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.

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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.