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Replimune Group Inc (NASDAQ: REPL) Continues To Point Downwards

Replimune Group Inc (NASDAQ:REPL) price closed higher on Friday, February 09, jumping 7.76% below its previous close.

A look at the daily price movement shows that the last close reads $13.33. The company’s 5Y monthly beta was ticking 1.23. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.07 and 52-week low of $5.89. The stock subtracted -13.97% on its value in the past month.

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Replimune Group Inc, which has a market valuation of $458.31 million, is expected to release its quarterly earnings report Feb 08, 2024. Analysts tracking REPL have forecast the quarterly EPS to shrink by -0.87 per share this quarter, while the same analysts predict the annual EPS to hit -$3.37 for the year 2024 and up to -$3.09 for 2025. In this case, analysts estimate an annual EPS growth of -12.70% for the year and 8.30% for the next year.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 5 upward and no downward reviews. On the technical perspective front, indicators give REPL a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that REPL’s price is at present 13.72% off the SMA20. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.86, with weekly volatility standing at 8.42%. The indicator jumps to 6.53% when calculated based on the past 30 days. Replimune Group Inc (NASDAQ:REPL)’s beta value is holding at 1.21, while the average true range (ATR) indicator is currently reading 0.59.

Turning out attention to how the Replimune Group Inc stock has performed in comparison to its peers in the industry, here’s what we find: REPL’s stock is 7.76% on the day and -72.35% in the past 12 months, while Johnson & Johnson (JNJ) traded 0.23%% in the last session and was positioned -3.32% down on its price 12 months ago. Turning out attention to how the Replimune Group Inc stock has performed in comparison to its peers in the industry, here’s what we find: REPL’s stock is 7.76% on the day and -72.35% in the past 12 months, while Johnson & Johnson (JNJ) traded 0.23%% in the last session and was positioned -3.32% down on its price 12 months ago. Another comparison is with Eli Lilly & Co. (LLY) whose stock price was up 0.61%% in the last trading session, and has flourished 114.46% over the past year. Also, Merck & Co. Inc. (MRK) showed down trend of -0.92%% while its price kept floating at 15.55% over the past year.

An analysis of the Replimune Group Inc (NASDAQ:REPL) stock in terms of its daily trading volume indicates that the 3-month average is 0.42. However, this figure increases on the past 10-day timeline to an average of 1.71 million.

Current records show that the company has 56.68M in outstanding shares. The insiders’ percentage holdings are 26.58% of outstanding shares while the percentage share held by institutions stands at 99.67%. The stats also highlight that short interest as of Jan 31, 2024, stood at 7.45 million shares, which puts the short ratio at the time at 4.39. From this we can glean that short interest is 12.14% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 8.69 million. But the -7.95% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.