Scotiabank raised the price target for the NewAmsterdam Pharma Company NV (NASDAQ:NAMS) stock to “a Sector outperform”. The rating was released on March 14, 2024, according to finviz. The research report from Piper Sandler has initiated the stock to Overweight, with a price target set at $37. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on October 30, 2023, to Outperform and set the price objective to $25.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 2.90% within the last five trades and -11.48% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 168.97% in the last 6 months and 10.86% was added to its value over the previous 3 months. NAMS stock is trading at a margin of -8.58%, -9.01% and 42.06% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, NAMS deals in the Healthcare domain. The stock is trading -26.00 percent below its 52-week high and 246.20 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 -0.93. 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 NewAmsterdam Pharma Company NV’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 0.00 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 $1.74 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. The firm managed a Price-to-Book ratio of 3.48, 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, 56.03 percent of NewAmsterdam Pharma Company NV shares are owned by insiders, and 27.78 percent are held by financial institutions. Topper James N, the Director at NewAmsterdam Pharma Company NV (NAMS) has bought 8,429 shares of firm on Mar 26 ’24 at a price of $21.50 against the total amount of $0.18 million. In another inside trade, Kastelein Johannes Jacob Piete, Chief Scientific Officer of NewAmsterdam Pharma Company NV (NASDAQ:NAMS) sold 190,476 shares of the firm on Mar 26 ’24 for a total worth of $4.1 million at a price of $21.50. An inside trade which took place on Feb 13 ’24, Director of NewAmsterdam Pharma Company NV LANGE LOUIS G bought 5,000 shares of firm against total price of $95000.0 at the cost of $19.00 per share.
