Neurogene Inc (NASDAQ:NGNE) Jumps 2.56%, But Additional Rally May Be Imminent

In last trading session, Neurogene Inc (NASDAQ:NGNE) saw 0.47 million shares changing hands with its beta currently measuring 1.13. Company’s recent per share price level of $22.64 trading at $0.56 or 2.56% at ring of the bell on the day assigns it a market valuation of $474.98M. That closing price of NGNE’s stock is at a discount of -229.02% from its 52-week high price of $74.49 and is indicating a premium of 44.83% from its 52-week low price of $12.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.28 million shares which gives us an average trading volume of 368.34K if we extend that period to 3-months.

For Neurogene Inc (NGNE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 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 in the current quarter.

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Neurogene Inc (NASDAQ:NGNE) trade information

Upright in the green during last session for gaining 2.56%, in the last five days NGNE remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $22.64 price level, adding 10.69% to its value on the day. Neurogene Inc’s shares saw a change of 16.82% in year-to-date performance and have moved -3.70% in past 5-day. Neurogene Inc (NASDAQ:NGNE) showed a performance of 47.68% in past 30-days. Number of shares sold short was 0.91 million shares which calculate 7.15 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 46 to the stock, which implies a rise of 50.78% to its current value. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 49. It follows that stock’s current price would drop -98.76% in reaching the projected high whereas dropping to the targeted low would mean a loss of -98.76% for stock’s current value.

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 -16.09% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -245.34% while estimates for its earnings growth in next 5 years are of 25.10%.