While Neumora Therapeutics Inc. has overperformed by 2.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NMRA fell by -0.08%, with highs and lows ranging from $21.00 to $8.33, whereas the simple moving average jumped by 2.69% in the last 200 days.
On July 22, 2024, Needham started tracking Neumora Therapeutics Inc. (NASDAQ: NMRA) recommending Buy. A report published by Mizuho on July 08, 2024, Initiated its previous ‘Outperform’ rating for NMRA. Deutsche Bank also rated NMRA shares as ‘Hold’, setting a target price of $13 on the company’s shares in an initiating report dated December 12, 2023. William Blair Initiated an Outperform rating on October 10, 2023, and assigned a price target of $26. Stifel initiated its ‘Buy’ rating for NMRA, as published in its report on October 10, 2023. RBC Capital Mkts’s report from October 10, 2023 suggests a price prediction of $24 for NMRA shares, giving the stock a ‘Outperform’ rating. JP Morgan also rated the stock as ‘Overweight’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Neumora Therapeutics Inc. (NMRA)
In order to gain a clear picture of Neumora Therapeutics Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -77.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 17.22, 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.
An average volume of 874.95K can be a very valuable indicator of volatility for NMRA stock. On a monthly basis, the volatility of the stock is set at 5.94%, whereas on a weekly basis, it is put at 6.04%, with a gain of 3.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.14, showing growth from the present price of $13.21, which can serve as yet another indication of whether NMRA is worth investing in or should be passed over.
How Do You Analyze Neumora Therapeutics Inc. Shares?
In addition to the fundamentals, you should also consider 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 65.69%. 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 27.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NMRA shares are owned by institutional investors to the tune of 27.63% at present.
