Regulus Therapeutics Inc (NASDAQ: RGLS): What’s Next After The Stock Plunge?

The trading price of Regulus Therapeutics Inc (NASDAQ:RGLS) floating lower at last check on Tuesday, April 02, closing at $2.65, -5.36% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $3.79 and a 52-week low of $0.82. Over the past month, the stock has gained 77.85% in value.

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Regulus Therapeutics Inc, whose market valuation is $173.50 million 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 -$0.22 per share this quarter, however they have predicted annual earnings per share of -$0.51 for 2024 and -$0.61 for 2025. It means analysts are expecting annual earnings per share growth of 67.70% this year and -19.60% 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 Regulus Therapeutics Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest RGLS 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 RGLS’s price is currently 17.94% off the SMA20 and 52.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.44, and weekly volatility stands at 10.25%. When measured over the past 30 days, the indicator reaches 16.76%. Regulus Therapeutics Inc (NASDAQ:RGLS)’s beta value is currently sitting at 1.55, while the Average True Range indicator is currently displaying 0.31.

To see how Regulus Therapeutics Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: RGLS stock’s performance was -5.36% at last check in today’s session, and 227.16% in the past year.

An evaluation of the daily trading volume of Regulus Therapeutics Inc (NASDAQ:RGLS) indicates that the 3-month average is 3.04 million. However, this figure has increased over the past 10 days to an average of 0.9 million.

Currently, records show that 65.47 million of the company’s shares remain outstanding. The insiders hold 12.29% of outstanding shares, whereas institutions hold 23.55%. The stats also highlight that short interest as of Mar 15, 2024, stood at 5.13 million shares, resulting in a short ratio of 0.6 at that time. From this, we can conclude that short interest is 7.84% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 97000.0. However, since the stock’s price has seen 107.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.