Trading Day Review: Intellia Therapeutics Inc (NTLA) Gains Momentum, Closing at 19.52

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The price of Intellia Therapeutics Inc (NASDAQ: NTLA) closed at $19.52 in the last session, up 0.05% from day before closing price of $19.51. In other words, the price has increased by $0.05 from its previous closing price. On the day, 1.8 million shares were traded. NTLA stock price reached its highest trading level at $19.92 during the session, while it also had its lowest trading level at $19.3.

Ratios:

We take a closer look at NTLA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.21 and its Current Ratio is at 7.21. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.09.

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, Goldman on February 23, 2024, Downgraded its rating to Neutral and sets its target price to $32 from $136 previously.

On April 13, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $66.Canaccord Genuity initiated its Buy rating on April 13, 2023, with a $66 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 Oct 02 ’24 when Dube Michael P sold 2,012 shares for $19.01 per share. The transaction valued at 38,248 led to the insider holds 47,012 shares of the business.

Clark Eliana sold 405 shares of NTLA for $9,287 on Jul 01 ’24. The EVP, Chief Technical Officer now owns 71,470 shares after completing the transaction at $22.93 per share. On Jun 17 ’24, another insider, Verwiel Frank, who serves as the Director of the company, sold 1,505 shares for $25.00 each. As a result, the insider received 37,625 and left with 17,948 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, NTLA now has a Market Capitalization of 1982822144 and an Enterprise Value of 1398052736. For the stock, the TTM Price-to-Sale (P/S) ratio is 43.13 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 30.414 whereas that against EBITDA is -2.719.

Stock Price History:

Over the past 52 weeks, NTLA has reached a high of $34.87, while it has fallen to a 52-week low of $17.09. The 50-Day Moving Average of the stock is -7.56%, while the 200-Day Moving Average is calculated to be -20.37%.

Shares Statistics:

According to the various share statistics, NTLA traded on average about 1.44M shares per day over the past 3-months and 1842320 shares per day over the past 10 days. A total of 101.58M shares are outstanding, with a floating share count of 99.79M. Insiders hold about 1.77% of the company’s shares, while institutions hold 85.98% stake in the company. Shares short for NTLA as of 1727654400 were 15142172 with a Short Ratio of 10.52, compared to 1724976000 on 13703315. Therefore, it implies a Short% of Shares Outstanding of 15142172 and a Short% of Float of 16.99.

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