In the last trading session, 1.25 million shares of the Monte Rosa Therapeutics Inc (NASDAQ:GLUE) were traded, and its beta was 1.26. Most recently the company’s share price was $8.31, and it changed around $0.77 or 10.21% from the last close, which brings the market valuation of the company to $510.54M. GLUE currently trades at a discount to its 52-week high of $12.40, offering almost -49.22% off that amount. The share price’s 52-week low was $2.91, which indicates that the current value has risen by an impressive 64.98% since then. We note from Monte Rosa Therapeutics Inc’s average daily trading volume that its 10-day average is 1.04 million shares, with the 3-month average coming to 2.15 million.
Monte Rosa Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended GLUE as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Monte Rosa Therapeutics Inc is expected to report earnings per share of 0.2 for the current quarter.
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Monte Rosa Therapeutics Inc (NASDAQ:GLUE) trade information
Instantly GLUE has showed a green trend with a performance of 10.21% 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 9.60 on recent trading dayincreased the stock’s daily price by 13.44%. The company’s shares are currently up 47.08% year-to-date, but still down -8.98% over the last five days. On the other hand, Monte Rosa Therapeutics Inc (NASDAQ:GLUE) is 52.48% up in the 30-day period. We can see from the shorts that 7.84 million shares have been sold at a short interest cover period of 1.65 day(s).
Monte Rosa Therapeutics Inc (GLUE) estimates and forecasts
Monte Rosa Therapeutics 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 93.48 percent over the past six months and at a 43.35% 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 133.64% in revenue this quarter, and will report an increase of 25.94% in the next quarter.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 51.19M in revenue for the current quarter. 4 analysts expect Monte Rosa Therapeutics Inc to make 6.1M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 473.31%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -96.71%.
GLUE Dividends
Monte Rosa Therapeutics Inc’s next quarterly earnings report is expected to be released in December.
Monte Rosa Therapeutics Inc (NASDAQ:GLUE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.70% of Monte Rosa Therapeutics Inc shares, and 90.67% of them are in the hands of institutional investors. The stock currently has a share float of 91.31%. Monte Rosa Therapeutics Inc stock is held by 123.0 institutions, with NEA MANAGEMENT COMPANY, LLC being the largest institutional investor. By 2024-06-30, it held 12.7872% of the shares, which is about 7.69 million shares worth $28.77 million.
PRICE T ROWE ASSOCIATES INC /MD/, with 9.9368% or 5.98 million shares worth $22.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 3.42 shares worth $28.41 million, making up 5.56% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.35 shares worth around $11.22 million, which represents about 2.20% of the total shares outstanding.
