Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s traded shares stood at 6.54 million during the last session, with the company’s beta value hitting 0.87. At the close of trading, the stock’s price was $7.32, to imply a decrease of -3.43% or -$0.26 in intraday trading. The RXRX share’s 52-week high remains $15.74, putting it -115.03% down since that peak but still an impressive 28.69% since price per share fell to its 52-week low of $5.22. The company has a valuation of $2.10B, with an average of 6.29 million shares in intraday trading volume over the past 10 days and average of 4.93 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Recursion Pharmaceuticals Inc (RXRX), translating to a mean rating of 2.50. Of 3 analyst(s) looking at the stock, 0 analyst(s) give RXRX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 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 -0.35.
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Recursion Pharmaceuticals Inc (NASDAQ:RXRX) trade information
After registering a -3.43% downside in the last session, Recursion Pharmaceuticals Inc (RXRX) has traded red over the past five days. The 5-day price performance for the stock is 5.02%, and 9.75% over 30 days. With these gigs, the year-to-date price performance is -25.76%. Short interest in Recursion Pharmaceuticals Inc (NASDAQ:RXRX) saw shorts transact 62.43 million shares and set a 14.8 days time to cover.
The extremes give us $6 and $12 for target low and target high price respectively. As such, RXRX has been trading -63.93% off suggested target high and 18.03% from its likely low.
Recursion Pharmaceuticals Inc (RXRX) estimates and forecasts
Looking at statistics comparing Recursion Pharmaceuticals Inc share performance against respective industry, we note that the company has underperformed competitors. Recursion Pharmaceuticals Inc (RXRX) shares are -26.87% down over the last 6 months, with its year-to-date growth rate lower than industry average at 1.27% against 16.40%. Revenue is forecast to grow 15.71% this quarter before falling -23.72% for the next one. The rating firms project that company’s revenue will grow 59.95% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 17.04M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 12.97M.Earnings reports from the last fiscal year show that sales brought in 10.89M and 13.79M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 56.46% before dropping -5.94% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -43.41% for the past 5-year period. While 2024 is set for a 1.97% return in earnings, projections for the next 5 years are at 12.00% annually.
RXRX Dividends
Recursion Pharmaceuticals Inc 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.
Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s Major holders
Recursion Pharmaceuticals Inc insiders hold 4.51% of total outstanding shares, with institutional holders owning 93.46% of the shares at 97.88% float percentage. In total, 93.46% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 28.14 million shares (or 11.924% of shares), all amounting to roughly $211.07 million.
The next major institution holding the largest number of shares is BAILLIE GIFFORD & CO with 26.59 million shares, or about 11.266% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $199.42 million.
