Watching Iterum Therapeutics plc (ITRM) For Insider Activity

Iterum Therapeutics plc (NASDAQ:ITRM) trading with a subtraction to $0.53 on Thursday, a downside of -0.90 percent. An average of 2,157,025 shares of common stock have been traded in the last five days. There was a fall of -$0.0027 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 6,024,706 shares traded, while the 50-day average volume stands at 4,242,373.

ITRM stock has decreased by -10.92% in the last month. The company shares reached their 1-month lowest point of $0.5111 on 10/06/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $0.45 and a high of $2.99 in 52 weeks. It has reached a new high 10 times so far this year and lost -45.92% or -$0.4580 in price. In spite of this, the price is down -82.30% from the 52-week high.


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Insider Transactions

244 days have passed since Iterum Therapeutics plc (ITRM) last reported insider trading activity. DENNER ALEXANDER J, who is 10% Owner, most recently acquired $10,619,949 shares at $2.27 per share on Feb 12. In this transaction, the insider spent $24,107,284. 10% Owner, DENNER ALEXANDER J, disposed of 10,000,000 shares at a price of $2.59 on Feb 11. The insider now owns more than $25,900,000 worth of shares. Prior to that, President & CEO Fishman Corey N. went on to Sale 85,445 shares at $1.73 each on Jan 26. An amount of $147,820 was transacted.

Valuation Metrics

Iterum Therapeutics plc (ITRM) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.79 for the sector. The stock’s beta is 1.27. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.06.

The quick ratio of Iterum Therapeutics plc for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.54 for the quarter ending June 29. Its gross profit as reported stood at $32.13 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Iterum Therapeutics plc’s return on assets was -163.40%.

Earnings Surprise

For the three-month period that ended June 29, Iterum Therapeutics plc had $54.87 million in cash and short-term investments compared to $5.34 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.8 million in the quarter, while revenues of -$98.92 million were grew 260.51%. The analyst consensus anticipated Iterum Therapeutics plc’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be $0.04, a 166.70% surprise. For the quarter, EBITDA amounted to -$6.16 million. Shareholders own equity worth $182.78 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Iterum Therapeutics plc (ITRM) price momentum. RSI 9-day as of the close on 13 October was 39.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.92%.

As of today, ITRM’s price is $0.5323 -0.51% or -$0.0027 from its 5-day moving average. ITRM is currently trading -11.94% lower than its 20-day SMA and -53.01% lower than its 100-day SMA. However, the stock’s current price level is -29.26% below the SMA50 and -44.79% below the SMA200.

The stochastic %K and %D were 13.56% and 13.57%, respectively, and the average true range (ATR) was 0.0355. With the 14-day stochastic at 12.63% and the average true range at 0.0403, the RSI (14) stands at 38.71%. The stock has reached -0.0018 on the 9-day MACD Oscillator while the 14-day reading was at -0.0165.

Analyst Ratings

Gabelli & Co upgraded Iterum Therapeutics plc (NASDAQ: ITRM) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a a Sell.The consensus rating for Iterum Therapeutics plc (ITRM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ITRM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is ITRM’s price target for the next 12 months?

Analysts predict a range of price targets between $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for Iterum Therapeutics plc (ITRM) stock is $1.00.

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