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The price of Third Harmonic Bio Inc (NASDAQ: THRD) closed at $13.93 in the last session, up 4.97% from day before closing price of $13.27. In other words, the price has increased by $4.97 from its previous closing price. On the day, 1.12 million shares were traded. THRD stock price reached its highest trading level at $14.3 during the session, while it also had its lowest trading level at $13.06.
Ratios:
We take a closer look at THRD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 41.13 and its Current Ratio is at 41.13. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 the company, Morgan Stanley on August 09, 2024, Upgraded its rating to Overweight and sets its target price to $20 from $12 previously.
On June 18, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $23.
On June 07, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $18.Raymond James initiated its Outperform rating on June 07, 2024, with a $18 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 29 ’24 when BVF PARTNERS L P/IL sold 1,000,000 shares for $14.30 per share. The transaction valued at 14,300,000 led to the insider holds 176,692 shares of the business.
Conner Edward R. sold 2,673 shares of THRD for $40,095 on Oct 28 ’24. The Chief Medical Officer now owns 0 shares after completing the transaction at $15.00 per share. On Oct 28 ’24, another insider, EDWARD CONNER, who serves as the Officer of the company, bought 4,790 shares for $13.15 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, THRD now has a Market Capitalization of 572488192 and an Enterprise Value of 293624992.
Stock Price History:
Over the past 52 weeks, THRD has reached a high of $16.94, while it has fallen to a 52-week low of $5.76. The 50-Day Moving Average of the stock is 6.54%, while the 200-Day Moving Average is calculated to be 17.77%.
Shares Statistics:
According to the various share statistics, THRD traded on average about 176.44K shares per day over the past 3-months and 209600 shares per day over the past 10 days. A total of 40.10M shares are outstanding, with a floating share count of 12.96M. Insiders hold about 68.46% of the company’s shares, while institutions hold 42.94% stake in the company. Shares short for THRD as of 1728950400 were 2784276 with a Short Ratio of 15.78, compared to 1726185600 on 1877440. Therefore, it implies a Short% of Shares Outstanding of 2784276 and a Short% of Float of 14.979999999999999.
