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.
The closing price of Inozyme Pharma Inc (NASDAQ: INZY) was $1.41 for the day, up 6.82% from the previous closing price of $1.32. In other words, the price has increased by $6.82 from its previous closing price. On the day, 0.91 million shares were traded. INZY stock price reached its highest trading level at $1.485 during the session, while it also had its lowest trading level at $1.32.
Ratios:
Our analysis of INZY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 7.68 and its Current Ratio is at 7.68. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on December 12, 2024, initiated with a Outperform rating and assigned the stock a target price of $26.
On September 12, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $16.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 02 ’24 when Treco Douglas A sold 7,523 shares for $6.94 per share. The transaction valued at 52,210 led to the insider holds 20,665 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INZY now has a Market Capitalization of 90578680 and an Enterprise Value of 5762679.
Stock Price History:
The Beta on a monthly basis for INZY is 1.22, which has changed by -0.7412844 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, INZY has reached a high of $7.80, while it has fallen to a 52-week low of $1.24. The 50-Day Moving Average of the stock is -46.40%, while the 200-Day Moving Average is calculated to be -67.59%.
Shares Statistics:
INZY traded an average of 706.01K shares per day over the past three months and 1346730 shares per day over the past ten days. A total of 64.18M shares are outstanding, with a floating share count of 43.99M. Insiders hold about 31.52% of the company’s shares, while institutions hold 65.37% stake in the company. Shares short for INZY as of 1735603200 were 3701002 with a Short Ratio of 5.24, compared to 1732838400 on 3407026. Therefore, it implies a Short% of Shares Outstanding of 3701002 and a Short% of Float of 6.23.
