During the last session, Monte Rosa Therapeutics Inc (NASDAQ:GLUE)’s traded shares were 0.37 million, with the beta value of the company hitting 1.27. At the end of the trading day, the stock’s price was $8.49, reflecting an intraday gain of 1.68% or $0.14. The 52-week high for the GLUE share is $12.40, that puts it down -46.05 from that peak though still a striking 65.72% gain since the share price plummeted to a 52-week low of $2.91. The company’s market capitalization is $521.60M, and the average intraday trading volume over the past 10 days was 1.03 million shares, and the average trade volume was 2.18 million shares over the past three months.
Monte Rosa Therapeutics Inc (GLUE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. GLUE has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 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 0.2.
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Monte Rosa Therapeutics Inc (NASDAQ:GLUE) trade information
Monte Rosa Therapeutics Inc (GLUE) registered a 1.68% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.68% in intraday trading to $8.49, hitting a weekly high. The stock’s 5-day price performance is 9.69%, and it has moved by 74.33% in 30 days. Based on these gigs, the overall price performance for the year is 184.90%. The short interest in Monte Rosa Therapeutics Inc (NASDAQ:GLUE) is 7.84 million shares and it means that shorts have 1.65 day(s) to cover.
Monte Rosa Therapeutics Inc (GLUE) estimates and forecasts
Statistics show that Monte Rosa Therapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. Monte Rosa Therapeutics Inc (GLUE) shares have gone up 104.09% during the last six months, with a year-to-date growth rate more than the industry average at 43.35% against 17.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 133.64% this quarter and then jump 25.94% 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 51.19M as predicted by 7 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 6.1M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -96.71%. While earnings are projected to return 61.76% in 2024.
GLUE Dividends
Monte Rosa Therapeutics 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.
Monte Rosa Therapeutics Inc (NASDAQ:GLUE)’s Major holders
Monte Rosa Therapeutics Inc insiders own 0.70% of total outstanding shares while institutional holders control 90.67%, with the float percentage being 91.31%. NEA MANAGEMENT COMPANY, LLC is the largest shareholder of the company, while 123.0 institutions own stock in it. As of 2024-06-30, the company held over 7.69 million shares (or 12.7872% of all shares), a total value of $28.77 million in shares.
The next largest institutional holding, with 5.98 million shares, is of PRICE T ROWE ASSOCIATES INC /MD/’s that is approximately 9.9368% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.36 million.
Also, the Mutual Funds coming in first place with the largest holdings of Monte Rosa Therapeutics Inc (GLUE) shares are Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund . Data provided on Jun 30, 2024 indicates that Price (T.Rowe) New Horizons Fund owns about 3.42 shares. This amounts to just over 5.56 percent of the company’s overall shares, with a $29.02 million market value. The same data shows that the other fund manager holds slightly less at 1.35, or about 2.20% of the stock, which is worth about $11.46 million.
