The stock of Morphic Holding Inc (MORF) has gone up by 0.40% for the week, with a 78.47% rise in the past month and a 90.05% rise in the past quarter. The volatility ratio for the week is 0.19%, and the volatility levels for the past 30 days are 0.48% for MORF. The simple moving average for the past 20 days is 0.91% for MORF’s stock, with a 76.98% simple moving average for the past 200 days.
Is It Worth Investing in Morphic Holding Inc (NASDAQ: MORF) Right Now?
Additionally, the 36-month beta value for MORF is 1.45. 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 MORF is 38.53M and currently, short sellers hold a 4.37% ratio of that float. The average trading volume of MORF on August 05, 2024 was 2.25M shares.
MORF) stock’s latest price update
Morphic Holding Inc (NASDAQ: MORF)’s stock price has dropped by -0.03 in relation to previous closing price of 56.84. Nevertheless, the company has seen a gain of 0.40% in its stock price over the last five trading days. accesswire.com reported 2024-08-05 that NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Morphic Holding, Inc. (“Morphic”) (NASDAQ:MORF) and Eli Lilly and Company (“Eli Lilly”) (NYSE: LLY). Investors who purchased Morphic and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/MORF.
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 39.72% 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 -5.23% of loss for the given period.
Volatility was left at 0.48%, however, over the last 30 days, the volatility rate increased by 0.19%, as shares surge +1.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +94.22% upper at present.
During the last 5 trading sessions, MORF rose by +0.41%, which changed the moving average for the period of 200-days by +166.93% in comparison to the 20-day moving average, which settled at $56.37. In addition, Morphic Holding Inc saw 96.76% 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 MORF starting from SCHEGERIN MARC, who sale 43,936 shares at the price of $55.80 back on Jul 08 ’24. After this action, SCHEGERIN MARC now owns 37,907 shares of Morphic Holding Inc, valued at $2,451,629 using the latest closing price.
Farrell Robert E Jr, the SVP Finance and CAO of Morphic Holding Inc, sale 30,272 shares at $55.80 during a trade that took place back on Jul 08 ’24, which means that Farrell Robert E Jr is holding 13,781 shares at $1,689,178 based on the most recent closing price.
Stock Fundamentals for MORF
Current profitability levels for the company are sitting at:
- 3.54 for the present operating margin
- 1.02 for the gross margin
The net margin for Morphic Holding Inc stands at 2.99. The total capital return value is set at -0.34. Equity return is now at value -26.68, with -25.79 for asset returns.
Based on Morphic Holding Inc (MORF), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -41.09. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -63.42.
Currently, EBITDA for the company is -177.59 million with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of -46.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 24.13.
Conclusion
In conclusion, Morphic Holding Inc (MORF) 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.
