Morphic Holding Inc (NASDAQ: MORF) is 93.01% higher on its value in year-to-date trading and has touched a low of $19.34 and a high of $62.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MORF stock was last observed hovering at around $55.67 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $55.74, the stock is 70.71% and 80.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.74 million and changing 0.13% at the moment leaves the stock 90.53% off its SMA200. MORF registered -6.19% loss for a year compared to 6-month gain of 96.27%.
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The stock witnessed a 81.15% loss in the last 1 month and extending the period to 3 months gives it a 81.15%, and is 78.20% 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 1.76% over the week and 5.31% over the month.
Morphic Holding Inc (MORF) has around 121 employees, a market worth around $2.79B and $0.00M in sales. Distance from 52-week low is 188.14% and -10.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.25%).
The EPS is expected to shrink by -7.37% this year
The shares outstanding are 49.75M, and float is at 38.41M with Short Float at 16.39%.
Morphic Holding Inc (MORF) Insider Activity
The most recent transaction is an insider sale by SCHEGERIN MARC, the company’s CFO and COO. SEC filings show that SCHEGERIN MARC sold 43,936 shares of the company’s common stock on Jul 08 ’24 at a price of $55.80 per share for a total of $2.45 million. Following the sale, the insider now owns 37907.0 shares.
Morphic Holding Inc disclosed in a document filed with the SEC on Jul 08 ’24 that Farrell Robert E Jr (SVP Finance and CAO) sold a total of 30,272 shares of the company’s common stock. The trade occurred on Jul 08 ’24 and was made at $55.80 per share for $1.69 million. Following the transaction, the insider now directly holds 13781.0 shares of the MORF stock.
Still, SEC filings show that on Jul 08 ’24, Tipirneni Praveen P. (President and CEO) disposed off 21,582 shares at an average price of $55.79 for $1.2 million. The insider now directly holds 42,460 shares of Morphic Holding Inc (MORF).
