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X4 Pharmaceuticals Inc (NASDAQ: XFOR) Stock Is Buzzing Hot

X4 Pharmaceuticals Inc (NASDAQ:XFOR) price closed higher on Monday, February 12, jumping 7.24% above its previous close.

A look at the daily price movement shows that the last close reads $0.95. The company’s 5Y monthly beta was ticking 0.37. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.58 and 52-week low of $0.57. The stock added 21.41% on its value in the past month.

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X4 Pharmaceuticals Inc, which has a market valuation of $170.64 million, is expected to release its quarterly earnings report Mar 19, 2024 – Mar 25, 2024. Analysts tracking XFOR have forecast the quarterly EPS to shrink by -0.15 per share this quarter, while the same analysts predict the annual EPS to hit -$0.63 for the year 2024 and up to -$0.45 for 2024. In this case, analysts estimate an annual EPS growth of 58.60% for the year and 28.60% 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 no upward and no downward reviews. On the technical perspective front, indicators give XFOR a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

The overview shows that XFOR’s price is at present 25.97% off the SMA20 and 28.04% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 67.19, with weekly volatility standing at 9.59%. The indicator jumps to 8.47% when calculated based on the past 30 days. X4 Pharmaceuticals Inc (NASDAQ:XFOR)’s beta value is holding at 0.42, while the average true range (ATR) indicator is currently reading 0.07.

An analysis of the X4 Pharmaceuticals Inc (NASDAQ:XFOR) stock in terms of its daily trading volume indicates that the 3-month average is 0.97. However, this figure increases on the past 10-day timeline to an average of 1.27 million.

Current records show that the company has 167.29M in outstanding shares. The insiders’ percentage holdings are 24.26% of outstanding shares while the percentage share held by institutions stands at 44.85%. The stats also highlight that short interest as of Jan 31, 2024, stood at 12.8 million shares, which puts the short ratio at the time at 10.7. From this we can glean that short interest is 7.65% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 11.62 million. But the 21.65% upside, 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.