Recursion Pharmaceuticals (NASDAQ:RXRX) Sees Unusually-High Trading Volume - Time to Buy?
Recursion Pharmaceuticals (NASDAQ:RXRX) experienced strong trading volume with 9.9 million shares traded, down 16% from the previous session. The stock closed at $5.68, slightly lower than its previous close of $5.76. Analysts have mixed ratings, with price targets ranging from $6.00 to $11.00. The company reported a quarterly EPS of ($0.53), missing estimates, and revenue of $4.60 million, significantly below expectations. Institutional investors hold 89.06% of the stock, indicating strong interest in the company, which is focused on innovative drug discovery.
Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX - Get Free Report) shares saw strong trading volume on Monday . 9,916,028 shares changed hands during trading, a decline of 16% from the previous session's volume of 11,771,491 shares.The stock last traded at $5.68 and had previously closed at $5.76.
Wall Street Analysts Forecast Growth
- Sudden Ascent: Is Recursion Pharmaceuticals NVIDIA’s AI Favorite?
RXRX has been the topic of a number of analyst reports. Leerink Partners dropped their price objective on shares of Recursion Pharmaceuticals from $7.00 to $6.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Morgan Stanley lowered their target price on shares of Recursion Pharmaceuticals from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Thursday. Cowen restated a "hold" rating on shares of Recursion Pharmaceuticals in a research note on Friday, February 28th. KeyCorp lowered their price target on Recursion Pharmaceuticals from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Recursion Pharmaceuticals in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8.20.
View Our Latest Analysis on RXRX
Recursion Pharmaceuticals Price Performance
- Biotechs on the Brink: 2 Stocks With Huge Potential
The stock's fifty day moving average price is $6.83 and its 200-day moving average price is $6.83. The firm has a market cap of $2.19 billion, a PE ratio of -3.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.35 and a quick ratio of 4.35.
Recursion Pharmaceuticals (NASDAQ:RXRX - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.17). The business had revenue of $4.60 million during the quarter, compared to analyst estimates of $19.04 million. Recursion Pharmaceuticals had a negative net margin of 579.52% and a negative return on equity of 76.56%. The firm's revenue was down 57.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.42) EPS. As a group, equities analysts expect that Recursion Pharmaceuticals, Inc. will post -1.57 EPS for the current fiscal year.
Institutional Trading of Recursion Pharmaceuticals
- AI Pharma: 2 Paths to AI-Powered Drug Investment
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Recursion Pharmaceuticals by 40.1% during the 4th quarter. Vanguard Group Inc. now owns 34,009,994 shares of the company's stock valued at $229,908,000 after acquiring an additional 9,737,196 shares during the last quarter. Softbank Group CORP. purchased a new stake in shares of Recursion Pharmaceuticals in the 4th quarter valued at approximately $99,152,000. State Street Corp increased its holdings in shares of Recursion Pharmaceuticals by 47.1% during the 3rd quarter. State Street Corp now owns 12,870,272 shares of the company's stock worth $84,815,000 after buying an additional 4,120,685 shares during the last quarter. Novo Holdings A S purchased a new stake in shares of Recursion Pharmaceuticals during the 4th quarter valued at approximately $68,375,000. Finally, Geode Capital Management LLC lifted its holdings in Recursion Pharmaceuticals by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 6,087,149 shares of the company's stock valued at $41,160,000 after acquiring an additional 655,238 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
About Recursion Pharmaceuticals
(Get Free Report)Recursion Pharmaceuticals, Inc operates as a clinical-stage biotechnology company, engages in the decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering to industrialize drug discovery. The company develops REC-994, which is in Phase 2 clinical trial to treat cerebral cavernous malformation; REC-2282, which is in Phase 2/3 clinical trial for the treatment of neurofibromatosis type 2; REC-4881, which is in Phase 1b/2 clinical trial to treat familial adenomatous polyposis; REC-3964, which is in Phase 1 clinical trial to treat Clostridioides difficile infection; and REC-4881, which is in Phase 2 clinical trial to treat AXIN1 or APC mutant cancers.
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