Market Momentum: Unicycive Therapeutics Inc (UNCY) Registers a 3.00 Increase, Closing at 0.31

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Unicycive Therapeutics Inc (NASDAQ: UNCY) closed the day trading at $0.31 up 3.00% from the previous closing price of $0.30. In other words, the price has increased by $3.00 from its previous closing price. On the day, 2.57 million shares were traded. UNCY stock price reached its highest trading level at $0.3147 during the session, while it also had its lowest trading level at $0.275.

Ratios:

For a better understanding of UNCY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.37 and its Current Ratio is at 3.37.

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, Piper Sandler on April 04, 2024, initiated with a Overweight rating and assigned the stock a target price of $9.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UNCY now has a Market Capitalization of 26475490 and an Enterprise Value of 6847164.

Stock Price History:

Over the past 52 weeks, UNCY has reached a high of $1.82, while it has fallen to a 52-week low of $0.20. The 50-Day Moving Average of the stock is -37.23%, while the 200-Day Moving Average is calculated to be -64.65%.

Shares Statistics:

Over the past 3-months, UNCY traded about 1.94M shares per day on average, while over the past 10 days, UNCY traded about 5332960 shares per day. A total of 94.36M shares are outstanding, with a floating share count of 83.54M. Insiders hold about 11.47% of the company’s shares, while institutions hold 26.56% stake in the company. Shares short for UNCY as of 1722384000 were 1338342 with a Short Ratio of 0.69, compared to 1719532800 on 1469576. Therefore, it implies a Short% of Shares Outstanding of 1338342 and a Short% of Float of 1.7000000000000002.

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