Market Insight: Eterna Therapeutics Inc (ERNA)’s Notable Drop, Closing at 0.36

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

In the latest session, Eterna Therapeutics Inc (NASDAQ: ERNA) closed at $0.36 down -4.44% from its previous closing price of $0.38. In other words, the price has decreased by -$4.44 from its previous closing price. On the day, 0.55 million shares were traded. ERNA stock price reached its highest trading level at $0.37 during the session, while it also had its lowest trading level at $0.3303.

Ratios:

For a deeper understanding of Eterna Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 0.48.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ERNA now has a Market Capitalization of 18577092 and an Enterprise Value of 51705952. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.96. Its current Enterprise Value per Revenue stands at 319.173 whereas that against EBITDA is -2.365.

Stock Price History:

The Beta on a monthly basis for ERNA is 4.33, which has changed by -0.75641024 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, ERNA has reached a high of $2.62, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -5.91%, while the 200-Day Moving Average is calculated to be -72.59%.

Shares Statistics:

For the past three months, ERNA has traded an average of 11.09M shares per day and 2294740 over the past ten days. A total of 51.37M shares are outstanding, with a floating share count of 44.01M. Insiders hold about 14.33% of the company’s shares, while institutions hold 1.33% stake in the company. Shares short for ERNA as of 1730332800 were 44458 with a Short Ratio of 0.49, compared to 1727654400 on 54421. Therefore, it implies a Short% of Shares Outstanding of 44458 and a Short% of Float of 0.09000000400000001.

Earnings Estimates

The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

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