Now Is The Time To Build A Position In ProQR Therapeutics N.V (NASDAQ:PRQR)

ProQR Therapeutics N.V (NASDAQ:PRQR)’s traded shares stood at 1.3 million during the last session, with the company’s beta value hitting 0.24. At the close of trading, the stock’s price was $3.96, to imply a decrease of -0.50% or -$0.02 in intraday trading. The PRQR share’s 52-week high remains $4.62, putting it -16.67% down since that peak but still an impressive 70.2% since price per share fell to its 52-week low of $1.18. The company has a valuation of $408.69M, with an average of 0.61 million shares in intraday trading volume over the past 10 days and average of 1.31 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for ProQR Therapeutics N.V (PRQR), translating to a mean rating of 1.33. Of 5 analyst(s) looking at the stock, 0 analyst(s) give PRQR a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.1.

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ProQR Therapeutics N.V (NASDAQ:PRQR) trade information

After registering a -0.50% downside in the last session, ProQR Therapeutics N.V (PRQR) has traded red over the past five days. The 5-day price performance for the stock is 8.79%, and 118.78% over 30 days. With these gigs, the year-to-date price performance is 100.00%. Short interest in ProQR Therapeutics N.V (NASDAQ:PRQR) saw shorts transact 0.68 million shares and set a 0.21 days time to cover.

The extremes give us $2 and $5 for target low and target high price respectively. As such, PRQR has been trading -26.26% off suggested target high and 49.49% from its likely low.

ProQR Therapeutics N.V (PRQR) estimates and forecasts

Looking at statistics comparing ProQR Therapeutics N.V share performance against respective industry, we note that the company has underperformed competitors. ProQR Therapeutics N.V (PRQR) shares are 107.33% up over the last 6 months, with its year-to-date growth rate lower than industry average at 10.53% against 17.10%. Revenue is forecast to shrink -25.00% this quarter before jumping 10.00% for the next one. The rating firms project that company’s revenue will grow 168.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is 5.5M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 8.92M.Earnings reports from the last fiscal year show that sales brought in 6.75M and 3.37M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -18.50% before jumping 164.70% in the following quarter.

PRQR Dividends

ProQR Therapeutics N.V has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is ADAGE CAPITAL PARTNERS GP, L.L.C. with 3.63 million shares, or about 4.4446% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.02 million.