Gossamer Bio Inc (NASDAQ:GOSS)’s traded shares stood at 2.23 million during the last session, with the company’s beta value hitting 1.90. At the close of trading, the stock’s price was $0.77, to imply a decrease of -5.59% or -$0.05 in intraday trading. The GOSS share’s 52-week high remains $1.60, putting it -107.79% down since that peak but still an impressive 35.06% since price per share fell to its 52-week low of $0.50. The company has a valuation of $174.49M, with an average of 0.92 million shares in intraday trading volume over the past 10 days and average of 840.05K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Gossamer Bio Inc (GOSS), translating to a mean rating of 1.60. Of 10 analyst(s) looking at the stock, 0 analyst(s) give GOSS a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 7 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 -0.17.
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Gossamer Bio Inc (NASDAQ:GOSS) trade information
After registering a -5.59% downside in the last session, Gossamer Bio Inc (GOSS) has traded red over the past five days. The 5-day price performance for the stock is -13.19%, and -20.62% over 30 days. With these gigs, the year-to-date price performance is -15.62%. Short interest in Gossamer Bio Inc (NASDAQ:GOSS) saw shorts transact 6.3 million shares and set a 8.17 days time to cover.
The extremes give us $2 and $5 for target low and target high price respectively. As such, GOSS has been trading -549.35% off suggested target high and -159.74% from its likely low.
Gossamer Bio Inc (GOSS) estimates and forecasts
Looking at statistics comparing Gossamer Bio Inc share performance against respective industry, we note that the company has outperformed competitors. Gossamer Bio Inc (GOSS) shares are 5.48% up over the last 6 months, with its year-to-date growth rate higher than industry average at 76.27% against 16.90%. Revenue is forecast to grow 20.91% this quarter before jumping 2.35% for the next one.
Revenue forecast for the current quarter as set by 8 analysts is 6.83M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 3.56M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.99% for the past 5-year period. While 2024 is set for a 76.28% return in earnings, projections for the next 5 years are at 5.20% annually.
GOSS Dividends
Gossamer Bio 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.
Gossamer Bio Inc (NASDAQ:GOSS)’s Major holders
Gossamer Bio Inc insiders hold 2.95% of total outstanding shares, with institutional holders owning 81.11% of the shares at 83.57% float percentage. In total, 81.11% institutions holds shares in the company, led by NEA MANAGEMENT COMPANY, LLC. As of 2024-06-30, the company held over 18.09 million shares (or 8.0152% of shares), all amounting to roughly $16.3 million.
The next major institution holding the largest number of shares is ARTAL GROUP S.A. with 13.31 million shares, or about 5.8958% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.99 million.
