F-star Therapeutics Inc. (NASDAQ:FSTX) finished Wednesday with an addition of $0.61 to close at $6.86, an upside of 9.76 percent. An average of 1,058,760 shares of common stock have been traded in the last five days. There was a gain of $2.54 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 396,030 shares traded, while the 50-day average volume stands at 303,644.
FSTX stock has increased by 26.80% in the last month. The company shares reached their 1-month lowest point of $4.01 on 12/19/22. With the stock rallying to its 52-week high on 12/28/22, shares of the company touched a low of $2.07 and a high of $6.76 in 52 weeks. It has reached a new high 9 times so far this year and achieved 36.65% or $1.84 in price. In spite of this, the price is up 1.48% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
F-star Therapeutics Inc. (FSTX) stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.32, the price-to-book (PB) ratio at 2.63.
The quick ratio of F-star Therapeutics Inc. for the three months ended September 29 was 3.40, and the current ratio was 3.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.17 for the quarter ending September 29. Its gross profit as reported stood at $51.88 million compared to revenue of $21.17 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, F-star Therapeutics Inc.’s return on assets was -42.40%.
For the three-month period that ended September 29, F-star Therapeutics Inc. had $8.53 million in total debt. The company posted a net income of -$18.41 million in the quarter, while revenues of -$18.99 million were grew 41.39%. The analyst consensus anticipated F-star Therapeutics Inc.’s latest quarter earnings to come in at -$0.79 per share, but it turned out to be -$0.84, a -6.30% surprise. For the quarter, EBITDA amounted to -$13.46 million. Shareholders own equity worth $21.98 million.
From a technical analysis perspective, let’s take a brief look at F-star Therapeutics Inc. (FSTX) price momentum. RSI 9-day as of the close on 28 December was 71.36%, suggesting the stock is Overbought, with historical volatility in this time frame at 203.20%.
As of today, FSTX’s price is $5.91 +58.80% or $2.54 from its 5-day moving average. FSTX is currently trading +24.05% higher than its 20-day SMA and +3.94% higher than its 100-day SMA. However, the stock’s current price level is +15.10% above the SMA50 and +147.65% above the SMA200.
The stochastic %K and %D were 91.58% and 86.46%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 97.60% and the average true range at 0.50, the RSI (14) stands at 66.53%. The stock has reached 0.79 on the 9-day MACD Oscillator while the 14-day reading was at 0.75.
H.C. Wainwright downgraded F-star Therapeutics Inc. (NASDAQ: FSTX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for F-star Therapeutics Inc. (FSTX) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FSTX, while 3 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 FSTX’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for F-star Therapeutics Inc. (FSTX) stock is $7.00.