Intellia Therapeutics Inc (NASDAQ: NTLA) has seen a rise in its stock price by 0.21 in relation to its previous close of 13.97. However, the company has experienced a -20.00% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-16 that CAMBRIDGE, Mass., Nov. 16, 2024 (GLOBE NEWSWIRE) — Intellia Therapeutics, Inc. (NASDAQ:NTLA), a leading clinical-stage gene editing company focused on revolutionizing medicine with CRISPR-based therapies, today announced positive new clinical data from the ongoing Phase 1 trial of nexiguran ziclumeran (nex-z, also known as NTLA-2001) in patients with transthyretin (ATTR) amyloidosis. Nex-z is an investigational in vivo CRISPR-based gene editing therapy in development as a one-time treatment for ATTR amyloidosis. Development and commercialization of nex-z is led by Intellia as part of a multi-target collaboration with Regeneron.
Is It Worth Investing in Intellia Therapeutics Inc (NASDAQ: NTLA) Right Now?
Additionally, the 36-month beta value for NTLA is 1.75. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 6 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NTLA is 100.10M and currently, short sellers hold a 16.14% ratio of that float. The average trading volume of NTLA on November 18, 2024 was 1.99M shares.
NTLA’s Market Performance
The stock of Intellia Therapeutics Inc (NTLA) has seen a -20.00% decrease in the past week, with a -33.59% drop in the past month, and a -39.60% fall in the past quarter. The volatility ratio for the week is 7.25%, and the volatility levels for the past 30 days are at 6.82% for NTLA. The simple moving average for the last 20 days is -12.56% for NTLA stock, with a simple moving average of -39.89% for the last 200 days.
Analysts’ Opinion of NTLA
Many brokerage firms have already submitted their reports for NTLA stocks, with Goldman repeating the rating for NTLA by listing it as a “Neutral.” The predicted price for NTLA in the upcoming period, according to Goldman is $32 based on the research report published on February 23, 2024 of the current year 2024.
Canaccord Genuity gave a rating of “Buy” to NTLA, setting the target price at $66 in the report published on April 13th of the previous year.
NTLA Trading at -24.40% from the 50-Day Moving Average
After a stumble in the market that brought NTLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.85% of loss for the given period.
Volatility was left at 6.82%, however, over the last 30 days, the volatility rate increased by 7.25%, as shares sank -31.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.47% lower at present.
During the last 5 trading sessions, NTLA fell by -18.94%, which changed the moving average for the period of 200-days by -43.91% in comparison to the 20-day moving average, which settled at $16.02. In addition, Intellia Therapeutics Inc saw -54.08% 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 NTLA starting from Dube Michael P, who sale 2,012 shares at the price of $19.01 back on Oct 02 ’24. After this action, Dube Michael P now owns 47,012 shares of Intellia Therapeutics Inc, valued at $38,248 using the latest closing price.
Clark Eliana, the EVP, Chief Technical Officer of Intellia Therapeutics Inc, sale 405 shares at $22.93 during a trade that took place back on Jul 01 ’24, which means that Clark Eliana is holding 71,470 shares at $9,287 based on the most recent closing price.
Stock Fundamentals for NTLA
Current profitability levels for the company are sitting at:
- -12.48 for the present operating margin
- 0.82 for the gross margin
The net margin for Intellia Therapeutics Inc stands at -12.12. The total capital return value is set at -0.5. Equity return is now at value -52.23, with -43.22 for asset returns.
Currently, EBITDA for the company is -506.31 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 32.66. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.73.
Conclusion
In conclusion, Intellia Therapeutics Inc (NTLA) has seen bad 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’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.
