While Relay Therapeutics Inc has underperformed by -5.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RLAY fell by -14.08%, with highs and lows ranging from $12.14 to $5.70, whereas the simple moving average fell by -13.39% in the last 200 days.
On September 10, 2024, Jefferies Upgraded Relay Therapeutics Inc (NASDAQ: RLAY) to Buy. Jefferies April 20, 2023d its ‘Underperform’ rating to ‘Hold’ for RLAY, as published in its report on April 20, 2023. Raymond James’s report from April 19, 2023 suggests a price prediction of $29 for RLAY shares, giving the stock a ‘Strong Buy’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of Relay Therapeutics Inc (RLAY)
Further, the quarter-over-quarter decrease in sales is -100.00%, showing a negative trend in the upcoming months.
Relay Therapeutics Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -43.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 15.64, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and RLAY is registering an average volume of 1.91M. On a monthly basis, the volatility of the stock is set at 9.37%, whereas on a weekly basis, it is put at 6.05%, with a loss of -4.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.18, showing growth from the present price of $7.08, which can serve as yet another indication of whether RLAY is worth investing in or should be passed over.
How Do You Analyze Relay Therapeutics Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.23%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.77% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RLAY shares are owned by institutional investors to the tune of 55.77% at present.
