During the recent session, Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s traded shares were 2.71 million, with the beta value of the company hitting 0.76. At the last check today, the stock’s price was $5.71, reflecting an intraday loss of -0.73% or -$0.04. The 52-week high for the RXRX share is $15.74, that puts it down -175.66 from that peak though still a striking 1.58% gain since the share price plummeted to a 52-week low of $5.62. The company’s market capitalization is $2.22B, and the average intraday trading volume over the past 10 days was 10.18 million shares, and the average trade volume was 5.49 million shares over the past three months.
Recursion Pharmaceuticals Inc (RXRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. RXRX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.41.
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Recursion Pharmaceuticals Inc (NASDAQ:RXRX) trade information
Recursion Pharmaceuticals Inc (RXRX) registered a -0.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.73% in intraday trading to $5.71, hitting a weekly high. The stock’s 5-day price performance is -7.56%, and it has moved by -10.25% in 30 days. Based on these gigs, the overall price performance for the year is -15.81%. The short interest in Recursion Pharmaceuticals Inc (NASDAQ:RXRX) is 62.43 million shares and it means that shorts have 14.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 48.09% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $12 respectively. As a result, RXRX is trading at a discount of -110.16% off the target high and -5.08% off the low.
Recursion Pharmaceuticals Inc (RXRX) estimates and forecasts
Statistics show that Recursion Pharmaceuticals Inc has underperformed its competitors in share price, compared to the industry in which it operates. Recursion Pharmaceuticals Inc (RXRX) shares have gone down -37.69% during the last six months, with a year-to-date growth rate less than the industry average at 0.63% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1.70% this quarter and then drop -23.72% in the quarter after that. In the rating firms’ projections, revenue will increase 57.04% compared to the previous financial year.
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 18.17M as predicted by 7 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 12.97M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.89M and 13.79M respectively. In this case, analysts expect current quarter sales to grow by 66.85% and then drop by -5.94% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -43.41%. While earnings are projected to return 2.32% in 2024, the next five years will return 12.00% per annum.
RXRX Dividends
Recursion Pharmaceuticals 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.
Recursion Pharmaceuticals Inc (NASDAQ:RXRX)’s Major holders
Recursion Pharmaceuticals Inc insiders own 3.30% of total outstanding shares while institutional holders control 68.90%, with the float percentage being 71.25%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 351.0 institutions own stock in it. As of 2024-06-30, the company held over 28.14 million shares (or 11.924% of all shares), a total value of $211.07 million in shares.
The next largest institutional holding, with 26.59 million shares, is of BAILLIE GIFFORD & CO’s that is approximately 11.266% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $199.42 million.
Also, the Mutual Funds coming in first place with the largest holdings of Recursion Pharmaceuticals Inc (RXRX) shares are ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Genomic Revolution ETF. Data provided on Oct 31, 2024 indicates that ARK ETF Tr-ARK Innovation ETF owns about 18.99 shares. This amounts to just over 6.79 percent of the company’s overall shares, with a $108.61 million market value. The same data shows that the other fund manager holds slightly less at 12.82, or about 4.58% of the stock, which is worth about $73.31 million.
