While Ideaya Biosciences Inc has underperformed by -1.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IDYA fell by -17.13%, with highs and lows ranging from $47.74 to $25.62, whereas the simple moving average fell by -33.13% in the last 200 days.
On November 18, 2024, Stephens started tracking Ideaya Biosciences Inc (NASDAQ: IDYA) recommending Overweight. A report published by Leerink Partners on November 05, 2024, Downgraded its rating to ‘Market Perform’ for IDYA. UBS also rated IDYA shares as ‘Buy’, setting a target price of $50 on the company’s shares in an initiating report dated October 24, 2024. Mizuho initiated its ‘Outperform’ rating for IDYA, as published in its report on July 08, 2024. BTIG Research’s report from March 08, 2024 suggests a price prediction of $55 for IDYA shares, giving the stock a ‘Buy’ rating. SVB Securities also rated the stock as ‘Outperform’.
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Analysis of Ideaya Biosciences Inc (IDYA)
Further, the quarter-over-quarter decrease in sales is -100.00%, showing a negative trend in the upcoming months.
Ideaya Biosciences Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -21.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 22.93, 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.
The average volume for any stock is also a very valuable indicator of volatility, and IDYA has an average volume of 736.44K. On a monthly basis, the volatility of the stock is set at 4.92%, whereas on a weekly basis, it is put at 5.75%, with a loss of -16.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.87, showing growth from the present price of $25.54, which can serve as yet another indication of whether IDYA is worth investing in or should be passed over.
How Do You Analyze Ideaya Biosciences Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 10.67%. 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 99.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IDYA shares are owned by institutional investors to the tune of 99.49% at present.
