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The price of Foghorn Therapeutics Inc (NASDAQ: FHTX) closed at $4.65 in the last session, down -0.85% from day before closing price of $4.69. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 90366.0 shares were traded. FHTX stock price reached its highest trading level at $4.79 during the session, while it also had its lowest trading level at $4.63.
Ratios:
We take a closer look at FHTX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.77 and its Current Ratio is at 4.77.
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:
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 Sep 20 ’24 when Costa Carlos sold 35,756 shares for $10.04 per share. The transaction valued at 358,990 led to the insider holds 0 shares of the business.
Costa Carlos sold 857 shares of FHTX for $8,716 on Sep 23 ’24. The Chief People Officer now owns 0 shares after completing the transaction at $10.17 per share. On Sep 18 ’24, another insider, Costa Carlos, who serves as the Chief People Officer of the company, sold 11,574 shares for $10.05 each. As a result, the insider received 116,319 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 258507920 and an Enterprise Value of 30181060. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.13. Its current Enterprise Value per Revenue stands at 1.183 whereas that against EBITDA is -0.306.
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 -32.34%, while the 200-Day Moving Average is calculated to be -31.28%.
Shares Statistics:
According to the various share statistics, FHTX traded on average about 154.35K shares per day over the past 3-months and 158330 shares per day over the past 10 days. A total of 55.59M shares are outstanding, with a floating share count of 28.04M. Insiders hold about 49.55% of the company’s shares, while institutions hold 41.61% stake in the company. Shares short for FHTX as of 1734048000 were 948603 with a Short Ratio of 6.15, compared to 1731628800 on 983469. Therefore, it implies a Short% of Shares Outstanding of 948603 and a Short% of Float of 2.26.
