In the past week, EQRX stock has gone up by 2.99%, with a monthly gain of 2.99% and a quarterly plunge of -22.17%. The volatility ratio for the week is 7.31%, and the volatility levels for the last 30 days are 7.03% for EQRx Inc. The simple moving average for the past 20 days is -0.23% for EQRX’s stock, with a -47.01% simple moving average for the past 200 days.
Is It Worth Investing in EQRx Inc. (NASDAQ: EQRX) Right Now?
Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for EQRx Inc. (EQRX) is $2.55, which is $0.83 above the current market price. The public float for EQRX is 411.40M, and currently, short sellers hold a 4.59% ratio of that floaft. The average trading volume of EQRX on May 25, 2023 was 2.06M shares.
EQRX) stock’s latest price update
EQRx Inc. (NASDAQ: EQRX)’s stock price has gone decline by -7.03 in comparison to its previous close of 1.85, however, the company has experienced a 2.99% increase in its stock price over the last five trading days.
EQRX Trading at -4.94% 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 -71.57% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 7.31%, as shares surge +2.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.87% lower at present.
During the last 5 trading sessions, EQRX rose by +2.99%, which changed the moving average for the period of 200-days by -69.93% in comparison to the 20-day moving average, which settled at $1.7260. In addition, EQRx Inc. saw -30.08% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EQRX
The total capital return value is set at -24.45, while invested capital returns managed to touch -11.64.
Based on EQRx Inc. (EQRX), the company’s capital structure generated 0.28 points at debt to equity in total, while total debt to capital is 0.28. Total debt to assets is 0.26, with long-term debt to equity ratio resting at 0.11. Finally, the long-term debt to capital ratio is 0.10.
The liquidity ratio also appears to be rather interesting for investors as it stands at 27.51.
Conclusion
In a nutshell, EQRx Inc. (EQRX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
