In the last trading session, 1.13 million shares of the Gossamer Bio Inc (NASDAQ:GOSS) were traded, and its beta was 1.90. Most recently the company’s share price was $0.71, and it changed around -$0.01 or -0.74% from the last close, which brings the market valuation of the company to $161.98M. GOSS currently trades at a discount to its 52-week high of $1.60, offering almost -125.35% off that amount. The share price’s 52-week low was $0.50, which indicates that the current value has risen by an impressive 29.58% since then. We note from Gossamer Bio Inc’s average daily trading volume that its 10-day average is 0.99 million shares, with the 3-month average coming to 860.39K.
Gossamer Bio Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended GOSS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Gossamer Bio Inc is expected to report earnings per share of -0.18 for the current quarter.
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Gossamer Bio Inc (NASDAQ:GOSS) trade information
Instantly GOSS has showed a red trend with a performance of -0.74% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.8771 on recent trading dayincreased the stock’s daily price by 19.05%. The company’s shares are currently down -21.67% year-to-date, but still down -15.69% over the last five days. On the other hand, Gossamer Bio Inc (NASDAQ:GOSS) is -22.39% down in the 30-day period. We can see from the shorts that 6.3 million shares have been sold at a short interest cover period of 8.17 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 82.25% from its current value. Analyst projections state that GOSS is forecast to be at a low of $2 and a high of $5.
Gossamer Bio Inc (GOSS) estimates and forecasts
Gossamer Bio Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 6.69 percent over the past six months and at a 76.27% annual growth rate that is well above the industry average of 17.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 15.79% in revenue this quarter, and will report an increase of 2.35% in the next quarter.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 6.83M in revenue for the current quarter. 5 analysts expect Gossamer Bio Inc to make 3.56M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at ∞%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.99%. Gossamer Bio Inc earnings are expected to increase by 76.28% in 2024, but the outlook is positive 5.20% per year for the next five years.
GOSS Dividends
Gossamer Bio Inc’s next quarterly earnings report is expected to be released in December.
Gossamer Bio Inc (NASDAQ:GOSS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.95% of Gossamer Bio Inc shares, and 77.46% of them are in the hands of institutional investors. The stock currently has a share float of 79.81%. Gossamer Bio Inc stock is held by 111.0 institutions, with NEA MANAGEMENT COMPANY, LLC being the largest institutional investor. By 2024-06-30, it held 8.0152% of the shares, which is about 18.09 million shares worth $16.3 million.
ARTAL GROUP S.A., with 5.8958% or 13.31 million shares worth $11.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
