Analysts predict Humacyte Inc (HUMA) stock to reach $8 in the next 12 months

Currently, Humacyte Inc [HUMA] is trading at $4.49, up 1.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HUMA shares have gain 2.05% over the last week, with a monthly amount drifted -13.98%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Humacyte Inc [NASDAQ: HUMA] stock has seen the most recent analyst activity on December 11, 2023, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $6. Previously, Piper Sandler upgraded its rating to Neutral on August 14, 2023, and elevated its price target to $3.50. On June 22, 2023, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $6 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $4 on May 16, 2022. Cowen initiated its recommendation with a Outperform and recommended $17 as its price target on October 29, 2021. Oppenheimer started tracking with a Outperform rating for this stock on September 24, 2021, and assigned it a price target of $16. In a note dated September 22, 2021, BTIG Research initiated an Buy rating and provided a target price of $19 on this stock.

This stock has fluctuated between a low of $2.45 and a high of $9.97 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Humacyte Inc [NASDAQ: HUMA] shares were valued at $4.49 at the most recent close of the market. An investor can expect a potential return of 78.17% based on the average HUMA price forecast.

Analyzing the HUMA fundamentals

Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -10.43%, Pretax Profit Margin comes in at -14.17%, and Net Profit Margin reading is -14.17%. To continue investigating profitability, this company’s Return on Assets is posted at -1.33, Equity is 11.69 and Total Capital is -1.2.

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 4.40 points at the first support level, and at 4.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.58, and for the 2nd resistance point, it is at 4.67.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Humacyte Inc [NASDAQ:HUMA] is 1.10. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.98.

Transactions by insiders

Recent insider trading involved Constantino Michael T., Director, that happened on Dec 04 ’24 when 4600.0 shares were purchased. President, CEO and Director, Niklason Laura E completed a deal on Nov 19 ’24 to buy 1797.0 shares. Meanwhile, Director Dougan Brady W bought 1797.0 shares on Nov 19 ’24.

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