Morphic Holding Inc (NASDAQ: MORF) is -3.12% lower on its value in year-to-date trading and has touched a low of $19.34 and a high of $63.08 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 MORF stock was last observed hovering at around $27.69 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $27.98, the stock is -7.02% and -16.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 1.05% at the moment leaves the stock -21.12% off its SMA200. MORF registered -40.09% loss for a year compared to 6-month gain of 36.55%.
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The stock witnessed a -14.64% loss in the last 1 month and extending the period to 3 months gives it a -4.57%, and is 1.71% 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 4.86% over the week and 4.80% over the month.
Morphic Holding Inc (MORF) has around 121 employees, a market worth around $1.40B and $0.52M in sales. Profit margin for the company is -29192.90%. Distance from 52-week low is 44.64% and -55.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.80%).
The EPS is expected to shrink by -8.99% this year
The shares outstanding are 49.75M, and float is at 38.71M with Short Float at 16.15%.
Morphic Holding Inc (MORF) Insider Activity
The most recent transaction is an insider sale by Tipirneni Praveen P., the company’s CEO. SEC filings show that Tipirneni Praveen P. sold 13,923 shares of the company’s common stock on Jan 16 ’24 at a price of $27.49 per share for a total of $0.38 million. Following the sale, the insider now owns 42013.0 shares.
Morphic Holding Inc disclosed in a document filed with the SEC on Jan 16 ’24 that Rogers Bruce (President) sold a total of 6,314 shares of the company’s common stock. The trade occurred on Jan 16 ’24 and was made at $27.49 per share for $0.17 million. Following the transaction, the insider now directly holds 0.14 million shares of the MORF stock.
Still, SEC filings show that on Jan 16 ’24, SCHEGERIN MARC (CFO and COO) disposed off 6,041 shares at an average price of $27.49 for $0.17 million. The insider now directly holds 37,460 shares of Morphic Holding Inc (MORF).
