Currently, there are 49.75M common shares owned by the public and among those 39.53M shares have been available to trade.
The company’s stock has a 5-day price change of 63.60% and 84.94% over the past three months. MORF shares are trading 93.01% year to date (YTD), with the 12-month market performance down to -2.24% lower. It has a 12-month low price of $19.34 and touched a high of $62.08 over the same period. MORF has an average intraday trading volume of 514.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 84.89%, 87.15%, and 90.80% respectively.
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Institutional ownership of Morphic Holding Inc (NASDAQ: MORF) shares accounts for 88.40% of the company’s 49.75M shares outstanding.
It has a market capitalization of $2.79B and a beta (3y monthly) value of 1.49. The earnings-per-share (ttm) stands at -$3.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.27% over the week and 5.99% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.37%, and -6.89% over the next financial year.
Looking at the support for the MORF, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on December 08, 2023, with the firm’s price target at $46. Stifel coverage for the Morphic Holding Inc (MORF) stock in a research note released on September 25, 2023 offered a Hold rating with a price target of $33. BTIG Research was of a view on September 25, 2023 that the stock is Neutral, while Stifel gave the stock Hold rating on August 09, 2023, issuing a price target of $69- $61. Stifel on their part issued Buy rating on September 07, 2022.
