The stock of Gossamer Bio Inc (NASDAQ: GOSS) has decreased by -0.79 when compared to last closing price of 0.89.Despite this, the company has seen a gain of 0.72% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Gossamer Bio (GOSS) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.21 per share a year ago.
Is It Worth Investing in Gossamer Bio Inc (NASDAQ: GOSS) Right Now?
Additionally, the 36-month beta value for GOSS is 1.92. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GOSS is 186.93M and currently, short sellers hold a 3.72% ratio of that float. The average trading volume of GOSS on November 08, 2024 was 799.57K shares.
GOSS’s Market Performance
GOSS stock saw a decrease of 0.72% in the past week, with a monthly decline of -10.54% and a quarterly a decrease of 10.69%. The volatility ratio for the week is 6.65%, and the volatility levels for the last 30 days are 5.81% for Gossamer Bio Inc (GOSS). The simple moving average for the past 20 days is -3.52% for GOSS’s stock, with a -6.32% simple moving average for the past 200 days.
Analysts’ Opinion of GOSS
Many brokerage firms have already submitted their reports for GOSS stocks, with Oppenheimer repeating the rating for GOSS by listing it as a “Outperform.” The predicted price for GOSS in the upcoming period, according to Oppenheimer is $9 based on the research report published on June 25, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see GOSS reach a price target of $4. The rating they have provided for GOSS stocks is “Outperform” according to the report published on April 05th, 2024.
UBS gave a rating of “Neutral” to GOSS, setting the target price at $1.25 in the report published on July 27th of the previous year.
GOSS Trading at -6.53% from the 50-Day Moving Average
After a stumble in the market that brought GOSS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.00% of loss for the given period.
Volatility was left at 5.81%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -8.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.71% upper at present.
During the last 5 trading sessions, GOSS rose by +1.20%, which changed the moving average for the period of 200-days by +10.65% in comparison to the 20-day moving average, which settled at $0.9123. In addition, Gossamer Bio Inc saw -3.56% 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 GOSS starting from Aranda Richard, who sale 1,908 shares at the price of $0.66 back on Jun 24 ’24. After this action, Aranda Richard now owns 196,891 shares of Gossamer Bio Inc, valued at $1,260 using the latest closing price.
Hasnain Faheem, the President & CEO of Gossamer Bio Inc, purchase 372,000 shares at $0.67 during a trade that took place back on Jun 21 ’24, which means that Hasnain Faheem is holding 5,408,073 shares at $250,282 based on the most recent closing price.
Stock Fundamentals for GOSS
Current profitability levels for the company are sitting at:
- -0.68 for the present operating margin
- 0.96 for the gross margin
The net margin for Gossamer Bio Inc stands at -0.79. The total capital return value is set at -0.21. Equity return is now at value -863.39, with -29.13 for asset returns.
Based on Gossamer Bio Inc (GOSS), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 2.44. The interest coverage ratio of the stock is -10.89.
Currently, EBITDA for the company is -172.15 million with net debt to EBITDA at -1.79. When we switch over and look at the enterprise to sales, we see a ratio of 3.04. The receivables turnover for the company is 28.28for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.21.
Conclusion
In conclusion, Gossamer Bio Inc (GOSS) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
