JP Morgan raised the price target for the Frequency Therapeutics Inc. (NASDAQ:FREQ) stock from “a Neutral” to “an Overweight”. The rating was released on January 27, 2021. The research report from Oppenheimer has initiated the stock to Outperform, with a price target set at $36. The stock was downgraded by JP Morgan, who disclosed in a research note on May 18, 2020, from Overweight to Neutral and set the price objective to $27. In their research brief published October 28, 2019, JP Morgan analysts initiated the Frequency Therapeutics Inc. stock to Overweight with a price target of $25.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.3 during the last quarter as opposed to a consensus estimate of -$0.25, which indicates the company missed its estimate by -$0.05, which implies that the company surprised the market by -20.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.28. This is an average of 3 analysts’ earnings, where the high earnings per share estimate is -$0.26 and the low earnings per share estimate is -$0.3. According to 3 analyst estimates, an average revenue estimate of $8.13M is projected for the current quarter with a high revenue estimate of $10M and a low estimate of $6.38M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Frequency Therapeutics Inc. (NASDAQ:FREQ) raised 3.94% to close Friday’s market session at $11.61, higher as compared to yesterday’s close. The stock price fluctuated between $10.96 and $12.19 throughout the trading session with the volume trading being 1016793 shares, which represented a significant variation when compared to the three months average volume of 1.46 million shares. The firm’s stock price fluctuated 14.16% within the last five trades and 22.21% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -47.03% in the last 6 months and -70.22% was subtracted to its value over the previous 3 months. FREQ stock is trading at a margin of 14.51%, -54.00% and -57.28% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FREQ deals in the Healthcare domain. The stock is trading -80.11 percent below its 52-week high and 58.28 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 68.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Frequency Therapeutics Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -74.40 percent and the profit margin is -71.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $381.85 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 10.32 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.04, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.50 percent of Frequency Therapeutics Inc. shares are owned by insiders, and 64.50 percent are held by financial institutions. Lucchino David L., the President and CEO at Frequency Therapeutics Inc. (FREQ) has sold 9,416 shares of firm on Mar 01 at a price of $50.43 against the total amount of $0.47 million. In another inside trade, Lucchino David L., President and CEO of Frequency Therapeutics Inc. (NASDAQ:FREQ) sold 16,554 shares of the firm on Feb 08 for a total worth of $0.91 million at a price of $55.00. An inside trade which took place on Feb 03, President and CEO of Frequency Therapeutics Inc. Lucchino David L. sold 11,036 shares of firm against total price of $0.54 million at the cost of $48.75 per share.