HCW Biologics Inc (NASDAQ: HCWB) Stock: Does It Have Room To Grow?

In the last trading session, 0.12 million HCW Biologics Inc (NASDAQ:HCWB) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $0.40 changed hands at $0.0 or -0.20% during last session, the market valuation stood at $15.05M. HCWB’s last price was a discount, traded about -530.0% off its 52-week high of $2.52. The share price had its 52-week low at $0.28, which suggests the last value was 30.0% up since then. When we look at HCW Biologics Inc’s average trading volume, we note the 10-day average is 0.41 million shares, with the 3-month average coming to 9.22 million.

HCW Biologics Inc (NASDAQ:HCWB) trade information

Instantly HCWB was in red as seen at the end of in last trading. With action 20.17%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -67.51%, with the 5-day performance at 20.17% in the green. However, in the 30-day time frame, HCW Biologics Inc (NASDAQ:HCWB) is -48.31% down. Looking at the short shares, we see there were 8092.0 shares sold at short interest cover period of 0.28 days.

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HCW Biologics Inc (HCWB) estimates and forecasts

Year-over-year growth is forecast to reach 222.75% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 7M. The company’s revenue for the corresponding quarters a year ago was 1.32M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 428.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -34.57%. The 2024 estimates are for HCW Biologics Inc earnings to increase by 18.57%.

HCWB Dividends

HCW Biologics Inc is expected to release its next quarterly earnings report in January.

HCW Biologics Inc (NASDAQ:HCWB)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 52.30% of HCW Biologics Inc shares while 3.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 6.56%. There are 3.13% institutions holding the HCW Biologics Inc stock share, with AVANTAX PLANNING PARTNERS, INC. the top institutional holder. As of 2024-06-30, the company held 0.751% of the shares, roughly 0.28 million HCWB shares worth $0.18 million.

HIGHTOWER ADVISORS, LLC holds the second largest percentage of outstanding shares, with 0.4857% or 0.18 million shares worth $0.12 million as of 2024-06-30.