LENZ Therapeutics Inc (LENZ) kicked off at the price of $21.18: Venture capitalists have an exciting new opportunity

LENZ Therapeutics Inc (NASDAQ: LENZ) kicked off on Friday, down -7.91% from the previous trading day, before settling in for the closing price of $23.00. Over the past 52 weeks, LENZ has traded in a range of $14.42-$38.93.

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While this was happening, its average annual earnings per share was recorded -27.09%. With a float of $22.61 million, this company’s outstanding shares have now reached $27.52 million.

Let’s determine the extent of company efficiency that accounts for 42 employees. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.

LENZ Therapeutics Inc (LENZ) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of LENZ Therapeutics Inc is 17.89%, while institutional ownership is 79.09%. The most recent insider transaction that took place on May 14 ’24, was worth 49,988. In this transaction Chief Financial Officer of this company bought 3,188 shares at a rate of $15.68, taking the stock ownership to the 3,188 shares. Before that another transaction happened on May 13 ’24, when Company’s Director bought 31,332 for $15.99, making the entire transaction worth $501,093. This insider now owns 525,565 shares in total.

LENZ Therapeutics Inc (LENZ) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -27.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.15% during the next five years compared to -181.63% drop over the previous five years of trading.

LENZ Therapeutics Inc (NASDAQ: LENZ) Trading Performance Indicators

Take a look at LENZ Therapeutics Inc’s (LENZ) current performance indicators. Last quarter, stock had a quick ratio of 20.36.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.77, a number that is poised to hit -0.55 in the next quarter and is forecasted to reach -2.80 in one year’s time.

Technical Analysis of LENZ Therapeutics Inc (LENZ)

Looking closely at LENZ Therapeutics Inc (NASDAQ: LENZ), its last 5-days average volume was 0.3 million, which is a jump from its year-to-date volume of 0.19 million. As of the previous 9 days, the stock’s Stochastic %D was 18.15%. Additionally, its Average True Range was 1.91.

During the past 100 days, LENZ Therapeutics Inc’s (LENZ) raw stochastic average was set at 5.84%, which indicates a significant decrease from 14.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.23% in the past 14 days, which was higher than the 62.92% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $24.52, while its 200-day Moving Average is $25.44. However, in the short run, LENZ Therapeutics Inc’s stock first resistance to watch stands at $22.11. Second resistance stands at $23.03. The third major resistance level sits at $24.05. If the price goes on to break the first support level at $20.17, it is likely to go to the next support level at $19.15. Now, if the price goes above the second support level, the third support stands at $18.23.

LENZ Therapeutics Inc (NASDAQ: LENZ) Key Stats

The company with the Market Capitalisation of 583.36 million has total of 27,543K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -49,770 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -12,650 K.