Y-Mabs Therapeutics Inc (YMAB) is gearing up for another turning point as it hit the volume of 0.82 million

Y-Mabs Therapeutics Inc (NASDAQ: YMAB) on Monday, soared 9.53% from the previous trading day, before settling in for the closing price of $13.11. Within the past 52 weeks, YMAB’s price has moved between $2.70 and $14.07.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 38.80%. The company achieved an average annual earnings per share of 69.05%. With a float of $32.89 million, this company’s outstanding shares have now reached $43.67 million.

Y-Mabs Therapeutics Inc (YMAB) Insider Activity

Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Y-Mabs Therapeutics Inc is 24.60%, while institutional ownership is 49.02%. The most recent insider transaction that took place on Dec 15, was worth 330,500. In this transaction Chief Business Officer of this company sold 50,000 shares at a rate of $6.61, taking the stock ownership to the 265,032 shares. Before that another transaction happened on Dec 14, when Company’s Chief Business Officer sold 50,000 for $6.83, making the entire transaction worth $341,500. This insider now owns 315,032 shares in total.

Y-Mabs Therapeutics Inc (YMAB) Earnings and Forecasts

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.18 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.19) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 69.05% per share during the next fiscal year.

Y-Mabs Therapeutics Inc (NASDAQ: YMAB) Trading Performance Indicators

Y-Mabs Therapeutics Inc (YMAB) is currently performing well based on its current performance indicators. A quick ratio of 4.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.74.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.44, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.74 in one year’s time.

Technical Analysis of Y-Mabs Therapeutics Inc (YMAB)

Compared to the last year’s volume of 0.45 million, its volume of 0.55 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 73.52%. Additionally, its Average True Range was 0.92.

During the past 100 days, Y-Mabs Therapeutics Inc’s (YMAB) raw stochastic average was set at 98.67%, which indicates a significant increase from 97.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.57% in the past 14 days, which was lower than the 74.11% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.83, while its 200-day Moving Average is $6.97. Nevertheless, the first resistance level for the watch stands at $14.91 in the near term. At $15.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.43. If the price goes on to break the first support level at $13.39, it is likely to go to the next support level at $12.42. Should the price break the second support level, the third support level stands at $11.87.

Y-Mabs Therapeutics Inc (NASDAQ: YMAB) Key Stats

Market capitalization of the company is 626.38 million based on 43,622K outstanding shares. Right now, sales total 65,270 K and income totals -95,570 K. The company made 20,450 K in profit during its latest quarter, and -7,750 K in sales during its previous quarter.