Currently, Quoin Pharmaceuticals Ltd ADR’s (QNRX) stock is trading at $1.30, marking a gain of 157.94% from last night’s close. At this price, the stock is -78.96% below its 52-week high of $6.18 and 172.42% above its 52-week low of $0.48. Based on the past 30-day period, the stock price is -4.32% below the high and +95.27% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, QNRX’s SMA-200 is $1.3127.
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QNRX’s price to book ratio for the most recent quarter was 0.69, resulting in an 0.41 price to cash per share for the period.
How does Quoin Pharmaceuticals Ltd ADR (QNRX) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 2 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.00 in simple terms.
Quoin Pharmaceuticals Ltd ADR (QNRX): Earnings History
If we examine Quoin Pharmaceuticals Ltd ADR’s recent earnings history, in the last quarter ended on 6/30/2024, it posted adjusted earnings per share of -$0.39, slashing the consensus of -$0.61. In other words, it beat the consensus by $0.22, resulting in a 36.10% surprise. In the 3 months period before the previous quarter which was closed on 6/30/2024, the stock recorded adjusted earnings per share of -$0.39 in contrast with the Outlook of -$0.61. That was a difference of $0.22 and a surprise of 36.10%.
Quoin Pharmaceuticals Ltd ADR (QNRX): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 1 different analysts, who are expecting earnings to fall in between the range of -0.44 and -0.44 with an average Earnings Estimate of -0.44 which is in contrast with the last year earnings estimate of -1.95 and also replicates 77.44% growth rate year over year.
Quoin Pharmaceuticals Ltd ADR (NASDAQ: QNRX) Ownership Details
I will give a breakdown of the key shareholders in Quoin Pharmaceuticals Ltd ADR (QNRX). Recent figures show that the company’s insiders hold 2.39% of shares. A total of 11 institutional investors hold shares in the company, making 7.10% of its stock and 7.27% of its float.
Jun 30, 2024, it was reported that the Company’s largest institutional holder is Altium Capital Management, LP holding total of 103.13 shares that make 2.59% of the company’s total number of shares and are currently priced at 0.14 million.
The securities firm Renaissance Technologies, LLC holds 34.2 shares of QNRX, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.86%, and the holding percentage of shares is valued at 47879.0.
An overview of Quoin Pharmaceuticals Ltd ADR’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Quoin Pharmaceuticals Ltd ADR (QNRX) traded 1,406,604 shares per day, with a moving average of $0.5320 and price change of +0.3593. With the moving average of $0.5811 and a price change of +0.3906, about 1,145,794 shares changed hands on average over the past 50 days. Finally, QNRX’s 100-day average volume is 594,169 shares, alongside a moving average of $0.6121 and a price change of +0.2176.
