At the time of writing, Morphic Holding Inc [MORF] stock is trading at $29.51, up 2.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MORF shares have lost -1.93% over the last week, with a monthly amount drifted -14.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Morphic Holding Inc [NASDAQ: MORF] stock has seen the most recent analyst activity on December 08, 2023, when Citigroup initiated its Buy rating and assigned the stock a price target of $46. Previously, Stifel reaffirmed its Hold rating on September 25, 2023, and dropped its price target to $33. On September 25, 2023, downgrade downgraded it’s rating to Neutral. Stifel downgraded its rating to a Hold and decreased its price target to $61 on August 09, 2023. Stifel initiated its recommendation with a Buy and recommended $44 as its price target on September 07, 2022. SVB Leerink started tracking with a Outperform rating for this stock on July 20, 2022, and assigned it a price target of $45. In a note dated March 31, 2022, Canaccord Genuity initiated an Buy rating and provided a target price of $68 on this stock.
For the past year, the stock price of Morphic Holding Inc fluctuated between $19.34 and $63.08. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Morphic Holding Inc [NASDAQ: MORF] shares were valued at $29.51 at the most recent close of the market. An investor can expect a potential return of 103.32% based on the average MORF price forecast.
Analyzing the MORF fundamentals
According to Morphic Holding Inc [NASDAQ:MORF], the company’s sales were 0.52M for trailing twelve months, which represents an -100.00% plunge. Gross Profit Margin for this corporation currently stands at -1.09% with Operating Profit Margin at -342.97%, Pretax Profit Margin comes in at -291.2%, and Net Profit Margin reading is -291.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.24 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 28.67 points at the first support level, and at 27.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.95, and for the 2nd resistance point, it is at 30.39.
Ratios To Look Out For
It is important to note that Morphic Holding Inc [NASDAQ:MORF] has a current ratio of 28.94. As well, the Quick Ratio is 28.94, while the Cash Ratio is 2.36. Considering the valuation of this stock, the price to sales ratio is 2839.77, the price to book ratio is 2.11.
Transactions by insiders
Recent insider trading involved Tipirneni Praveen P., CEO, that happened on Jan 16 ’24 when 13923.0 shares were sold. President, Rogers Bruce completed a deal on Jan 16 ’24 to sell 6314.0 shares. Meanwhile, CFO and COO SCHEGERIN MARC sold 6041.0 shares on Jan 16 ’24.
