EQRx Inc (NASDAQ:EQRX) saw an upside of 1.63% to $2.25 after adding $0.04 on Tuesday. The 5-day average trading volume is 1,290,934 shares of the company’s common stock. It has gained $2.28 in the past week and touched a new high 1 time within the past 5 days. An average of 2,915,063 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,317,563.
EQRX’s 1-month performance is -2.35% or -$0.04 on its low of $2.16 reached on 09/08/23. The company’s shares have touched a 52-week low of $1.58 and high of $5.70, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, EQRX has lost -8.70% or -$0.20 and has reached a new high 4 times. However, the current price is down -60.63% from the 52-week high price.
Valuation Metrics
EQRX stock has a beta of 0.50. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.87.
EQRx Inc’s quick ratio for the period ended June 29 was 22.60, with the current ratio over the same period at 22.60.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -13.14% to -$72.96 million, while revenue of -$82.55 million was -13.14% off the previous quarter. Analysts expected EQRX to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.15, representing a -15.40% surprise. EQRX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 63.08 million, with total debt at $2.65 million. Shareholders hold equity totaling $487.42 million.
Let’s look briefly at EQRx Inc (EQRX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 50.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.42%.
The stock’s 5-day moving average is $2.24, reflecting a -0.66% or -$0.01 change from its current price. EQRX is currently trading -1.53% above its 20-day SMA, +30.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.75% and SMA200 by-29.09%.
Stochastic %K and %D was 45.16% and 43.75% and the average true range (ATR) pointed at 0.06. The RSI (14) points at 52.68%, while the 14-day stochastic is at 58.06% with the period’s ATR at 0.06. The stock’s 9-day MACD Oscillator is pointing at -0.02 and -0.03 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for EQRx Inc (NASDAQ: EQRX), JP Morgan downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for EQRX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EQRX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is EQRX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.10 and a high of $2.10, with their median price target at $2.10. Looking at these predictions, the average price target given by analysts is for EQRx Inc (EQRX) stock is $2.10.
