Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Gossamer Bio Inc (NASDAQ: GOSS) was $1.11 for the day, up 1.83% from the previous closing price of $1.09. In other words, the price has increased by $1.83 from its previous closing price. On the day, 1.39 million shares were traded. GOSS stock price reached its highest trading level at $1.18 during the session, while it also had its lowest trading level at $1.0701.
Ratios:
Our analysis of GOSS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.74 and its Current Ratio is at 6.74. In the meantime, Its Debt-to-Equity ratio is 3.76 whereas as Long-Term Debt/Eq ratio is at 3.73.
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, Oppenheimer on June 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $9.
UBS Downgraded its Buy to Neutral on July 27, 2023, whereas the target price for the stock was revised from $8 to $1.25.
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 Jun 24 ’24 when Aranda Richard sold 1,908 shares for $0.66 per share. The transaction valued at 1,260 led to the insider holds 196,891 shares of the business.
Hasnain Faheem bought 372,000 shares of GOSS for $250,282 on Jun 21 ’24. The President & CEO now owns 5,408,073 shares after completing the transaction at $0.67 per share. On Jun 18 ’24, another insider, Giraudo Bryan, who serves as the COO/CFO of the company, bought 100,000 shares for $0.59 each. As a result, the insider paid 59,110 and bolstered with 480,010 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, GOSS now has a Market Capitalization of 251530448 and an Enterprise Value of 128122592. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 4.65. Its current Enterprise Value per Revenue stands at 1.216 whereas that against EBITDA is -2.073.
Stock Price History:
Over the past 52 weeks, GOSS has reached a high of $1.60, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is 34.01%, while the 200-Day Moving Average is calculated to be 27.61%.
Shares Statistics:
GOSS traded an average of 1.32M shares per day over the past three months and 1075790 shares per day over the past ten days. A total of 226.60M shares are outstanding, with a floating share count of 174.03M. Insiders hold about 23.20% of the company’s shares, while institutions hold 57.01% stake in the company. Shares short for GOSS as of 1734048000 were 7017649 with a Short Ratio of 5.32, compared to 1731628800 on 6527517. Therefore, it implies a Short% of Shares Outstanding of 7017649 and a Short% of Float of 3.19.
