Credit Suisse raised the price target for the Fulcrum Therapeutics Inc. (NASDAQ:FULC) stock to “an Outperform”. The rating was released on April 26, 2021. The research report from Stifel has initiated the stock to Buy, with a price target set at $18. The stock was initiated by Piper Sandler, who disclosed in a research note on October 16, 2020, to Overweight and set the price objective to $22. In their research brief published August 12, 2020, H.C. Wainwright analysts reiterated the Fulcrum Therapeutics Inc. stock to Buy with a price target of $20.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Fulcrum Therapeutics Inc. (NASDAQ:FULC) raised 125.33% to close Tuesday’s market session at $18.77, higher as compared to yesterday’s close. The stock price fluctuated between $12.07 and $22.0899 throughout the trading session with the volume trading being 104347733 shares, which represented a significant variation when compared to the three months average volume of 180.38K shares. The firm’s stock price fluctuated 157.83% within the last five trades and 90.56% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 46.99% in the last 6 months and 79.79% was added to its value over the previous 3 months. FULC stock is trading at a margin of 123.85%, 112.79% and 70.20% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FULC deals in the Healthcare domain. The stock is trading 2.15 percent below its 52-week high and 174.01 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 3.19. 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 Fulcrum Therapeutics Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $600.45 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 46.55 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.63, 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, 1.80 percent of Fulcrum Therapeutics Inc. shares are owned by insiders, and 81.00 percent are held by financial institutions. Thomson Peter G., the VP Finance & Accounting at Fulcrum Therapeutics Inc. (FULC) has bought 2,300 shares of firm on Jun 28 at a price of $9.00 against the total amount of $20700.0. In another inside trade, Oltmans Curtis Gale, SVP, General Counsel of Fulcrum Therapeutics Inc. (NASDAQ:FULC) bought 1,088 shares of the firm on Jun 28 for a total worth of $9803.0 at a price of $9.01. An inside trade which took place on Jun 28, Chief Medical Officer of Fulcrum Therapeutics Inc. Morabito Christopher bought 1,100 shares of firm against total price of $10076.0 at the cost of $9.16 per share.