EQRx Inc. (NASDAQ:EQRX) went down by -5.28% from its latest closing price compared to the recent 1-year high of $6.05. The company’s stock price has collected 4.02% of gains in the last five trading sessions.
Is It Worth Investing in EQRx Inc. (NASDAQ :EQRX) Right Now?
EQRX currently public float of 412.64M and currently shorts hold a 3.97% ratio of that float. Today, the average trading volume of EQRX was 3.44M shares.
EQRX’s Market Performance
EQRX stocks went up by 4.02% for the week, with a monthly jump of 4.95% and a quarterly performance of -52.93%, while its annual performance rate touched -49.46%. The volatility ratio for the week stands at 7.41% while the volatility levels for the past 30 days are set at 8.28% for EQRx Inc. The simple moving average for the period of the last 20 days is -7.56% for EQRX stocks with a simple moving average of -46.55% for the last 200 days.
Analysts’ Opinion of EQRX
Jefferies, on the other hand, stated in their research note that they expect to see EQRX reach a price target of $3.20, previously predicting the price at $5.60. The rating they have provided for EQRX stocks is “Hold” according to the report published on November 11th, 2022.
Goldman gave a rating of “Neutral” to EQRX, setting the target price at $5 in the report published on November 11th of the previous year.
EQRX Trading at -19.08% from the 50-Day Moving Average
After a stumble in the market that brought EQRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.49% of loss for the given period.
Volatility was left at 8.28%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares surge +4.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.10% lower at present.
During the last 5 trading sessions, EQRX rose by +4.02%, which changed the moving average for the period of 200-days by -45.43% in comparison to the 20-day moving average, which settled at $2.53. In addition, EQRx Inc. saw -5.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EQRX
Equity return is now at value -9.80, with -8.90 for asset returns.