Relay Therapeutics Inc (NASDAQ:RLAY) shares, rose in value, with the stock price up by 7.63% to the previous day’s close as strong demand from buyers drove the stock to $6.35.
Actively observing the price movement in the last trading, the stock closed the session at $5.90. Referring to stock’s 52-week performance, its high was $13.32, and the low was $5.78. On the whole, RLAY has fluctuated by -15.67% over the past month.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 90k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RLAY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RLAY currently trading nearly -9.23% and -25.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.38, while the 7-day volatility ratio is showing 6.97% which for the 30-day chart, stands at 5.95%. Furthermore, Relay Therapeutics Inc (RLAY)’s beta value is 1.71, and its average true range (ATR) is 0.45.
A comparison of Relay Therapeutics Inc (RLAY) with its peers suggests the former has fared considerably weaker in the market. RLAY showed an intraday change of 7.63% in last session, and over the past year, it shrunk by -47.30%%.
Data on historical trading for Relay Therapeutics Inc (NASDAQ:RLAY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.18 million. According to company’s latest data on outstanding shares, there are 127.46 million shares outstanding.
Nearly 29.71% of Relay Therapeutics Inc’s shares belong to company insiders and institutional investors own 71.74% of the company’s shares. The stock has fallen by -42.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RLAY stock heading into the next quarter.
