Additionally, the 36-month beta value for HUMA is 1.49. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for HUMA is 84.62M and currently, short sellers hold a 7.03% ratio of that float. The average trading volume of HUMA on March 22, 2024 was 859.27K shares.
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HUMA) stock’s latest price update
Humacyte Inc (NASDAQ: HUMA)’s stock price has gone rise by 2.56 in comparison to its previous close of 3.51, however, the company has experienced a 13.92% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-19 that Humacyte (HUMA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
HUMA’s Market Performance
Humacyte Inc (HUMA) has seen a 13.92% rise in stock performance for the week, with a -15.09% decline in the past month and a 20.40% surge in the past quarter. The volatility ratio for the week is 5.80%, and the volatility levels for the past 30 days are at 7.56% for HUMA. The simple moving average for the last 20 days is -1.82% for HUMA’s stock, with a simple moving average of 16.03% for the last 200 days.
Analysts’ Opinion of HUMA
Many brokerage firms have already submitted their reports for HUMA stocks, with H.C. Wainwright repeating the rating for HUMA by listing it as a “Buy.” The predicted price for HUMA in the upcoming period, according to H.C. Wainwright is $6 based on the research report published on December 11, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see HUMA reach a price target of $3.50, previously predicting the price at $2.75. The rating they have provided for HUMA stocks is “Neutral” according to the report published on August 14th, 2023.
Cantor Fitzgerald gave a rating of “Overweight” to HUMA, setting the target price at $6 in the report published on June 22nd of the previous year.
HUMA Trading at 4.55% from the 50-Day Moving Average
After a stumble in the market that brought HUMA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.71% of loss for the given period.
Volatility was left at 7.56%, however, over the last 30 days, the volatility rate increased by 5.80%, as shares sank -16.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.57% upper at present.
During the last 5 trading sessions, HUMA rose by +13.92%, which changed the moving average for the period of 200-days by -3.49% in comparison to the 20-day moving average, which settled at $3.63. In addition, Humacyte Inc saw 26.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HUMA starting from Dougan Brady W, who sale 2,000,000 shares at the price of $2.78 back on Sep 14 ’23. After this action, Dougan Brady W now owns 6,191,140 shares of Humacyte Inc, valued at $5,560,000 using the latest closing price.
Niklason Laura E, the President, CEO and Director of Humacyte Inc, sale 2,000,000 shares at $2.78 during a trade that took place back on Sep 14 ’23, which means that Niklason Laura E is holding 6,191,140 shares at $5,560,000 based on the most recent closing price.
Stock Fundamentals for HUMA
The total capital return value is set at -0.71. Equity return is now at value -114.85, with -47.60 for asset returns.
Based on Humacyte Inc (HUMA), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -1.29. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is -14.54.
Currently, EBITDA for the company is -160.34 million with net debt to EBITDA at 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.79.
Conclusion
In conclusion, Humacyte Inc (HUMA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
