In the latest trading session, 4.58 million Janux Therapeutics Inc (NASDAQ:JANX) shares changed hands as the company’s beta touched 3.30. With the company’s most recent per share price at $62.94 changing hands around $22.76 or 56.65% at last look, the market valuation stands at $3.30B. JANX’s current price is a discount, trading about -4.23% off its 52-week high of $65.60. The share price had its 52-week low at $7.79, which suggests the last value was 87.62% up since then. When we look at Janux Therapeutics Inc’s average trading volume, we note the 10-day average is 0.89 million shares, with the 3-month average coming to 688.23K.
Analysts gave the Janux Therapeutics Inc (JANX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.15. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended JANX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Janux Therapeutics Inc’s EPS for the current quarter is expected to be -0.43.
Janux Therapeutics Inc (NASDAQ:JANX) trade information
Instantly JANX is in green as seen in intraday trades today. With action 28.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 486.58%, with the 5-day performance at 28.92% in the green. However, in the 30-day time frame, Janux Therapeutics Inc (NASDAQ:JANX) is 15.72% up. Looking at the short shares, we see there were 4.19 million shares sold at short interest cover period of 6.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 69, meaning bulls need an upside of 8.78% from its recent market value. According to analyst projections, JANX’s forecast low is 42 with 100 as the target high. To hit the forecast high, the stock’s price needs a -58.88% plunge from its current level, while the stock would need to tank 33.27% for it to hit the projected low.
Janux Therapeutics Inc (JANX) estimates and forecasts
Data shows that the Janux Therapeutics Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 29.72% over the past 6 months, a -2.27% in annual growth rate that is considerably lower than the industry average of 17.60%. Year-over-year growth is forecast to reach 34.02% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 266.67k. 9 analysts are of the opinion that Janux Therapeutics Inc’s revenue for the current quarter will be 1.21M. The company’s revenue for the corresponding quarters a year ago was 2.46M and 1.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -89.16%. The estimates for the next quarter sales put growth at -3.29%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -92.62%. The 2024 estimates are for Janux Therapeutics Inc earnings to increase by 4.30%.
JANX Dividends
Janux Therapeutics Inc is expected to release its next quarterly earnings report in January.
Janux Therapeutics Inc (NASDAQ:JANX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.70% of Janux Therapeutics Inc shares while 94.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.64%. There are 94.74% institutions holding the Janux Therapeutics Inc stock share, with RA CAPITAL MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 18.6864% of the shares, roughly 9.17 million JANX shares worth $383.95 million.
FMR LLC holds the second largest percentage of outstanding shares, with 15.8566% or 7.78 million shares worth $325.8 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund. With 1.23 shares estimated at $76.54 million under it, the former controlled 2.35% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.51% of the shares, roughly 795.09 shares worth around $49.41 million.
