Quarterly Snapshot: Quick and Current Ratios for Dyne Therapeutics Inc (DYN)

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The closing price of Dyne Therapeutics Inc (NASDAQ: DYN) was $34.63 for the day, down -5.36% from the previous closing price of $36.59. In other words, the price has decreased by -$5.36 from its previous closing price. On the day, 1.62 million shares were traded. DYN stock price reached its highest trading level at $36.79 during the session, while it also had its lowest trading level at $34.545.

Ratios:

Our analysis of DYN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 26.63 and its Current Ratio is at 26.63. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

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, Chardan Capital Markets on May 21, 2024, Reiterated its Buy rating but revised its target price to $42 from $31 previously.

On April 30, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $40.

On February 20, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $36.H.C. Wainwright initiated its Buy rating on February 20, 2024, with a $36 target price.

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 19 ’24 when Kersten Dirk sold 78,739 shares for $36.17 per share. The transaction valued at 2,848,283 led to the insider holds 313,538 shares of the business.

Kersten Dirk sold 1,554 shares of DYN for $54,437 on Sep 18 ’24. The Director now owns 392,277 shares after completing the transaction at $35.03 per share. On Sep 18 ’24, another insider, HIGH SUSANNA GATTI, who serves as the Chief Operating Officer of the company, sold 8,976 shares for $34.41 each. As a result, the insider received 308,864 and left with 131,636 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, DYN now has a Market Capitalization of 3476886784 and an Enterprise Value of 2723758592.

Stock Price History:

Over the past 52 weeks, DYN has reached a high of $47.45, while it has fallen to a 52-week low of $6.40. The 50-Day Moving Average of the stock is -15.49%, while the 200-Day Moving Average is calculated to be 20.09%.

Shares Statistics:

DYN traded an average of 1.37M shares per day over the past three months and 1471640 shares per day over the past ten days. A total of 100.40M shares are outstanding, with a floating share count of 75.03M. Insiders hold about 25.27% of the company’s shares, while institutions hold 84.32% stake in the company. Shares short for DYN as of 1724976000 were 6867616 with a Short Ratio of 5.02, compared to 1722384000 on 9881196. Therefore, it implies a Short% of Shares Outstanding of 6867616 and a Short% of Float of 8.140001.

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