Gossamer Bio Inc. (NASDAQ: GOSS) stock fell -4.11% on Tuesday to $1.40 against a previous-day closing price of $1.46. With 1.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.21 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.5650 whereas the lowest price it dropped to was $1.3800. The 52-week range on GOSS shows that it touched its highest point at $15.19 and its lowest point at $0.91 during that stretch. It currently has a 1-year price target of $6.45. Beta for the stock currently stands at 1.18.
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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 GOSS was up-trending over the past week, with a rise of 20.69%, but this was up by 20.69% over a month. Three-month performance dropped to -20.90% while six-month performance fell -84.68%. The stock lost -81.28% in the past year, while it has lost -35.48% so far this year. A look at the trailing 12-month EPS for GOSS yields -2.50 with Next year EPS estimates of -1.43. For the next quarter, that number is -0.50. This implies an EPS growth rate of 13.30% for this year and 20.80% for next year.
Float and Shares Shorts:
At present, 94.87 million GOSS shares are outstanding with a float of 89.93 million shares on hand for trading. On Apr 27, 2023, short shares totaled 16.28 million, which was 17.06% higher than short shares on Mar 30, 2023. In addition to Mr. Faheem Hasnain as the firm’s Co-Founder, CEO, Pres & Chairman, Mr. Bryan Giraudo serves as its COO & CFO.
Through their ownership of 118.76% of GOSS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.23% of GOSS, in contrast to 17.77% held by mutual funds. Shares owned by individuals account for 14.71%. As the largest shareholder in GOSS with 8.21% of the stake, The Vanguard Group, Inc. holds 7,799,757 shares worth 7,799,757. A second-largest stockholder of GOSS, HHLR Advisors Ltd., holds 4,974,041 shares, controlling over 5.24% of the firm’s shares. Millennium Management LLC is the third largest shareholder in GOSS, holding 4,625,511 shares or 4.87% stake. With a 2.63% stake in GOSS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,499,539 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.38% of GOSS stock, is the second-largest Mutual Fund holder. It holds 1,312,290 shares valued at 1.69 million. Vanguard Extended Market Index Fu holds 1.20% of the stake in GOSS, owning 1,138,583 shares worth 1.47 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, GOSS reported revenue of $0.00 and operating income of -$53.86M. The EBITDA in the recently reported quarter was -$51.87M and diluted EPS was -$0.74.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOSS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GOSS analysts setting a high price target of $15.00 and a low target of $1.50, the average target price over the next 12 months is $6.35. Based on these targets, GOSS could surge 971.43% to reach the target high and rise by 7.14% to reach the target low. Reaching the average price target will result in a growth of 353.57% 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.
Summary of Insider Activity:
Insiders traded GOSS stock several times over the past three months with 6 Buys and 3 Sells. In these transactions, 1,002,072 shares were bought while 21,156 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,168,505 while 51,008 shares were sold.