While ITeos Therapeutics Inc has underperformed by -1.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ITOS fell by -7.64%, with highs and lows ranging from $18.75 to $8.20, whereas the simple moving average fell by -31.91% in the last 200 days.
On August 13, 2024, Wells Fargo started tracking ITeos Therapeutics Inc (NASDAQ: ITOS) recommending Overweight. A report published by H.C. Wainwright on May 05, 2021, Initiated its previous ‘Buy’ rating for ITOS. Robert W. Baird also rated ITOS shares as ‘Outperform’, setting a target price of $45 on the company’s shares in an initiating report dated October 08, 2020. Wedbush Initiated an Outperform rating on August 18, 2020, and assigned a price target of $45. SVB Leerink initiated its ‘Outperform’ rating for ITOS, as published in its report on August 18, 2020. Piper Sandler’s report from August 18, 2020 suggests a price prediction of $50 for ITOS shares, giving the stock a ‘Overweight’ rating. JP Morgan also rated the stock as ‘Overweight’.
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Analysis of ITeos Therapeutics Inc (ITOS)
One of the most important indicators of ITeos Therapeutics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -16.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 18.08, 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 also provide valuable insight into volatility, and ITOS is recording 518.66K average volume. On a monthly basis, the volatility of the stock is set at 6.72%, whereas on a weekly basis, it is put at 4.45%, with a loss of -6.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.40, showing growth from the present price of $9.07, which can serve as yet another indication of whether ITOS is worth investing in or should be passed over.
How Do You Analyze ITeos Therapeutics Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 23.11%. 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 83.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ITOS shares are owned by institutional investors to the tune of 83.93% at present.
