Dyne Therapeutics Inc (NASDAQ: DYN) Drops -1.37 Percent In Recent Trading, What Questions Do You Have?

The trading price of Dyne Therapeutics Inc (NASDAQ:DYN) closed lower on Monday, April 01, closing at $28.00, -1.37% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $30.27 and a 52-week low of $6.40. Over the past month, the stock has gained 4.09% in value.

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Dyne Therapeutics Inc, whose market valuation is $2.27 billion at the time of this writing, is expected to release its quarterly earnings report May 09, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.8 per share this quarter, however they have predicted annual earnings per share of -$3.27 for 2024 and -$3.17 for 2025. It means analysts are expecting annual earnings per share growth of 17.20% this year and 3.10% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Dyne Therapeutics Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DYN has a 100% Buy 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% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that DYN’s price is currently 2.74% off the SMA20 and 17.28% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.50, and weekly volatility stands at 8.73%. When measured over the past 30 days, the indicator reaches 7.91%. Dyne Therapeutics Inc (NASDAQ:DYN)’s beta value is currently sitting at 0.95, while the Average True Range indicator is currently displaying 1.99.

To see how Dyne Therapeutics Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DYN stock’s performance was -1.37% in the latest trading, and 151.12% in the past year.

An evaluation of the daily trading volume of Dyne Therapeutics Inc (NASDAQ:DYN) indicates that the 3-month average is 2.27 million. However, this figure has increased over the past 10 days to an average of 1.85 million.

Currently, records show that 61.47 million of the company’s shares remain outstanding. The insiders hold 38.45% of outstanding shares, whereas institutions hold 52.80%. The stats also highlight that short interest as of Mar 15, 2024, stood at 6.82 million shares, resulting in a short ratio of 3.94 at that time. From this, we can conclude that short interest is 8.32% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 7.25 million. However, since the stock’s price has seen 110.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.