Set Your Sights On Gossamer Bio Inc (NASDAQ: GOSS)’S Upside Potential

Gossamer Bio Inc (GOSS) concluded trading on Thursday at a closing price of $1.23, with 3.17 million shares of worth about $3.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.76% during that period and on July 11, 2024 the price saw a gain of about 5.13%. Currently the company’s common shares owned by public are about 225.41M shares, out of which, 189.13M shares are available for trading.

Stock saw a price change of 19.42% in past 5 days and over the past one month there was a price change of 138.83%. Year-to-date (YTD), GOSS shares are showing a performance of 34.79% which decreased to -21.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.45 but also hit the highest price of $1.88 during that period. The average intraday trading volume for Gossamer Bio Inc shares is 2.34 million. The stock is currently trading 48.87% above its 20-day simple moving average (SMA20), while that difference is up 68.53% for SMA50 and it goes to 42.09% higher than SMA200.

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Gossamer Bio Inc (NASDAQ: GOSS) currently have 225.41M outstanding shares and institutions hold larger chunk of about 74.17% of that.

The stock has a current market capitalization of $278.25M and its 3Y-monthly beta is at 1.96. It has posted earnings per share of -$1.05 in the same period. It has Quick Ratio of 7.13 while making debt-to-equity ratio of 7.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GOSS, volatility over the week remained 12.22% while standing at 13.01% over the month.

Stock’s fiscal year EPS is expected to rise by 71.53% while it is estimated to decrease by -123.21% in next year. EPS is likely to shrink at an annualized rate of 5.20% for next 5-years, compared to annual growth of 11.99% 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 Oppenheimer on June 25, 2024 offering an Outperform rating for the stock and assigned a target price of $9 to it. Coverage by Wedbush stated Gossamer Bio Inc (GOSS) stock as an Outperform in their note to investors on April 05, 2024, suggesting a price target of $4 for the stock. Stock get a Neutral rating from Guggenheim on March 01, 2023.

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