Q32 Bio Inc (NASDAQ: QTTB) is -38.37% lower on its value in year-to-date trading and has touched a low of $1.38 and a high of $53.79 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 QTTB stock was last observed hovering at around $1.85 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $2.12, the stock is 17.35% and -1.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 14.59% at the moment leaves the stock -90.66% off its SMA200. QTTB registered -91.52% loss for a year compared to 6-month loss of -95.63%. The firm has a 50-day simple moving average (SMA 50) of $2.1557 and a 200-day simple moving average (SMA200) of $22.688126.
The stock witnessed a -1.85% gain in the last 1 month and extending the period to 3 months gives it a -32.48%, and is 26.19% 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 15.60% over the week and 13.81% over the month.
Q32 Bio Inc (QTTB) has around 42 employees, a market worth around $25.86M and $0.00M in sales. Distance from 52-week low is 53.62% and -96.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-228.75%).
The EPS is expected to grow by 36.17% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
115.0 institutions hold shares in Q32 Bio Inc (QTTB), with institutional investors hold 87.43% of the company’s shares. The shares outstanding are 12.20M, and float is at 4.42M with Short Float at 19.65%. Institutions hold 79.82% of the Float.
The top institutional shareholder in the company is ORBIMED ADVISORS LLC with over 2.25 million shares valued at $40.44 million. The investor’s holdings represent 18.831 of the QTTB Shares outstanding. As of 2024-06-30, the second largest holder is ATLAS VENTURE LIFE SCIENCE ADVISORS, LLC with 2.09 million shares valued at $37.55 million to account for 17.4863 of the shares outstanding. The other top investors are CARLYLE GROUP INC. which holds 1.1 million shares representing 9.217 and valued at over $19.2 million, while BLACKROCK INC. holds 2.8608 of the shares totaling 0.34 million with a market value of $6.14 million.
