On Friday, Passage Bio Inc (NASDAQ: PASG) was -12.06% drop from the session before settling in for the closing price of $0.59. A 52-week range for PASG has been $0.54 – $1.79.
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When this article was written, the company’s average yearly earnings per share was at 43.89%. With a float of $49.14 million, this company’s outstanding shares have now reached $54.94 million.
Considering the fact that the conglomerate employs 58 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 59.18%, operating margin of -1261.43%, and the pretax margin is -1163.73%.
Passage Bio Inc (PASG) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Passage Bio Inc stocks. The insider ownership of Passage Bio Inc is 17.16%, while institutional ownership is 42.68%. The most recent insider transaction that took place on Sep 19 ’24, was worth 27,903. In this transaction 10% Owner of this company sold 39,300 shares at a rate of $0.71, taking the stock ownership to the 7,794,569 shares. Before that another transaction happened on Sep 17 ’24, when Company’s 10% Owner sold 111,400 for $0.73, making the entire transaction worth $81,322. This insider now owns 7,859,500 shares in total.
Passage Bio Inc (PASG) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.3 earnings per share (EPS) during the time that was better than consensus figure (set at -0.4) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.89% per share during the next fiscal year.
Passage Bio Inc (NASDAQ: PASG) Trading Performance Indicators
You can see what Passage Bio Inc (PASG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 5.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.71 in one year’s time.
Technical Analysis of Passage Bio Inc (PASG)
Compared to the last year’s volume of 0.26 million, its volume of 0.26 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.54%. Additionally, its Average True Range was 0.07.
During the past 100 days, Passage Bio Inc’s (PASG) raw stochastic average was set at 3.81%, which indicates a significant decrease from 13.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.65% in the past 14 days, which was higher than the 89.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6423, while its 200-day Moving Average is $1.0055. Nevertheless, the first resistance level for the watch stands at $0.5880 in the near term. At $0.6570, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7040. If the price goes on to break the first support level at $0.4720, it is likely to go to the next support level at $0.4250. Should the price break the second support level, the third support level stands at $0.3560.
Passage Bio Inc (NASDAQ: PASG) Key Stats
There are 61,767K outstanding shares of the company, which has a market capitalization of 28.19 million. As of now, sales total 0 K while income totals -102,060 K. Its latest quarter income was 0 K while its last quarter net income were -15,990 K.
