Citigroup raised the price target for the Morphic Holding Inc (NASDAQ:MORF) stock to “a Buy”. The rating was released on December 08, 2023, according to finviz. We previously noted in another research note published on September 25, 2023 by Stifel that reiterated the stock to a Hold with a price target of $33 for MORF stock. The stock was downgraded by Stifel, who disclosed in a research note on August 09, 2023, from Buy to Hold and set the price objective to $61. In their research brief published September 07, 2022, Stifel analysts initiated the Morphic Holding Inc stock to Buy with a price target of $44.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -1.93% within the last five trades and -14.56% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 34.81% in the last 6 months and 6.19% was added to its value over the previous 3 months. MORF stock is trading at a margin of -8.57%, -15.81% and -19.44% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, MORF deals in the Healthcare domain. The stock is trading -53.22 percent below its 52-week high and 52.55 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -6.98. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Morphic Holding Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -34296.74 percent and the profit margin is -29192.90 percent, and the company has reported a gross margin of -109.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.48 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2839.77 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.11, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 22.64 percent of Morphic Holding Inc shares are owned by insiders, and 84.45 percent are held by financial institutions. Tipirneni Praveen P., the CEO at Morphic Holding Inc (MORF) has sold 13,923 shares of firm on Jan 16 ’24 at a price of $27.49 against the total amount of $0.38 million. In another inside trade, Rogers Bruce, President of Morphic Holding Inc (NASDAQ:MORF) sold 6,314 shares of the firm on Jan 16 ’24 for a total worth of $0.17 million at a price of $27.49. An inside trade which took place on Jan 16 ’24, CFO and COO of Morphic Holding Inc SCHEGERIN MARC sold 6,041 shares of firm against total price of $0.17 million at the cost of $27.49 per share.
