In last trading session, Gossamer Bio Inc (NASDAQ:GOSS) saw 0.52 million shares changing hands with its beta currently measuring 1.87. Company’s recent per share price level of $0.71 trading at $0.01 or 1.90% at ring of the bell on the day assigns it a market valuation of $162.02M. That closing price of GOSS’s stock is at a discount of -125.35% from its 52-week high price of $1.60 and is indicating a premium of 29.58% from its 52-week low price of $0.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.26 million shares which gives us an average trading volume of 919.97K if we extend that period to 3-months.
For Gossamer Bio Inc (GOSS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.17 in the current quarter.
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Gossamer Bio Inc (NASDAQ:GOSS) trade information
Upright in the green during last session for gaining 1.90%, in the last five days GOSS remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $0.71 price level, adding 4.05% to its value on the day. Gossamer Bio Inc’s shares saw a change of -21.64% in year-to-date performance and have moved 7.58% in past 5-day. Gossamer Bio Inc (NASDAQ:GOSS) showed a performance of -20.20% in past 30-days. Number of shares sold short was 6.53 million shares which calculate 7.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 82.25% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -181.69% in reaching the projected high whereas dropping to the targeted low would mean a loss of -181.69% for stock’s current value.
Gossamer Bio Inc (GOSS) estimates and forecasts
Statistics highlight that Gossamer Bio Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 21.19% of value to its shares in past 6 months, showing an annual growth rate of 76.27% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 6.83M for the same. And 5 analysts are in estimates of company making revenue of 3.56M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.99% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 76.28% while estimates for its earnings growth in next 5 years are of 5.20%.
Gossamer Bio Inc (NASDAQ:GOSS)’s Major holders
Insiders are in possession of 3.33% of company’s total shares while institution are holding 77.46 percent of that, with stock having share float percentage of 80.13%. Investors also watch the number of corporate investors in a company very closely, which is 77.46% institutions for Gossamer Bio Inc that are currently holding shares of the company. NEA MANAGEMENT COMPANY, LLC is the top institutional holder at GOSS for having 18.09 million shares of worth $16.3 million. And as of 2024-06-30, it was holding 8.0152 of the company’s outstanding shares.
The second largest institutional holder is ARTAL GROUP S.A., which was holding about 13.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8958 of outstanding shares, having a total worth of $11.99 million.
On the other hand, Fidelity Select Portfolios – Biotechnology and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 7.91 shares of worth $5.53 million or 3.49% of the total outstanding shares. The later fund manager was in possession of 7.84 shares on Jun 30, 2024 , making its stake of worth around $5.47 million in the company or a holder of 3.46% of company’s stock.
