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In the latest session, Relay Therapeutics Inc (NASDAQ: RLAY) closed at $7.27 down -0.95% from its previous closing price of $7.34. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 1.63 million shares were traded. RLAY stock price reached its highest trading level at $7.865 during the session, while it also had its lowest trading level at $7.254.
Ratios:
For a deeper understanding of Relay Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 20.73 and its Current Ratio is at 20.73. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
On April 20, 2023, Jefferies Upgraded its rating to Hold which previously was Underperform but kept the price unchanged to $12.50.
Raymond James Upgraded its Outperform to Strong Buy on April 19, 2023, while the target price for the stock was maintained at $29.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 05 ’24 when Rahmer Peter sold 20,450 shares for $7.06 per share. The transaction valued at 144,377 led to the insider holds 432,425 shares of the business.
Rahmer Peter sold 40,595 shares of RLAY for $269,551 on Jun 04 ’24. The insider now owns 452,875 shares after completing the transaction at $6.64 per share. On Jun 03 ’24, another insider, Rahmer Peter, who serves as the insider of the company, sold 19,864 shares for $6.47 each. As a result, the insider received 128,520 and left with 493,470 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, RLAY now has a Market Capitalization of 974325376 and an Enterprise Value of 267729984. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.31 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 7.579 whereas that against EBITDA is -0.736.
Stock Price History:
Over the past 52 weeks, RLAY has reached a high of $13.32, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 6.61%, while the 200-Day Moving Average is calculated to be -15.62%.
Shares Statistics:
For the past three months, RLAY has traded an average of 1.27M shares per day and 1258920 over the past ten days. A total of 127.46M shares are outstanding, with a floating share count of 91.19M. Insiders hold about 31.30% of the company’s shares, while institutions hold 72.52% stake in the company. Shares short for RLAY as of 1715731200 were 11885608 with a Short Ratio of 9.35, compared to 1713139200 on 10692091. Therefore, it implies a Short% of Shares Outstanding of 11885608 and a Short% of Float of 11.5.
