The trading price of Gamida Cell Ltd (NASDAQ:GMDA) closed lower on Tuesday,March 12, closing at $0.31, -8.24% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.51 and a 52-week low of $0.22. Over the past month, the stock has lost -18.56% in value.
Gamida Cell Ltd, whose market valuation is $41.38 million at the time of this writing, is expected to release its quarterly earnings report Mar 25, 2024 – Mar 29, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.15 per share this quarter, however they have predicted annual earnings per share of -$0.71 for 2023 and -$0.56 for 2024. It means analysts are expecting annual earnings per share growth of 42.70% this year and 21.10% next year.
Analysts have forecast the company to bring in revenue of $1.06 million for the current quarter, with the likely lows of $700k and highs of $1.4 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $1.72 million.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Gamida Cell Ltd No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GMDA has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that GMDA’s price is currently -14.95% off the SMA20 and -11.67% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.54, and weekly volatility stands at 6.16%. When measured over the past 30 days, the indicator reaches 8.42%. Gamida Cell Ltd (NASDAQ:GMDA)’s beta value is currently sitting at 1.04, while the Average True Range indicator is currently displaying 0.03.
To see how Gamida Cell Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: GMDA stock’s performance was -8.24% in the latest trading, and -79.74% in the past year.
An evaluation of the daily trading volume of Gamida Cell Ltd (NASDAQ:GMDA) indicates that the 3-month average is 3.04 million. However, this figure has increased over the past 10 days to an average of 1.36 million.
Currently, records show that 132.64 million of the company’s shares remain outstanding. The insiders hold 11.84% of outstanding shares, whereas institutions hold 31.65%. The stats also highlight that short interest as of Feb 29, 2024, stood at 9.98 million shares, resulting in a short ratio of 3.51 at that time. From this, we can conclude that short interest is 7.53% of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 8.86 million. However, since the stock’s price has seen -24.40% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
