Genprex Inc. (NASDAQ:GNPX) finished Wednesday with a subtraction of -$0.02 to close at $0.64, a downside of -3.18 percent. An average of 1,028,780 shares of common stock have been traded in the last five days. There was a fall of -$0.0810 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 949,975 shares traded, while the 50-day average volume stands at 782,290.
GNPX stock has decreased by -26.22% in the last month. The company shares reached their 1-month lowest point of $0.5500 on 08/09/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $0.66 and a high of $2.67 in 52 weeks. It has reached a new high 2 times so far this year and lost -55.86% or -$0.8100 in price. In spite of this, the price is down -76.03% from the 52-week high.
Valuation Metrics
Genprex Inc. (GNPX) stock’s beta is -0.18. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.73.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Genprex Inc.’s return on assets was -96.40%.
Earnings Surprise
The company posted a net income of -$9.2 million in the quarter, while revenues of -$6.77 million were grew 37.83%. The analyst consensus anticipated Genprex Inc.’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.19, a -58.30% surprise. At the end of the quarter ending March 30, Genprex Inc.’s stock balance sheet showed total liabilities of 4.83 million. Shareholders own equity worth $51.98 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Genprex Inc. (GNPX) price momentum. RSI 9-day as of the close on 09 August was 28.76%, suggesting the stock is oversold, with historical volatility in this time frame at 51.10%.
As of today, GNPX’s price is $0.6859 -11.23% or -$0.0810 from its 5-day moving average. GNPX is currently trading -18.97% lower than its 20-day SMA and -22.42% lower than its 100-day SMA. However, the stock’s current price level is -28.09% below the SMA50 and -50.00% below the SMA200.
The stochastic %K and %D were 10.51% and 7.51%, respectively, and the average true range (ATR) was 0.0734. With the 14-day stochastic at 25.79% and the average true range at 0.0738, the RSI (14) stands at 34.91%. The stock has reached -0.0511 on the 9-day MACD Oscillator while the 14-day reading was at -0.0708.
Analyst Ratings
National Securities launched coverage on Genprex Inc. (NASDAQ: GNPX) in its analyst report released on January 26, 2021. The firm assigned the stock a Buy rating. The consensus rating for Genprex Inc. (GNPX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GNPX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is GNPX’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Genprex Inc. (GNPX) stock is $3.00.
