Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $2.00 in the prior trading day, Quince Therapeutics Inc (NASDAQ: QNCX) closed at $1.82, down -9.00%. In other words, the price has decreased by -$9.00 from its previous closing price. On the day, 0.56 million shares were traded. QNCX stock price reached its highest trading level at $2.05 during the session, while it also had its lowest trading level at $1.6881.
Ratios:
Our goal is to gain a better understanding of QNCX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.53 and its Current Ratio is at 9.53. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.34.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 30 ’24 when Thye Dirk bought 77,000 shares for $0.70 per share. The transaction valued at 53,900 led to the insider holds 843,941 shares of the business.
Thye Dirk bought 77,500 shares of QNCX for $53,475 on Aug 29 ’24. The CEO AND CHIEF MEDICAL OFFICER now owns 766,941 shares after completing the transaction at $0.69 per share. On Aug 20 ’24, another insider, Ryan Charles S., who serves as the PRESIDENT of the company, bought 48,387 shares for $0.65 each. As a result, the insider paid 31,452 and bolstered with 122,461 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QNCX now has a Market Capitalization of 80082912 and an Enterprise Value of 37161552.
Stock Price History:
Over the past 52 weeks, QNCX has reached a high of $2.45, while it has fallen to a 52-week low of $0.51. The 50-Day Moving Average of the stock is 37.39%, while the 200-Day Moving Average is calculated to be 83.86%.
Shares Statistics:
The stock has traded on average 536.62K shares per day over the past 3-months and 313070 shares per day over the last 10 days, according to various share statistics. A total of 43.28M shares are outstanding, with a floating share count of 32.62M. Insiders hold about 25.87% of the company’s shares, while institutions hold 11.40% stake in the company. Shares short for QNCX as of 1730332800 were 2345565 with a Short Ratio of 3.34, compared to 1727654400 on 1920484. Therefore, it implies a Short% of Shares Outstanding of 2345565 and a Short% of Float of 5.86.
