Is There More Upside Ahead For Xeris Biopharma Holdings Inc (NASDAQ: XERS)

Xeris Biopharma Holdings Inc (XERS) concluded trading on Thursday at a closing price of $3.73, with 2.76 million shares of worth about $10.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.05% during that period and on December 05, 2024 the price saw a gain of about 4.48%. Currently the company’s common shares owned by public are about 149.00M shares, out of which, 141.35M shares are available for trading.

Stock saw a price change of 8.12% in past 5 days and over the past one month there was a price change of 14.42%. Year-to-date (YTD), XERS shares are showing a performance of 58.72% which increased to 100.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.69 but also hit the highest price of $3.64 during that period. The average intraday trading volume for Xeris Biopharma Holdings Inc shares is 1.68 million. The stock is currently trading 15.53% above its 20-day simple moving average (SMA20), while that difference is up 19.67% for SMA50 and it goes to 48.11% higher than SMA200.

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Xeris Biopharma Holdings Inc (NASDAQ: XERS) currently have 149.00M outstanding shares and institutions hold larger chunk of about 43.57% of that.

The stock has a current market capitalization of $556.07M and its 3Y-monthly beta is at 1.83. It has posted earnings per share of -$0.44 in the same period. It has Quick Ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XERS, volatility over the week remained 5.09% while standing at 5.62% over the month.

Stock’s fiscal year EPS is expected to rise by 20.54% while it is estimated to increase by 47.66% in next year.

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 Piper Sandler on November 11, 2024 offering a Neutral rating for the stock and assigned a target price of $3 to it. Coverage by Oppenheimer stated Xeris Biopharma Holdings Inc (XERS) stock as an Outperform in their note to investors on March 28, 2024, suggesting a price target of $5 for the stock. On August 28, 2023, Craig Hallum Initiated their recommendations, while on October 21, 2022, Jefferies Initiated their ratings for the stock with a price target of $4. Stock get a Buy rating from Craig Hallum on April 28, 2022.

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