The stock of Morphic Holding Inc (MORF) has gone up by 1.71% for the week, with a -14.64% drop in the past month and a -4.57% drop in the past quarter. The volatility ratio for the week is 4.86%, and the volatility levels for the past 30 days are 4.80% for MORF.. The simple moving average for the past 20 days is -7.02% for MORF’s stock, with a -21.12% simple moving average for the past 200 days.
Is It Worth Investing in Morphic Holding Inc (NASDAQ: MORF) Right Now?
The 36-month beta value for MORF is also noteworthy at 1.47. 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 MORF is 38.71M, and at present, short sellers hold a 16.15% of that float. The average trading volume of MORF on April 26, 2024 was 495.13K shares.
MORF) stock’s latest price update
Morphic Holding Inc (NASDAQ: MORF) has experienced a rise in its stock price by 1.05 compared to its previous closing price of 27.69. However, the company has seen a gain of 1.71% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that Morphic (MORF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Analysts’ Opinion of MORF
Many brokerage firms have already submitted their reports for MORF stocks, with Citigroup repeating the rating for MORF by listing it as a “Buy.” The predicted price for MORF in the upcoming period, according to Citigroup is $46 based on the research report published on December 08, 2023 of the previous year 2023.
Stifel, on the other hand, stated in their research note that they expect to see MORF reach a price target of $33, previously predicting the price at $61. The rating they have provided for MORF stocks is “Hold” according to the report published on September 25th, 2023.
MORF Trading at -16.69% from the 50-Day Moving Average
After a stumble in the market that brought MORF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.65% of loss for the given period.
Volatility was left at 4.80%, however, over the last 30 days, the volatility rate increased by 4.86%, as shares sank -18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.74% lower at present.
During the last 5 trading sessions, MORF rose by +1.71%, which changed the moving average for the period of 200-days by -51.56% in comparison to the 20-day moving average, which settled at $29.77. In addition, Morphic Holding Inc saw -3.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MORF starting from Tipirneni Praveen P., who sale 13,923 shares at the price of $27.49 back on Jan 16 ’24. After this action, Tipirneni Praveen P. now owns 42,013 shares of Morphic Holding Inc, valued at $382,753 using the latest closing price.
Rogers Bruce, the President of Morphic Holding Inc, sale 6,314 shares at $27.49 during a trade that took place back on Jan 16 ’24, which means that Rogers Bruce is holding 142,036 shares at $173,576 based on the most recent closing price.
Stock Fundamentals for MORF
The total capital return value is set at -0.29. Equity return is now at value -29.08, with -27.88 for asset returns.
Based on Morphic Holding Inc (MORF), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -86.33. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -57.48.
Currently, EBITDA for the company is -177.59 million with net debt to EBITDA at 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 28.94.
Conclusion
In summary, Morphic Holding Inc (MORF) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
