GH Research PLC (NASDAQ: GHRS)’s stock price has soared by 9.03 in relation to previous closing price of 10.96. Nevertheless, the company has seen a gain of 7.85% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-05 that The average of price targets set by Wall Street analysts indicates a potential upside of 321.3% in GH Research PLC (GHRS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Is It Worth Investing in GH Research PLC (NASDAQ: GHRS) Right Now?
Additionally, the 36-month beta value for GHRS is 0.80. 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 GHRS is 29.29M and currently, short sellers hold a 4.94% ratio of that float. The average trading volume of GHRS on May 02, 2024 was 123.18K shares.
GHRS’s Market Performance
GHRS’s stock has seen a 7.85% increase for the week, with a 8.24% rise in the past month and a 57.44% gain in the past quarter. The volatility ratio for the week is 6.45%, and the volatility levels for the past 30 days are at 5.49% for GH Research PLC The simple moving average for the past 20 days is 8.01% for GHRS’s stock, with a 33.79% simple moving average for the past 200 days.
Analysts’ Opinion of GHRS
Many brokerage firms have already submitted their reports for GHRS stocks, with H.C. Wainwright repeating the rating for GHRS by listing it as a “Buy.” The predicted price for GHRS in the upcoming period, according to H.C. Wainwright is $45 based on the research report published on August 16, 2022 of the previous year 2022.
ROTH Capital, on the other hand, stated in their research note that they expect to see GHRS reach a price target of $66. The rating they have provided for GHRS stocks is “Buy” according to the report published on June 16th, 2022.
GHRS Trading at 18.59% from the 50-Day Moving Average
After a stumble in the market that brought GHRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.37% of loss for the given period.
Volatility was left at 5.49%, however, over the last 30 days, the volatility rate increased by 6.45%, as shares surge +8.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.75% upper at present.
During the last 5 trading sessions, GHRS rose by +7.85%, which changed the moving average for the period of 200-days by -9.19% in comparison to the 20-day moving average, which settled at $11.11. In addition, GH Research PLC saw 106.03% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GHRS
The total capital return value is set at -0.19. Equity return is now at value -15.18, with -14.81 for asset returns.
Based on GH Research PLC (GHRS), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -34.23. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -74.27.
Currently, EBITDA for the company is -40.91 million with net debt to EBITDA at 2.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 24.49.
Conclusion
In conclusion, GH Research PLC (GHRS) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
