While Dyne Therapeutics Inc has overperformed by 16.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DYN rose by 292.30%, with highs and lows ranging from $47.45 to $8.05, whereas the simple moving average jumped by 6.23% in the last 200 days.
On October 24, 2024, JP Morgan Downgraded Dyne Therapeutics Inc (NASDAQ: DYN) to Neutral. A report published by Chardan Capital Markets on May 21, 2024, Reiterated its previous ‘Buy’ rating for DYN. Morgan Stanley also rated DYN shares as ‘Overweight’, setting a target price of $40 on the company’s shares in an initiating report dated April 30, 2024. H.C. Wainwright Initiated an Buy rating on February 20, 2024, and assigned a price target of $36. Raymond James February 27, 2023d its ‘Outperform’ rating to ‘Strong Buy’ for DYN, as published in its report on February 27, 2023. Oppenheimer’s report from February 15, 2023 suggests a price prediction of $34 for DYN shares, giving the stock a ‘Outperform’ rating. Guggenheim also rated the stock as ‘Buy’.
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Analysis of Dyne Therapeutics Inc (DYN)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Dyne Therapeutics Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -68.69% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 17.02, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and DYN is recording an average volume of 1.25M. On a monthly basis, the volatility of the stock is set at 5.52%, whereas on a weekly basis, it is put at 10.40%, with a gain of 14.49% over the past seven days. Furthermore, long-term investors anticipate a median target price of $51.50, showing growth from the present price of $34.13, which can serve as yet another indication of whether DYN is worth investing in or should be passed over.
How Do You Analyze Dyne Therapeutics Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 25.02%. 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 85.57% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DYN shares are owned by institutional investors to the tune of 85.57% at present.
