Recursion Pharmaceuticals Inc (NASDAQ: RXRX) has experienced a decline in its stock price by -3.77 compared to its previous closing price of 8.35. However, the company has seen a fall of -1.29% in its stock price over the last five trading days. fool.com reported 2024-07-27 that Shares of Recursion Pharmaceuticals are down by about 47% from a peak the stock set this February. The company uses automation and artificial intelligence to optimize the new drug-discovery process.
Is It Worth Investing in Recursion Pharmaceuticals Inc (NASDAQ: RXRX) Right Now?
The 36-month beta value for RXRX is at 0.81. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RXRX is 198.84M, and currently, shorts hold a 24.81% of that float. The average trading volume for RXRX on July 29, 2024 was 5.56M shares.
RXRX’s Market Performance
RXRX stock saw an increase of -1.29% in the past week, with a monthly gain of 6.07% and a quarterly increase of -1.05%. The volatility ratio for the week is 8.84%, and the volatility levels for the last 30 days are 6.85% for Recursion Pharmaceuticals Inc (RXRX). The simple moving average for the past 20 days is 2.71% for RXRX’s stock, with a -9.94% simple moving average for the past 200 days.
Analysts’ Opinion of RXRX
Many brokerage firms have already submitted their reports for RXRX stocks, with Morgan Stanley repeating the rating for RXRX by listing it as a “Equal-Weight.” The predicted price for RXRX in the upcoming period, according to Morgan Stanley is $8 based on the research report published on May 22, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see RXRX reach a price target of $17. The rating they have provided for RXRX stocks is “Buy” according to the report published on March 16th, 2023.
KeyBanc Capital Markets gave a rating of “Overweight” to RXRX, setting the target price at $20 in the report published on September 16th of the previous year.
RXRX Trading at -6.11% from the 50-Day Moving Average
After a stumble in the market that brought RXRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.95% of loss for the given period.
Volatility was left at 6.85%, however, over the last 30 days, the volatility rate increased by 8.84%, as shares surge +8.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.93% lower at present.
During the last 5 trading sessions, RXRX fell by -0.31%, which changed the moving average for the period of 200-days by +14.78% in comparison to the 20-day moving average, which settled at $7.85. In addition, Recursion Pharmaceuticals Inc saw -18.51% 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 RXRX starting from Borgeson Blake, who sale 11,447 shares at the price of $8.48 back on Jul 23 ’24. After this action, Borgeson Blake now owns 7,155,663 shares of Recursion Pharmaceuticals Inc, valued at $97,041 using the latest closing price.
Gibson Christopher, the Chief Executive Officer of Recursion Pharmaceuticals Inc, sale 50,000 shares at $7.47 during a trade that took place back on Jul 11 ’24, which means that Gibson Christopher is holding 758,738 shares at $373,500 based on the most recent closing price.
Stock Fundamentals for RXRX
Current profitability levels for the company are sitting at:
- -8.44 for the present operating margin
- -0.27 for the gross margin
The net margin for Recursion Pharmaceuticals Inc stands at -7.73. The total capital return value is set at -0.8. Equity return is now at value -85.19, with -59.75 for asset returns.
Based on Recursion Pharmaceuticals Inc (RXRX), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -44.07. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -3986.96.
Currently, EBITDA for the company is -317.6 million with net debt to EBITDA at 0.71. When we switch over and look at the enterprise to sales, we see a ratio of 40.2. The receivables turnover for the company is 17.62for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.65.
Conclusion
In conclusion, Recursion Pharmaceuticals Inc (RXRX) has had a bad 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.
