyme Pharma Inc (NASDAQ:INZY) trade information

Upright in the red during last session for losing -1.95%, in the last five days INZY remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $4.02 price level, adding 15.19% to its value on the day. Inozyme Pharma Inc’s shares saw a change of -5.63% in year-to-date performance and have moved -7.80% in past 5-day. Inozyme Pharma Inc (NASDAQ:INZY) showed a performance of -18.46% in past 30-days. Number of shares sold short was 3.21 million shares which calculate 16.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 71.29% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -248.26% in reaching the projected high whereas dropping to the targeted low would mean a loss of -248.26% for stock’s current value.

Inozyme Pharma Inc (INZY) estimates and forecasts

Statistics highlight that Inozyme Pharma Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -11.45% of value to its shares in past 6 months, showing an annual growth rate of -18.25% while that of industry is 16.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 -35.73% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -17.36% while estimates for its earnings growth in next 5 years are of 13.10%.

Inozyme Pharma Inc (NASDAQ:INZY)’s Major holders

Insiders are in possession of 0.51% of company’s total shares while institution are holding 95.60 percent of that, with stock having share float percentage of 96.08%. Investors also watch the number of corporate investors in a company very closely, which is 95.60% institutions for Inozyme Pharma Inc that are currently holding shares of the company. ADAGE CAPITAL PARTNERS GP, L.L.C. is the top institutional holder at INZY for having 5.73 million shares of worth $25.55 million. And as of 2024-06-30, it was holding 9.2742 of the company’s outstanding shares.

The second largest institutional holder is PIVOTAL BIOVENTURE PARTNERS INVESTMENT ADVISOR LLC, which was holding about 4.49 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.2765 of outstanding shares, having a total worth of $20.05 million.