Relay Therapeutics Inc [RLAY] stock prices are up 3.75% to $7.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RLAY shares have gain 11.63% over the last week, with a monthly amount drifted -20.53%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Relay Therapeutics Inc [NASDAQ: RLAY] stock has seen the most recent analyst activity on May 10, 2024, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $15 for it. Previously, Jefferies upgraded its rating to Hold on April 20, 2023, and kept the price target unchanged to $12.50. On April 19, 2023, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $29 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $29 on April 13, 2023. Oppenheimer initiated its recommendation with a Outperform and recommended $33 as its price target on February 03, 2023. Barclays started tracking with a Equal Weight rating for this stock on September 30, 2022, and assigned it a price target of $23. In a note dated September 02, 2022, Stifel initiated an Buy rating and provided a target price of $40 on this stock.
The stock price of Relay Therapeutics Inc [RLAY] has been fluctuating between $5.70 and $12.14 over the past year. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Relay Therapeutics Inc [NASDAQ: RLAY] shares were valued at $7.20 at the most recent close of the market. An investor can expect a potential return of 143.06% based on the average RLAY price forecast.
Analyzing the RLAY fundamentals
The Relay Therapeutics Inc [NASDAQ:RLAY] reported sales of 35.21M for trailing twelve months, representing a drop of -100.00%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -10.51%, Pretax Profit Margin comes in at -9.17%, and Net Profit Margin reading is -9.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -0.44 and Total Capital is -0.51. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 6.97 points at the first support level, and at 6.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.36, and for the 2nd resistance point, it is at 7.51.
Ratios To Look Out For
It’s worth pointing out that Relay Therapeutics Inc [NASDAQ:RLAY]’s Current Ratio is 15.64. As well, the Quick Ratio is 15.64, while the Cash Ratio is 2.98. Considering the valuation of this stock, the price to sales ratio is 27.38, the price to book ratio is 1.41.
Transactions by insiders
Recent insider trading involved Catinazzo Thomas, Chief Financial Officer, that happened on Jul 29 ’24 when 10780.0 shares were sold., Rahmer Peter completed a deal on Jul 30 ’24 to sell 15128.0 shares. Meanwhile, Rahmer Peter sold 13523.0 shares on Jul 29 ’24.
