Recursion Pharmaceuticals Inc (NASDAQ: RXRX) – Suitable For Long Term Buy?

Currently, there are 183.21M common shares owned by the public and among those 151.91M shares have been available to trade.

Insiders at the company have transacted a total of 143 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 61 of these insider trades were purchases, accounting for 1,600,110 shares. Insider sales of the common stock occurred on 82 occasions, with total insider shares sold totaling 1,753,434 shares.

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The company’s stock has a 5-day price change of 30.33% and 83.15% over the past three months. RXRX shares are trading 33.37% year to date (YTD), with the 12-month market performance up to 55.81% higher. It has a 12-month low price of $4.54 and touched a high of $16.75 over the same period. RXRX has an average intraday trading volume of 5.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 30.34%, 31.63%, and 52.01% respectively.

Institutional ownership of Recursion Pharmaceuticals Inc (NASDAQ: RXRX) shares accounts for 73.94% of the company’s 183.21M shares outstanding.

It has a market capitalization of $2.84B and a beta (3y monthly) value of 0.73. The earnings-per-share (ttm) stands at -$1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.48% over the week and 8.28% over the month.

Analysts forecast that Recursion Pharmaceuticals Inc (RXRX) will achieve an EPS of $Lexicon Pharmaceuticals, Inc. for the current quarter, $3.18 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Xerox Holdings Corporation while analysts give the company a high EPS estimate of $Royalty Pharma plc. Comparatively, EPS for the current quarter was $Regal Rexnord Corporation a year ago. Earnings per share for the fiscal year are expected to decrease by -21.23%, and -11.98% over the next financial year.

Looking at the support for the RXRX, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on May 22, 2023, with the firm’s price target at $8.

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