In the last trading session, 1.14 million Relay Therapeutics Inc (NASDAQ:RLAY) shares changed hands as the company’s beta touched 1.69. With the company’s per share price at $5.94 changed hands at -$0.22 or -3.57% during last session, the market valuation stood at $994.26M. RLAY’s last price was a discount, traded about -104.38% off its 52-week high of $12.14. The share price had its 52-week low at $5.60, which suggests the last value was 5.72% up since then. When we look at Relay Therapeutics Inc’s average trading volume, we note the 10-day average is 1.31 million shares, with the 3-month average coming to 1.97 million.
Analysts gave the Relay Therapeutics Inc (RLAY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.23. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended RLAY as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
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Relay Therapeutics Inc (NASDAQ:RLAY) trade information
Instantly RLAY was in red as seen at the end of in last trading. With action -0.17%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -46.05%, with the 5-day performance at -0.17% in the red. However, in the 30-day time frame, Relay Therapeutics Inc (NASDAQ:RLAY) is -12.00% down. Looking at the short shares, we see there were 11.86 million shares sold at short interest cover period of 6.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 68.74% from its current market value. According to analyst projections, RLAY’s forecast low is 16 with 25 as the target high. To hit the forecast high, the stock’s price needs a -320.88% plunge from its current level, while the stock would need to soar -169.36% for it to hit the projected low.
Relay Therapeutics Inc (RLAY) estimates and forecasts
Data shows that the Relay Therapeutics Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.60% over the past 6 months, a 5.73% in annual growth rate that is considerably lower than the industry average of 17.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -38.74%. The 2024 estimates are for Relay Therapeutics Inc earnings to increase by 8.22%.
RLAY Dividends
Relay Therapeutics Inc is expected to release its next quarterly earnings report in December.
Relay Therapeutics Inc (NASDAQ:RLAY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.71% of Relay Therapeutics Inc shares while 79.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.87%. There are 79.48% institutions holding the Relay Therapeutics Inc stock share, with SB INVESTMENT ADVISERS (UK) LTD the top institutional holder. As of 2024-06-30, the company held 21.0093% of the shares, roughly 27.9 million RLAY shares worth $181.94 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.8125% or 11.7 million shares worth $76.32 million as of 2024-06-30.
