Equillium Inc (NASDAQ: EQ) has experienced a decline in its stock price by -10.07 compared to its previous closing price of 2.13. However, the company has seen a fall of -9.00% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Equillium (EQ), Laird Superfood (LSF), QuantaSing (QSG), Phunware (PHUN) and Arq (ARQ) more than double in the first quarter and are expected to continue their strong performances.
Is It Worth Investing in Equillium Inc (NASDAQ: EQ) Right Now?
The 36-month beta value for EQ is at 1.68. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EQ is 6.29M, and currently, shorts hold a 6.50% of that float. The average trading volume for EQ on April 09, 2024 was 376.31K shares.
EQ’s Market Performance
EQ’s stock has seen a -9.00% decrease for the week, with a -29.15% drop in the past month and a 134.09% gain in the past quarter. The volatility ratio for the week is 11.23%, and the volatility levels for the past 30 days are at 14.89% for Equillium Inc The simple moving average for the past 20 days is -21.78% for EQ’s stock, with a 82.08% simple moving average for the past 200 days.
Analysts’ Opinion of EQ
Many brokerage firms have already submitted their reports for EQ stocks, with Stifel repeating the rating for EQ by listing it as a “Buy.” The predicted price for EQ in the upcoming period, according to Stifel is $12 based on the research report published on October 29, 2021 of the previous year 2021.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see EQ reach a price target of $14. The rating they have provided for EQ stocks is “Overweight” according to the report published on September 15th, 2021.
H.C. Wainwright gave a rating of “Buy” to EQ, setting the target price at $24 in the report published on July 14th of the previous year.
EQ Trading at -7.77% from the 50-Day Moving Average
After a stumble in the market that brought EQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.92% of loss for the given period.
Volatility was left at 14.89%, however, over the last 30 days, the volatility rate increased by 11.23%, as shares sank -28.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +131.05% upper at present.
During the last 5 trading sessions, EQ fell by -9.00%, which changed the moving average for the period of 200-days by +146.31% in comparison to the 20-day moving average, which settled at $2.42. In addition, Equillium Inc saw 165.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EQ
Current profitability levels for the company are sitting at:
- -0.4 for the present operating margin
- 1.0 for the gross margin
The net margin for Equillium Inc stands at -0.37. The total capital return value is set at -0.63. Equity return is now at value -48.92, with -20.68 for asset returns.
Based on Equillium Inc (EQ), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -26.44. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -29.58.
Currently, EBITDA for the company is -14.4 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 5.74for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
Conclusion
In conclusion, Equillium Inc (EQ) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
