While Inozyme Pharma Inc has overperformed by 0.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, INZY fell by -28.76%, with highs and lows ranging from $7.80 to $2.61, whereas the simple moving average fell by -47.56% in the last 200 days.
On September 12, 2024, Stifel started tracking Inozyme Pharma Inc (NASDAQ: INZY) recommending Buy. Wells Fargo also rated INZY shares as ‘Overweight’, setting a target price of $14 on the company’s shares in an initiating report dated May 30, 2024. Jefferies March 23, 2023d the rating to Buy on March 23, 2023, and set its price target from $4.50 to $6. Jefferies initiated its ‘Hold’ rating for INZY, as published in its report on May 26, 2022. H.C. Wainwright’s report from February 07, 2022 suggests a price prediction of $33 for INZY shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Buy’.
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Analysis of Inozyme Pharma Inc (INZY)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Inozyme Pharma 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 -79.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.68, 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 INZY is recording an average volume of 263.15K. On a monthly basis, the volatility of the stock is set at 7.51%, whereas on a weekly basis, it is put at 8.13%, with a loss of -5.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.75, showing growth from the present price of $2.65, which can serve as yet another indication of whether INZY is worth investing in or should be passed over.
How Do You Analyze Inozyme Pharma 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 32.28%. 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 63.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
INZY shares are owned by institutional investors to the tune of 63.25% at present.
