Inozyme Pharma Inc [INZY] stock is trading at $6.00, up 1.87%. An important factor to consider is whether the stock is rising or falling in short-term value. The INZY shares have gain 4.53% over the last week, with a monthly amount glided 5.08%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Inozyme Pharma Reports Full Year 2023 Financial Results and Provides Business Highlights. In a post published today on Yahoo Finance, – Topline data from ongoing Phase 1/2 trials of INZ-701 in adults with ABCC6 Deficiency and ENPP1 Deficiency expected in early April –.
From an analyst’s perspective:
Inozyme Pharma Inc [NASDAQ: INZY] stock has seen the most recent analyst activity on March 23, 2023, when Jefferies upgraded its rating to a Buy and also boosted its price target to $6 from $4.50. Previously, Jefferies started tracking the stock with Hold rating on May 26, 2022, and set its price target to $5. On February 07, 2022, H.C. Wainwright initiated with a Buy rating and assigned a price target of $33 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $23 on November 29, 2021. Wedbush initiated its recommendation with a Outperform and recommended $35 as its price target on August 18, 2020. Piper Sandler started tracking with a Overweight rating for this stock on August 18, 2020, and assigned it a price target of $40. In a note dated August 18, 2020, Cowen initiated an Outperform rating.
Inozyme Pharma Inc [INZY] stock has fluctuated between $2.59 and $7.33 over the past year. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Inozyme Pharma Inc [NASDAQ: INZY] shares were valued at $6.00 at the most recent close of the market. An investor can expect a potential return of 566.67% based on the average INZY price forecast.
Analyzing the INZY fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -0.55 and Total Capital is -0.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.77 points at the first support level, and at 5.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.23, and for the 2nd resistance point, it is at 6.47.
Inozyme Pharma Inc [INZY] reported earnings per share of -$0.33 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.32/share, meaning a difference of -$0.01 and a surprise factor of -3.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.29 per share as compared to estimates of -$0.32 per share, a difference of $0.03 representing a surprise of 9.40%.
Ratios To Look Out For
For context, Inozyme Pharma Inc’s Current Ratio is 13.36. On the other hand, the Quick Ratio is 13.36, and the Cash Ratio is 2.36.
Transactions by insiders
Recent insider trading involved Hopfner Robert Lorne, Director, that happened on Aug 01 ’23 when 0.83 million shares were purchased. Director, Pivotal bioVenture Partners Fu completed a deal on Aug 01 ’23 to buy 0.83 million shares. Meanwhile, Director Hopfner Robert Lorne bought 0.23 million shares on May 12 ’23.
