EQRx Inc. (EQRX) Insider Trading: What Insights Can Be Gained?

As of Friday close, EQRx Inc.’s (NASDAQ:EQRX) stock was up $0.15, moving up 2.70 percent to $5.70. The average number of shares traded per day over the past five days has been 1,181,460 shares. 3 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 1,492,005, while in the previous 50 days, it was 2,592,668.

Since last month, EQRX stock rose 1.97%. Shares of the company fell to $4.29 on 07/15/22, the lowest level in the past month. A 52-week high of $10.23 was reached on 01/03/22 after having rallying from a 52-week low of $2.63. Since the beginning of this year, EQRX’s stock price has dropped by -16.42% or -$1.12, and marked a new high 1 time. However, the stock has declined by -44.28% since its 52-week high.


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Financial Health

In the three months ended March 30, EQRx Inc.’s quick ratio stood at 29.20, while its current ratio was 29.20, showing that the company is able to pay off its debt.

While analysts expected EQRx Inc. to report -$0.24 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by 116.70%. The liabilities of EQRx Inc. were 125.54 million at the end of its most recent quarter ended March 30, and its total debt was $2.63 million. The value of shareholders’ equity is $487.76 million.

Technical Picture

This quick technical analysis looks at EQRx Inc.’s (EQRX) price momentum. With a historical volatility rate of 62.79%, the RSI 9-day stood at 66.61% on 05 August.

With respect to its five-day moving average, the current EQRx Inc. price is up by +4.59% percent or $0.25. At present, EQRX shares trade +1.79% above its 20-day simple moving average and +54.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +32.56% above its SMA50 and -42.54% below its SMA200.

Stochastic coefficient K was 91.54% and Stochastic coefficient D was 80.06%, while ATR was 0.41. Given the Stochastic reading of 97.56% for the 14-day period, the RSI (14) reading has been calculated as 61.81%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 0.36.

Analyst Ratings

Goldman launched its rating on EQRx Inc. (NASDAQ: EQRX) to a Buy in a note to investors on June 13, 2022. EQRx Inc. (EQRX) has been rated Buy by analysts. According to 0 brokerage firms, EQRX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate EQRx Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $5.60 – $8.00. Based on these forecasts, analysts predict EQRx Inc. (EQRX) will achieve an average price target of $6.87.

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