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In the latest session, Foghorn Therapeutics Inc (NASDAQ: FHTX) closed at $9.99 up 3.31% from its previous closing price of $9.67. In other words, the price has increased by $3.31 from its previous closing price. On the day, 1.1 million shares were traded. FHTX stock price reached its highest trading level at $10.25 during the session, while it also had its lowest trading level at $9.53.
Ratios:
For a deeper understanding of Foghorn Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.69 and its Current Ratio is at 5.69.
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, Jefferies on September 03, 2024, initiated with a Buy rating and assigned the stock a target price of $18.
On August 19, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $20.
On March 28, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $10.BofA Securities initiated its Buy rating on March 28, 2023, with a $10 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 18 ’24 when Costa Carlos sold 11,574 shares for $10.05 per share. The transaction valued at 116,319 led to the insider holds 0 shares of the business.
Costa Carlos sold 10,272 shares of FHTX for $103,131 on Sep 17 ’24. The Chief People Officer now owns 0 shares after completing the transaction at $10.04 per share. On Sep 16 ’24, another insider, Costa Carlos, who serves as the Chief People Officer of the company, sold 400 shares for $10.00 each. As a result, the insider received 4,000 and left with 0 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, FHTX now has a Market Capitalization of 552733696 and an Enterprise Value of 308472256. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.71. Its current Enterprise Value per Revenue stands at 8.767 whereas that against EBITDA is -3.367.
Stock Price History:
Over the past 52 weeks, FHTX has reached a high of $10.25, while it has fallen to a 52-week low of $2.70. The 50-Day Moving Average of the stock is 38.68%, while the 200-Day Moving Average is calculated to be 64.04%.
Shares Statistics:
For the past three months, FHTX has traded an average of 140.37K shares per day and 336470 over the past ten days. A total of 42.28M shares are outstanding, with a floating share count of 29.01M. Insiders hold about 47.57% of the company’s shares, while institutions hold 43.00% stake in the company. Shares short for FHTX as of 1724976000 were 1061738 with a Short Ratio of 7.56, compared to 1722384000 on 1204559. Therefore, it implies a Short% of Shares Outstanding of 1061738 and a Short% of Float of 2.54.
