Morphic Holding Inc [MORF] stock prices are up 0.05% to $55.78 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MORF shares have gain 75.19% over the last week, with a monthly amount glided 97.80%, and 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.
The stock price of Morphic Holding Inc [MORF] has been fluctuating between $19.34 and $62.08 over the past year. Currently, Wall Street analysts expect the stock to reach $57 within the next 12 months. Morphic Holding Inc [NASDAQ: MORF] shares were valued at $55.78 at the most recent close of the market. An investor can expect a potential return of 2.19% based on the average MORF price forecast.
Analyzing the MORF fundamentals
The Morphic Holding Inc [NASDAQ:MORF] reported sales of 0.00M for trailing twelve months, representing a drop of -100.00%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.23 and Total Capital is -0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 55.70 points at the first support level, and at 55.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.85, and for the 2nd resistance point, it is at 55.92.
Ratios To Look Out For
It’s worth pointing out that Morphic Holding Inc [NASDAQ:MORF]’s Current Ratio is 38.17. As well, the Quick Ratio is 38.17, while the Cash Ratio is 2.51.
Transactions by insiders
Recent insider trading involved SCHEGERIN MARC, CFO and COO, that happened on Jul 08 ’24 when 43936.0 shares were sold. SVP Finance and CAO, Farrell Robert E Jr completed a deal on Jul 08 ’24 to sell 30272.0 shares. Meanwhile, President and CEO Tipirneni Praveen P. sold 21582.0 shares on Jul 08 ’24.
