The 36-month beta value for RGNX is also noteworthy at 1.21. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RGNX is 44.56M, and at present, short sellers hold a 13.63% of that float. The average trading volume of RGNX on September 20, 2024 was 550.66K shares.
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RGNX) stock’s latest price update
Regenxbio Inc (NASDAQ: RGNX)’s stock price has plunge by -0.24relation to previous closing price of 12.53. Nevertheless, the company has seen a 2.63% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-17 that Life sciences veteran Mitchell Chan joins the company ahead of multiple catalysts across late-stage gene therapy programs Vit Vasista steps down following more than 15 years at the Company ROCKVILLE, Md., Sept. 17, 2024 /PRNewswire/ — REGENXBIO Inc. (Nasdaq: RGNX) today announced that Mitchell Chan has been appointed as Executive Vice President and Chief Financial Officer, effective today.
RGNX’s Market Performance
Regenxbio Inc (RGNX) has seen a 2.63% rise in stock performance for the week, with a 5.31% gain in the past month and a 5.22% surge in the past quarter. The volatility ratio for the week is 6.03%, and the volatility levels for the past 30 days are at 5.71% for RGNX. The simple moving average for the last 20 days is 4.03% for RGNX stock, with a simple moving average of -20.48% for the last 200 days.
Analysts’ Opinion of RGNX
Many brokerage firms have already submitted their reports for RGNX stocks, with Goldman repeating the rating for RGNX by listing it as a “Buy.” The predicted price for RGNX in the upcoming period, according to Goldman is $38 based on the research report published on June 07, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see RGNX reach a price target of $36. The rating they have provided for RGNX stocks is “Buy” according to the report published on March 11th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to RGNX, setting the target price at $35 in the report published on March 08th of the current year.
RGNX Trading at -0.09% from the 50-Day Moving Average
After a stumble in the market that brought RGNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.60% of loss for the given period.
Volatility was left at 5.71%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares surge +2.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.39% upper at present.
During the last 5 trading sessions, RGNX rose by +2.63%, which changed the moving average for the period of 200-days by -36.45% in comparison to the 20-day moving average, which settled at $12.03. In addition, Regenxbio Inc saw -30.36% 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 RGNX starting from KARABELAS ARGERIS N, who sale 10,000 shares at the price of $11.56 back on Sep 03 ’24. After this action, KARABELAS ARGERIS N now owns 11,286 shares of Regenxbio Inc, valued at $115,588 using the latest closing price.
KARABELAS ARGERIS N, the Director of Regenxbio Inc, sale 10,100 shares at $13.51 during a trade that took place back on Aug 01 ’24, which means that KARABELAS ARGERIS N is holding 11,286 shares at $136,454 based on the most recent closing price.
Stock Fundamentals for RGNX
Current profitability levels for the company are sitting at:
- -2.77 for the present operating margin
- 0.43 for the gross margin
The net margin for Regenxbio Inc stands at -2.71. The total capital return value is set at -0.52. Equity return is now at value -63.94, with -38.52 for asset returns.
Based on Regenxbio Inc (RGNX), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -2.37. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is -45.6.
Currently, EBITDA for the company is -250.81 million with net debt to EBITDA at -0.43. When we switch over and look at the enterprise to sales, we see a ratio of 8.07. The receivables turnover for the company is 3.68for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.
Conclusion
In summary, Regenxbio Inc (RGNX) has had a mixed performance as of late. Analysts have bullish 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.
