Considering EQRx Inc. (EQRX) as a potential investment: What Should You Do?

The price of EQRx Inc. (NASDAQ: EQRX) closed at $2.46 in the last session, down -1.60% from day before closing price of $2.50. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1855953 shares were traded. EQRX stock price reached its highest trading level at $2.5050 during the session, while it also had its lowest trading level at $2.4250.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Ratios:

We take a closer look at EQRX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 24.30 and its Current Ratio is at 24.30. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On November 11, 2022, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $5.60 to $3.20.

Goldman Downgraded its Buy to Neutral on November 11, 2022, whereas the target price for the stock was revised from $8 to $5.

Stock Price History:

Over the past 52 weeks, EQRX has reached a high of $6.05, while it has fallen to a 52-week low of $1.87. The 50-Day Moving Average of the stock is 2.9392, while the 200-Day Moving Average is calculated to be 4.3687.

Shares Statistics:

According to the various share statistics, EQRX traded on average about 3.42M shares per day over the past 3-months and 5.41M shares per day over the past 10 days. A total of 475.57M shares are outstanding, with a floating share count of 412.64M. Insiders hold about 10.98% of the company’s shares, while institutions hold 79.10% stake in the company. Shares short for EQRX as of Oct 13, 2022 were 23.14M with a Short Ratio of 16.38M, compared to 17.72M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.16% and a Short% of Float of 7.37%.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.22, with high estimates of -$0.22 and low estimates of -$0.23.

Analysts are recommending an EPS of between -$0.55 and -$0.71 for the fiscal current year, implying an average EPS of -$0.6. EPS for the following year is -$0.88, with 3 analysts recommending between -$0.78 and -$1.07.