The price of Disc Medicine Inc (NASDAQ: IRON) closed at $63.63 in the last session, down -1.23% from day before closing price of $64.42. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 695510 shares were traded. IRON stock price reached its highest trading level at $65.99 during the session, while it also had its lowest trading level at $63.10.
Ratios:
We take a closer look at IRON’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 25.96 and its Current Ratio is at 25.96. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 the company, Morgan Stanley on December 19, 2023, Downgraded its rating to Equal-Weight and sets its target price to $65 from $56 previously.
On June 09, 2023, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also upped its target price recommendation from $50 to $75.
On June 07, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $55.H.C. Wainwright initiated its Buy rating on June 07, 2023, with a $55 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 Mar 05 ’24 when Bitterman Kevin sold 26,157 shares for $73.50 per share. The transaction valued at 1,922,540 led to the insider holds 677,503 shares of the business.
Bitterman Kevin sold 102,500 shares of IRON for $6,934,125 on Jan 23 ’24. The Director now owns 198,326 shares after completing the transaction at $67.65 per share. On Jan 23 ’24, another insider, Atlas Venture Fund X, L.P., who serves as the 10% Owner of the company, sold 102,500 shares for $67.65 each. As a result, the insider received 6,934,125 and left with 198,326 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, IRON now has a Market Capitalization of 1.54B and an Enterprise Value of 1.17B.
Stock Price History:
Over the past 52 weeks, IRON has reached a high of $77.60, while it has fallen to a 52-week low of $18.25. The 50-Day Moving Average of the stock is 65.16, while the 200-Day Moving Average is calculated to be 53.50.
Shares Statistics:
According to the various share statistics, IRON traded on average about 290.40K shares per day over the past 3-months and 403.55k shares per day over the past 10 days. A total of 17.40M shares are outstanding, with a floating share count of 12.30M. Insiders hold about 49.04% of the company’s shares, while institutions hold 53.04% stake in the company. Shares short for IRON as of Feb 29, 2024 were 1.19M with a Short Ratio of 4.09, compared to 1.32M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.92% and a Short% of Float of 9.32%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.78 for the current quarter, with a high estimate of -$0.55 and a low estimate of -$1.05, while EPS last year was -$1.22. The consensus estimate for the next quarter is -$0.82, with high estimates of -$0.7 and low estimates of -$0.87.
Analysts are recommending an EPS of between -$0.74 and -$3.58 for the fiscal current year, implying an average EPS of -$2.92. EPS for the following year is -$4.2, with 8 analysts recommending between -$3.29 and -$7.55.
