During the last session, Humacyte Inc (NASDAQ:HUMA)’s traded shares were 0.9 million, with the beta value of the company hitting 1.42. At the end of the trading day, the stock’s price was $4.40, reflecting an intraday loss of -0.23% or -$0.01. The 52-week high for the HUMA share is $9.97, that puts it down -126.59 from that peak though still a striking 44.77% gain since the share price plummeted to a 52-week low of $2.43. The company’s market capitalization is $566.14M, and the average intraday trading volume over the past 10 days was 3.86 million shares, and the average trade volume was 2.98 million shares over the past three months.
Humacyte Inc (HUMA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.29. HUMA has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.25.
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Humacyte Inc (NASDAQ:HUMA) trade information
Humacyte Inc (HUMA) registered a -0.23% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.23% in intraday trading to $4.40, hitting a weekly high. The stock’s 5-day price performance is -9.09%, and it has moved by -23.08% in 30 days. Based on these gigs, the overall price performance for the year is 80.33%. The short interest in Humacyte Inc (NASDAQ:HUMA) is 17.25 million shares and it means that shorts have 5.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 26.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $10 respectively. As a result, HUMA is trading at a discount of -127.27% off the target high and -13.64% off the low.
Humacyte Inc (HUMA) estimates and forecasts
Statistics show that Humacyte Inc has underperformed its competitors in share price, compared to the industry in which it operates. Humacyte Inc (HUMA) shares have gone down -38.97% during the last six months, with a year-to-date growth rate less than the industry average at -18.69% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1.39% this quarter and then jump 0.87% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 214.29k as predicted by 7 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 2.58M by the end of current fiscal year.
While earnings are projected to return -22.03% in 2024.
HUMA Dividends
Humacyte Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Humacyte Inc (NASDAQ:HUMA)’s Major holders
Humacyte Inc insiders own 28.46% of total outstanding shares while institutional holders control 30.01%, with the float percentage being 41.94%. BLACKROCK INC. is the largest shareholder of the company, while 193.0 institutions own stock in it. As of 2024-06-30, the company held over 7.14 million shares (or 6.5961% of all shares), a total value of $34.27 million in shares.
The next largest institutional holding, with 4.73 million shares, is of VANGUARD GROUP INC’s that is approximately 4.3693% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.7 million.
Also, the Mutual Funds coming in first place with the largest holdings of Humacyte Inc (HUMA) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF owns about 2.78 shares. This amounts to just over 2.21 percent of the company’s overall shares, with a $12.32 million market value. The same data shows that the other fund manager holds slightly less at 2.39, or about 1.90% of the stock, which is worth about $10.58 million.
