Assessing Whether Recursion Pharmaceuticals Inc (NASDAQ: RXRX) Is Over- Or Undervalued

Recursion Pharmaceuticals Inc (RXRX) concluded trading on Wednesday at a closing price of $8.34, with 5.73 million shares of worth about $47.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 57.06% during that period and on May 01, 2024 the price saw a gain of about 6.65%. Currently the company’s common shares owned by public are about 226.26M shares, out of which, 162.03M shares are available for trading.

Stock saw a price change of 5.04% in past 5 days and over the past one month there was a price change of -4.90%. Year-to-date (YTD), RXRX shares are showing a performance of -15.42% which increased to 74.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.54 but also hit the highest price of $16.75 during that period. The average intraday trading volume for Recursion Pharmaceuticals Inc shares is 6.33 million. The stock is currently trading 2.12% above its 20-day simple moving average (SMA20), while that difference is down -18.46% for SMA50 and it goes to -10.32% lower than SMA200.

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Recursion Pharmaceuticals Inc (NASDAQ: RXRX) currently have 226.26M outstanding shares and institutions hold larger chunk of about 75.59% of that.

The stock has a current market capitalization of $1.98B and its 3Y-monthly beta is at 0.85. It has posted earnings per share of -$1.55 in the same period. It has Quick Ratio of 4.70 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RXRX, volatility over the week remained 7.23% while standing at 5.85% over the month.

Analysts are in expectations that Recursion Pharmaceuticals Inc (RXRX) stock would likely to be making an EPS of -$0.42 in the current quarter, while forecast for next quarter EPS is -$0.42 and it is -$1.86 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.46 which is -$0.39 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.34 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.14% while it is estimated to decrease by -7.82% in next year. EPS is likely to grow at an annualized rate of 12.00% for next 5-years, compared to annual growth of -43.41% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on May 22, 2023 offering an Equal-weight rating for the stock and assigned a target price of $8 to it. Coverage by Needham stated Recursion Pharmaceuticals Inc (RXRX) stock as a Buy in their note to investors on March 16, 2023, suggesting a price target of $17 for the stock. On September 16, 2022, KeyBanc Capital Markets Initiated their recommendations, while on April 18, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $10. Stock get a Mkt perform rating from SVB Leerink on March 04, 2022.

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