Gossamer Bio Inc’s Market Journey: Closing Weak at 0.55, Down -8.60

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The closing price of Gossamer Bio Inc (NASDAQ: GOSS) was $0.55 for the day, down -8.60% from the previous closing price of $0.60. In other words, the price has decreased by -$8.60 from its previous closing price. On the day, 1.09 million shares were traded. GOSS stock price reached its highest trading level at $0.6299 during the session, while it also had its lowest trading level at $0.5411.


Our analysis of GOSS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 7.13 and its Current Ratio is at 7.13. In the meantime, Its Debt-to-Equity ratio is 7.82 whereas as Long-Term Debt/Eq ratio is at 7.37.

On July 27, 2023, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $8 to $1.25.

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 Mar 27 ’24 when Hasnain Faheem sold 23,172 shares for $1.16 per share. The transaction valued at 26,773 led to the insider holds 120,293 shares of the business.

Giraudo Bryan sold 6,430 shares of GOSS for $7,431 on Mar 27 ’24. The COO/CFO now owns 92,737 shares after completing the transaction at $1.16 per share. On Mar 27 ’24, another insider, Christian Waage, who serves as the EVP, Tech Ops and Admin of the company, sold 6,430 shares for $1.16 each. As a result, the insider received 7,430 and left with 585,934 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, GOSS now has a Market Capitalization of 124058504 and an Enterprise Value of 88717312.

Stock Price History:

Over the past 52 weeks, GOSS has reached a high of $1.88, while it has fallen to a 52-week low of $0.45. The 50-Day Moving Average of the stock is -30.48%, while the 200-Day Moving Average is calculated to be -38.08%.

Shares Statistics:

GOSS traded an average of 1.60M shares per day over the past three months and 1044970 shares per day over the past ten days. A total of 225.41M shares are outstanding, with a floating share count of 189.41M. Insiders hold about 16.27% of the company’s shares, while institutions hold 74.17% stake in the company. Shares short for GOSS as of 1715731200 were 12582453 with a Short Ratio of 7.88, compared to 1713139200 on 11112453. Therefore, it implies a Short% of Shares Outstanding of 12582453 and a Short% of Float of 5.7299999999999995.

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