The stock of Ideaya Biosciences Inc (IDYA) has gone up by 2.87% for the week, with a 17.08% rise in the past month and a 6.12% rise in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are 5.12% for IDYA. The simple moving average for the past 20 days is 9.68% for IDYA’s stock, with a 11.85% simple moving average for the past 200 days.
Is It Worth Investing in Ideaya Biosciences Inc (NASDAQ: IDYA) Right Now?
Additionally, the 36-month beta value for IDYA is 0.84. 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.”
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The public float for IDYA is 75.07M and currently, short sellers hold a 15.85% ratio of that float. The average trading volume of IDYA on July 26, 2024 was 1.02M shares.
IDYA) stock’s latest price update
Ideaya Biosciences Inc (NASDAQ: IDYA)’s stock price has soared by 0.19 in relation to previous closing price of 42.21. Nevertheless, the company has seen a gain of 2.87% in its stock price over the last five trading days. zacks.com reported 2024-07-23 that The mean of analysts’ price targets for IDEAYA Biosciences (IDYA) points to a 33% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Analysts’ Opinion of IDYA
Many brokerage firms have already submitted their reports for IDYA stocks, with Mizuho repeating the rating for IDYA by listing it as a “Outperform.” The predicted price for IDYA in the upcoming period, according to Mizuho is $50 based on the research report published on July 08, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see IDYA reach a price target of $55. The rating they have provided for IDYA stocks is “Buy” according to the report published on March 08th, 2024.
SVB Securities gave a rating of “Outperform” to IDYA, setting the target price at $33 in the report published on August 08th of the previous year.
IDYA Trading at 9.47% from the 50-Day Moving Average
After a stumble in the market that brought IDYA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.41% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares surge +21.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.97% upper at present.
During the last 5 trading sessions, IDYA rose by +2.87%, which changed the moving average for the period of 200-days by +58.57% in comparison to the 20-day moving average, which settled at $38.93. In addition, Ideaya Biosciences Inc saw 18.86% 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 IDYA starting from WHITE MICHAEL ANTHONY, who sale 28,500 shares at the price of $36.24 back on May 29 ’24. After this action, WHITE MICHAEL ANTHONY now owns 0 shares of Ideaya Biosciences Inc, valued at $1,032,884 using the latest closing price.
Hata Yujiro S, the President and CEO of Ideaya Biosciences Inc, sale 34,433 shares at $41.81 during a trade that took place back on May 16 ’24, which means that Hata Yujiro S is holding 677,887 shares at $1,439,754 based on the most recent closing price.
Stock Fundamentals for IDYA
Current profitability levels for the company are sitting at:
- -10.27 for the present operating margin
- 0.74 for the gross margin
The net margin for Ideaya Biosciences Inc stands at -8.31. The total capital return value is set at -0.17. Equity return is now at value -20.31, with -19.44 for asset returns.
Based on Ideaya Biosciences Inc (IDYA), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -54.51. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -6.35.
Currently, EBITDA for the company is -130.42 million with net debt to EBITDA at 0.67. When we switch over and look at the enterprise to sales, we see a ratio of 222.39. The receivables turnover for the company is 1033.67for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 28.42.
Conclusion
In conclusion, Ideaya Biosciences Inc (IDYA) 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.