Design Therapeutics Inc. (NASDAQ: DSGN) is -31.68% lower on its value in year-to-date trading and has touched a low of $6.08 and a high of $26.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DSGN stock was last observed hovering at around $7.07 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $22.00 for the next 12 months. It is also 83.31% off the consensus price target high of $42.00 offered by 5 analysts, but current levels are -16.83% lower than the price target low of $6.00 for the same period.
Currently trading at $7.01, the stock is 0.33% and -11.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing -0.85% at the moment leaves the stock -50.75% off its SMA200. DSGN registered -58.64% loss for a year compared to 6-month loss of -69.71%.
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The stock witnessed a 1.59% gain in the last 1 month and extending the period to 3 months gives it a -18.96%, and is 0.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.04% over the week and 7.36% over the month.
Distance from 52-week low is 15.30% and -73.35% from its 52-week high.
Design Therapeutics Inc. (DSGN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Design Therapeutics Inc. (DSGN) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Design Therapeutics Inc. is expected to release its quarterly report on 05/08/2023.The EPS is expected to shrink by -402.80% this year
Design Therapeutics Inc. (DSGN) Top Institutional Holders
The shares outstanding are 55.78M, and float is at 35.36M with Short Float at 21.32%.
Design Therapeutics Inc. (DSGN) Insider Activity
A total of 9 insider transactions have happened at Design Therapeutics Inc. (DSGN) in the last six months, with sales accounting for 0 and purchases happening 9 times. The most recent transaction is an insider purchase by George Simeon, the company’s Director. SEC filings show that George Simeon bought 40,000 shares of the company’s common stock on Dec 20 at a price of $8.14 per share for a total of $0.33 million. Following the purchase, the insider now owns 6.53 million shares.
Design Therapeutics Inc. disclosed in a document filed with the SEC on Dec 20 that SR One Capital Fund I Aggregat (10% Owner) bought a total of 40,000 shares of the company’s common stock. The trade occurred on Dec 20 and was made at $8.14 per share for $0.33 million. Following the transaction, the insider now directly holds 6.53 million shares of the DSGN stock.
Still, SEC filings show that on Dec 20, Siffert Joao MD (President and CEO) acquired 6,300 shares at an average price of $8.38 for $52762.0. The insider now directly holds 132,619 shares of Design Therapeutics Inc. (DSGN).
Design Therapeutics Inc. (DSGN): Who are the competitors?
The company’s main competitors (and peers) include Pfizer Inc. (PFE) that is trading -22.91% down over the past 12 months and Novan Inc. (NOVN) that is -64.31% lower over the same period. PTC Therapeutics Inc. (PTCT) is 38.08% up on the 1-year trading charts.