Morphic Holding, Inc. (NASDAQ:MORF) is one of the stocks that are taking the center stage today as the company shares are trading 25.81% or 6.73 points lower from last closing price of $26.08, reaching $19.35 at last check. So what’s going on with MORF shares anyway? The price has dropped in 3 of the last 5 days and is down 0% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 43,898 shares, and in total 75298 shares valued at $1.457 million were seen changing hands compared with 31400 shares valued at $818912 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the MORF stock.
Morphic Holding, Inc. (MORF) shares have notched a 3-month decline of about 0%, but has still advanced 33.28% year to date. By comparison, the stock sank 0% over the past 12 months, while it jumped 15.34% over the 1 month. The company’s market cap is around $659.01M, with its short interest ratio standing at 0%.
In the current trading session for MORF, the stock witnessed two major price actions, it rose to a high of $23.59 and was down as much as $18.51 at one point. The high recorded is very low when compared to their 52-week high which is $15.72. The 52-week high is now at -37.33 distance from current price. Their recent low of $33.5 represents a 33.56% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for MORF is $26.73, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Morphic Holding, Inc. earned $-0.81 per share in the trailing 12 months and has a P/E ratio of -23.89. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 29.73 and lower compared to the sector’s average of 33.85. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MORF also has P/S multiple of 56.55. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 6x.
The company recorded an interesting insider purchase transaction by the Major Shareholder on Jul 01, 2019. A Securities and Exchanges Commission filings show that Fund V Gp L.P. Omega bought a total of 133,333 MORF shares that day for a sum of around $1,999,995. Morphic Holding, Inc. (MORF) insiders have acquired 20,645,529 shares in the stock within the past three months. In total, individual insiders traded 20,645,529 shares in the business, which makes up 100% of 20,645,529 shares that were traded over a year. In the past 12 months, insiders have purchased 20,645,529 shares while the seller parted with shares.
MORF‘s last price was down -3.82% as compared to the average trading price of 50 days recorded at $20.12 while enlarging the period to 200 trading days, the average closing price was $20.12. At present, there are 27.47 million in the total number of common shares owned by the public and among those 10.15 million shares have been available to trade. The percentage of shares being held by the company management was 26.4% while institutions stake was 54.4%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the MORF stock, there is another set of technicals that should be looked into and considered. Its -6.57% decline from moving average of $20.71 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.