Relay Therapeutics Inc (RLAY) volume exceeds 3.13 million: A new investment opportunity for investors

Relay Therapeutics Inc (NASDAQ: RLAY) kicked off on Friday, up 3.49% from the previous trading day, before settling in for the closing price of $6.30. Over the past 52 weeks, RLAY has traded in a range of $5.70-$13.32.

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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 319.82%. While this was happening, its average annual earnings per share was recorded -1.28%. With a float of $120.03 million, this company’s outstanding shares have now reached $127.46 million.

The extent of productivity of a business whose workforce counts for 323 workers is very important to gauge.

Relay Therapeutics Inc (RLAY) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Relay Therapeutics Inc is 9.58%, while institutional ownership is 72.39%. The most recent insider transaction that took place on Jun 05 ’24, was worth 144,377. In this transaction an insider of this company sold 20,450 shares at a rate of $7.06, taking the stock ownership to the 432,425 shares. Before that another transaction happened on Jun 04 ’24, when Company’s See remarks sold 40,595 for $6.64, making the entire transaction worth $269,551. This insider now owns 452,875 shares in total.

Relay Therapeutics Inc (RLAY) Performance Highlights and Predictions

According to the Wall Street analysts, stocks earnings will be around -1.28% per share during the next fiscal year.

Relay Therapeutics Inc (NASDAQ: RLAY) Trading Performance Indicators

Take a look at Relay Therapeutics Inc’s (RLAY) current performance indicators. Last quarter, stock had a quick ratio of 20.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 24.50.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.64, a number that is poised to hit -0.73 in the next quarter and is forecasted to reach -2.85 in one year’s time.

Technical Analysis of Relay Therapeutics Inc (RLAY)

The latest stats from [Relay Therapeutics Inc, RLAY] show that its last 5-days average volume of 1.29 million was superior to 1.22 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 20.39%. Additionally, its Average True Range was 0.53.

During the past 100 days, Relay Therapeutics Inc’s (RLAY) raw stochastic average was set at 15.02%, which indicates a significant decrease from 22.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.79% in the past 14 days, which was lower than the 67.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.77, while its 200-day Moving Average is $8.36. Now, the first resistance to watch is $6.71. This is followed by the second major resistance level at $6.91. The third major resistance level sits at $7.24. If the price goes on to break the first support level at $6.19, it is likely to go to the next support level at $5.86. Assuming the price breaks the second support level, the third support level stands at $5.66.

Relay Therapeutics Inc (NASDAQ: RLAY) Key Stats

The company with the Market Capitalisation of 865.46 million has total of 132,742K Shares Outstanding. Its annual sales at the moment are 25,550 K in contrast with the sum of -341,970 K annual income. Company’s last quarter sales were recorded 10,010 K and last quarter income was -81,390 K.