Nurix Therapeutics Inc (NASDAQ: NRIX) is 128.97% higher on its value in year-to-date trading and has touched a low of $4.22 and a high of $26.31 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 NRIX stock was last observed hovering at around $21.86 in the last trading session, with the day’s gains setting it 1.77%.
Currently trading at $23.63, the stock is 1.57% and 1.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 8.10% at the moment leaves the stock 42.49% off its SMA200. NRIX registered 256.41% gain for a year compared to 6-month gain of 41.16%. The firm has a 50-day simple moving average (SMA 50) of $23.1859 and a 200-day simple moving average (SMA200) of $16.583426.
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The stock witnessed a 0.25% loss in the last 1 month and extending the period to 3 months gives it a 4.19%, and is 6.44% 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 5.14% over the week and 5.39% over the month.
Nurix Therapeutics Inc (NRIX) has around 284 employees, a market worth around $1.52B and $56.42M in sales. Profit margin for the company is -313.65%. Distance from 52-week low is 459.95% and -10.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.53%).
The EPS is expected to shrink by -4.41% this year.
Nurix Therapeutics Inc (NRIX) Top Institutional Holders
247.0 institutions hold shares in Nurix Therapeutics Inc (NRIX), with institutional investors hold 105.87% of the company’s shares. The shares outstanding are 64.41M, and float is at 63.34M with Short Float at 14.33%. Institutions hold 104.19% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.82 million shares valued at $142.33 million. The investor’s holdings represent 12.4218% of the NRIX Shares outstanding. As of 2024-06-30, the second largest holder is REDMILE GROUP, LLC with 4.42 million shares valued at $92.32 million to account for 8.0571 of the shares outstanding. The other top investors are DEEP TRACK CAPITAL, LP which holds 3.99 million shares representing 7.27% and valued at over $83.3 million, while BAKER BROS. ADVISORS LP holds 7.0708 of the shares totaling 3.88 million with a market value of $81.02 million.
Nurix Therapeutics Inc (NRIX) Insider Activity
The most recent transaction is an insider sale by Ring Christine, the company’s Chief Legal Officer. SEC filings show that Ring Christine sold 5,760 shares of the company’s common stock on Oct 01 ’24 at a price of $22.23 per share for a total of $0.13 million. Following the sale, the insider now owns 24592.0 shares.
Still, SEC filings show that on Sep 03 ’24, Ring Christine (Chief Legal Officer) disposed off 9,050 shares at an average price of $24.94 for $0.23 million. The insider now directly holds 24,592 shares of Nurix Therapeutics Inc (NRIX).
