Prelude Therapeutics Inc [PRLD] stock prices are up 7.14% to $1.05 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PRLD shares have gain 9.18% over the last week, with a monthly amount drifted -26.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Prelude Therapeutics Inc [NASDAQ: PRLD] stock has seen the most recent analyst activity on September 19, 2024, when H.C. Wainwright upgraded its rating to a Buy but kept the price target unchanged to $5 for it. Previously, Barclays downgraded its rating to Underweight on June 20, 2024, and kept the price target unchanged to $3. On March 13, 2024, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $7 on the stock. H.C. Wainwright downgraded its rating to a Neutral but stick to its price target of $5 on February 20, 2024. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $4 on December 19, 2023. BofA Securities downgraded its rating to Underperform for this stock on November 21, 2022, and downed its price target to $6. In a note dated September 09, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $19 to $11.
The stock price of Prelude Therapeutics Inc [PRLD] has been fluctuating between $0.93 and $6.80 over the past year. Currently, Wall Street analysts expect the stock to reach $6.25 within the next 12 months. Prelude Therapeutics Inc [NASDAQ: PRLD] shares were valued at $1.05 at the most recent close of the market. An investor can expect a potential return of 495.24% based on the average PRLD price forecast.
Analyzing the PRLD fundamentals
Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -22.3%, Pretax Profit Margin comes in at -20.47%, and Net Profit Margin reading is -20.47%. To continue investigating profitability, this company’s Return on Assets is posted at -0.67, Equity is -0.67 and Total Capital is -0.82.
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 0.9935 points at the first support level, and at 0.9369 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0933, and for the 2nd resistance point, it is at 1.1365.
Ratios To Look Out For
It’s worth pointing out that Prelude Therapeutics Inc [NASDAQ:PRLD]’s Current Ratio is 7.04. On the other hand, the Quick Ratio is 7.04, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 20.64, the price to book ratio is 0.37.
