The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of TransCode Therapeutics Inc (NASDAQ: RNAZ) was $1.16 for the day, up 42.38% from the previous closing price of $0.81. In other words, the price has increased by $42.38 from its previous closing price. On the day, 4.85 million shares were traded. RNAZ stock price reached its highest trading level at $1.2 during the session, while it also had its lowest trading level at $0.81.
Ratios:
Our analysis of RNAZ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.02.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 28 ’23 when Dudley Robert Michael bought 98,000 shares for $0.51 per share. The transaction valued at 49,980 led to the insider holds 180,262 shares of the business.
Fitzgerald Thomas A bought 49,350 shares of RNAZ for $25,168 on Sep 28 ’23. The Chief Financial Officer now owns 56,318 shares after completing the transaction at $0.51 per share. On Jun 21 ’23, another insider, Dudley Robert Michael, who serves as the Chief Executive Officer of the company, bought 12,000 shares for $2.65 each. As a result, the insider paid 31,818 and bolstered with 82,262 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, RNAZ now has a Market Capitalization of 7085338 and an Enterprise Value of 4420314.
Stock Price History:
Over the past 52 weeks, RNAZ has reached a high of $309.60, while it has fallen to a 52-week low of $0.42. The 50-Day Moving Average of the stock is 80.61%, while the 200-Day Moving Average is calculated to be -93.98%.
Shares Statistics:
RNAZ traded an average of 534.22K shares per day over the past three months and 1336430 shares per day over the past ten days. A total of 6.57M shares are outstanding, with a floating share count of 6.54M. Insiders hold about 0.53% of the company’s shares, while institutions hold 0.24% stake in the company. Shares short for RNAZ as of 1713139200 were 18555 with a Short Ratio of 0.03, compared to 1710460800 on 174746. Therefore, it implies a Short% of Shares Outstanding of 18555 and a Short% of Float of 0.32.
