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The closing price of Humacyte Inc (NASDAQ: HUMA) was $7.85 for the day, down -1.13% from the previous closing price of $7.94. In other words, the price has decreased by -$1.13 from its previous closing price. On the day, 2.67 million shares were traded. HUMA stock price reached its highest trading level at $8.09 during the session, while it also had its lowest trading level at $7.5.
Ratios:
Our analysis of HUMA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.37 and its Current Ratio is at 8.37. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.61.
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, H.C. Wainwright on December 11, 2023, initiated with a Buy rating and assigned the stock a target price of $6.
On August 14, 2023, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $2.75 to $3.50.
On June 22, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $6.Cantor Fitzgerald initiated its Overweight rating on June 22, 2023, with a $6 target price.
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 Jun 12 ’24 when Dougan Brady W sold 271,518 shares for $7.30 per share. The transaction valued at 1,982,081 led to the insider holds 4,559,140 shares of the business.
Niklason Laura E sold 271,518 shares of HUMA for $1,982,081 on Jun 12 ’24. The President, CEO and Director now owns 4,559,140 shares after completing the transaction at $7.30 per share. On Jun 11 ’24, another insider, Niklason Laura E, who serves as the President, CEO and Director of the company, sold 358,630 shares for $7.08 each. As a result, the insider received 2,537,943 and left with 4,830,658 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, HUMA now has a Market Capitalization of 934809408 and an Enterprise Value of 837875200.
Stock Price History:
Over the past 52 weeks, HUMA has reached a high of $9.97, while it has fallen to a 52-week low of $1.96. The 50-Day Moving Average of the stock is 15.60%, while the 200-Day Moving Average is calculated to be 93.51%.
Shares Statistics:
HUMA traded an average of 3.18M shares per day over the past three months and 3178350 shares per day over the past ten days. A total of 103.67M shares are outstanding, with a floating share count of 91.98M. Insiders hold about 22.76% of the company’s shares, while institutions hold 19.73% stake in the company. Shares short for HUMA as of 1721001600 were 14604973 with a Short Ratio of 4.59, compared to 1718323200 on 5203756. Therefore, it implies a Short% of Shares Outstanding of 14604973 and a Short% of Float of 16.18.
