Better Times Ahead For Gossamer Bio Inc (NASDAQ: GOSS)?

Gossamer Bio Inc (GOSS) concluded trading on Thursday at a closing price of $0.72, with 7.3 million shares of worth about $5.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.22% during that period and on December 05, 2024 the price saw a gain of about 2.05%. Currently the company’s common shares owned by public are about 226.60M shares, out of which, 173.94M shares are available for trading.

Stock saw a price change of 1.94% in past 5 days and over the past one month there was a price change of -18.48%. Year-to-date (YTD), GOSS shares are showing a performance of -21.61% which decreased to -30.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $1.60 during that period. The average intraday trading volume for Gossamer Bio Inc shares is 931.81K. The stock is currently trading -4.21% below its 20-day simple moving average (SMA20), while that difference is down -17.81% for SMA50 and it goes to -22.38% lower than SMA200.

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Gossamer Bio Inc (NASDAQ: GOSS) currently have 226.60M outstanding shares and institutions hold larger chunk of about 57.01% of that.

The stock has a current market capitalization of $162.09M and its 3Y-monthly beta is at 1.89. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 6.74 while making debt-to-equity ratio of 3.76. 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 6.36% while standing at 6.33% over the month.

Stock’s fiscal year EPS is expected to rise by 76.09% while it is estimated to decrease by -147.28% 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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