While Upstream Bio Inc has overperformed by 8.20%, investors are advised to look at stock chart patterns for technical insight.
On November 05, 2024, William Blair started tracking Upstream Bio Inc (NASDAQ: UPB) recommending Outperform. A report published by TD Cowen on November 05, 2024, Initiated its previous ‘Buy’ rating for UPB. Piper Sandler also rated UPB shares as ‘Overweight’, setting a target price of $75 on the company’s shares in an initiating report dated November 05, 2024. JP Morgan Initiated an Overweight rating on November 05, 2024, and assigned a price target of $38.
Analysis of Upstream Bio Inc (UPB)
Upstream Bio 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. Taking into account the quick ratio of the company, currently set at 20.90, 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 UPB has an average volume of 430.68K. On a monthly basis, the volatility of the stock is set at 11.83%, whereas on a weekly basis, it is put at 15.64%, with a loss of -1.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $52.00, showing growth from the present price of $19.40, which can serve as yet another indication of whether UPB is worth investing in or should be passed over.
How Do You Analyze Upstream Bio 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 70.41%. 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 8.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UPB shares are owned by institutional investors to the tune of 8.00% at present.
