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As of close of business last night, Relay Therapeutics Inc’s stock clocked out at $8.22, down -8.11% from its previous closing price of $8.94. In other words, the price has decreased by -$8.11 from its previous closing price. On the day, 0.97 million shares were traded. RLAY stock price reached its highest trading level at $8.925 during the session, while it also had its lowest trading level at $8.175.
Ratios:
To gain a deeper understanding of RLAY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 20.73 and its Current Ratio is at 20.73. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
On April 20, 2023, Jefferies Upgraded its rating to Hold which previously was Underperform but kept the price unchanged to $12.50.
Raymond James Upgraded its Outperform to Strong Buy on April 19, 2023, while the target price for the stock was maintained at $29.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 26 ’24 when Patel Sanjiv sold 36,706 shares for $9.07 per share. The transaction valued at 332,923 led to the insider holds 766,130 shares of the business.
Patel Sanjiv sold 50,000 shares of RLAY for $458,000 on Jul 25 ’24. The President and CEO now owns 766,130 shares after completing the transaction at $9.16 per share. On Jun 27 ’24, another insider, Catinazzo Thomas, who serves as the Chief Financial Officer of the company, sold 9,373 shares for $6.24 each. As a result, the insider received 58,493 and left with 330,430 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, RLAY now has a Market Capitalization of 1090475520 and an Enterprise Value of 393170880. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.86 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 11.129 whereas that against EBITDA is -1.08.
Stock Price History:
Over the past 52 weeks, RLAY has reached a high of $12.63, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 12.06%, while the 200-Day Moving Average is calculated to be -0.81%.
Shares Statistics:
It appears that RLAY traded 1.35M shares on average per day over the past three months and 1338500 shares per day over the past ten days. A total of 127.46M shares are outstanding, with a floating share count of 119.27M. Insiders hold about 10.15% of the company’s shares, while institutions hold 72.42% stake in the company. Shares short for RLAY as of 1721001600 were 8429792 with a Short Ratio of 6.23, compared to 1718323200 on 9854750. Therefore, it implies a Short% of Shares Outstanding of 8429792 and a Short% of Float of 8.1599995.
