While Neumora Therapeutics Inc has underperformed by -0.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NMRA fell by -25.63%, with highs and lows ranging from $21.00 to $8.33, whereas the simple moving average fell by -7.21% in the last 200 days.
On November 05, 2024, JP Morgan Downgraded Neumora Therapeutics Inc (NASDAQ: NMRA) to Neutral. A report published by H.C. Wainwright on October 01, 2024, Initiated its previous ‘Buy’ rating for NMRA. Needham also rated NMRA shares as ‘Buy’, setting a target price of $23 on the company’s shares in an initiating report dated July 22, 2024. Mizuho Initiated an Outperform rating on July 08, 2024, and assigned a price target of $20. Deutsche Bank initiated its ‘Hold’ rating for NMRA, as published in its report on December 12, 2023. William Blair’s report from October 10, 2023 suggests a price prediction of $26 for NMRA shares, giving the stock a ‘Outperform’ rating. Stifel also rated the stock as ‘Buy’.
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Analysis of Neumora Therapeutics Inc (NMRA)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Neumora 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 -70.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 10.98, 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 NMRA is recording an average volume of 1.15M. On a monthly basis, the volatility of the stock is set at 5.92%, whereas on a weekly basis, it is put at 6.76%, with a gain of 4.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.49, showing growth from the present price of $10.86, which can serve as yet another indication of whether NMRA is worth investing in or should be passed over.
How Do You Analyze Neumora 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 65.74%. 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 29.79% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NMRA shares are owned by institutional investors to the tune of 29.79% at present.
