Take off with Assembly Biosciences Inc. (ASMB): Get ready for trading

Assembly Biosciences Inc. (NASDAQ: ASMB) stock fell -5.59% on Wednesday to $1.35 against a previous-day closing price of $1.43. With 0.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.23 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.4500 whereas the lowest price it dropped to was $1.3500. The 52-week range on ASMB shows that it touched its highest point at $2.45 and its lowest point at $1.20 during that stretch. It currently has a 1-year price target of $7.10. Beta for the stock currently stands at 0.62.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASMB was up-trending over the past week, with a rise of 2.27%, but this was down by -16.15% over a month. Three-month performance dropped to -34.15% while six-month performance fell -20.12%. The stock lost -41.05% in the past year, while it has lost -42.06% so far this year. A look at the trailing 12-month EPS for ASMB yields -2.81 with Next year EPS estimates of -1.65. For the next quarter, that number is -0.45. This implies an EPS growth rate of -71.00% for this year and 14.70% for next year. EPS is expected to grow by 17.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.10%.

Float and Shares Shorts:

At present, 48.45 million ASMB shares are outstanding with a float of 48.03 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.49 million, which was 3.07% higher than short shares on Sep 14, 2022. In addition to Dr. John G. McHutchison A.O., FRACP, M.D. as the firm’s CEO & Director, Mr. Jason A. Okazaki serves as its COO & Pres.

Institutional Ownership:

Through their ownership of 35.10% of ASMB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.21% of ASMB, in contrast to 21.66% held by mutual funds. Shares owned by individuals account for 14.26%. As the largest shareholder in ASMB with 6.19% of the stake, Deep Track Capital LP holds 3,000,000 shares worth 3,000,000. A second-largest stockholder of ASMB, The Vanguard Group, Inc., holds 2,183,617 shares, controlling over 4.51% of the firm’s shares. Millennium Management LLC is the third largest shareholder in ASMB, holding 1,546,896 shares or 3.19% stake. With a 2.84% stake in ASMB, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,377,385 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.07% of ASMB stock, is the second-largest Mutual Fund holder. It holds 519,500 shares valued at 0.85 million. Federated Hermes MDT Small Cap Gr holds 0.75% of the stake in ASMB, owning 362,368 shares worth 0.59 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASMB since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASMB analysts setting a high price target of $3.00 and a low target of $2.00, the average target price over the next 12 months is $2.50. Based on these targets, ASMB could surge 122.22% to reach the target high and rise by 48.15% to reach the target low. Reaching the average price target will result in a growth of 85.19% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ASMB will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of -$1.70 being high and -$1.81 being low. For ASMB, this leads to a yearly average estimate of -$1.76. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Assembly Biosciences Inc. surprised analysts by -$0.11 when it reported -$0.48 EPS against a consensus estimate of -$0.37. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.34 and the low estimate is -$0.45. The average estimate for the next quarter is thus -$0.40.

Summary of Insider Activity:

Insiders traded ASMB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 188,750 while 33,359 shares were sold.

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