Unicycive Therapeutics Inc (NASDAQ: UNCY): Making Its Way Up The Stock Market

Unicycive Therapeutics Inc (NASDAQ:UNCY) shares, rose in value on Thursday, April 04, with the stock price up by 8.03% to the previous day’s close as strong demand from buyers drove the stock to $1.48.

Actively observing the price movement in the recent trading, the stock is buoying the session at $1.37. The value of beta (5-year monthly) is 2.68. Referring to stock’s 52-week performance, its high was $2.29, and the low was $0.47. On the whole, UNCY has fluctuated by 0.68% over the past month.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.19, which is expected to increase to -$0.09 for fiscal year -$0.45 and then to about -$0.28 by fiscal year 2025. Data indicates that the EPS growth is expected to be 64.80% in 2025, while the next year’s EPS growth is forecast to be 37.80%.

Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.5 million, representing an increase of 270.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UNCY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UNCY currently trading nearly 2.88% and 12.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.95, while the 7-day volatility ratio is showing 6.55% which for the 30-day chart, stands at 8.57%. Furthermore, Unicycive Therapeutics Inc (UNCY)’s beta value is 2.65, and its average true range (ATR) is 0.13.

A comparison of Unicycive Therapeutics Inc (UNCY) with its peers suggests the former has fared considerably weaker in the market. UNCY showed an intraday change of 8.03% in today’s session so far, and over the past year, it shrunk by -33.63%%.

Data on historical trading for Unicycive Therapeutics Inc (NASDAQ:UNCY) indicates that the trading volumes over the past 10 days have averaged 0.29 million and over the past 3 months, they’ve averaged 347.18K. According to company’s latest data on outstanding shares, there are 34.76 million shares outstanding.

Nearly 28.10% of Unicycive Therapeutics Inc’s shares belong to company insiders and institutional investors own 39.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 56730.0 shares as on Mar 15, 2024, resulting in a short ratio of 0.11. According to the data, the short interest in Unicycive Therapeutics Inc (UNCY) stood at 0.16% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 97960.0. The stock has risen by 70.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UNCY stock heading into the next quarter.