The stock of Recursion Pharmaceuticals Inc. (NASDAQ:RXRX) last traded at $10.97, down -5.02% from the previous session.
Data from the available sources indicates that Recursion Pharmaceuticals Inc. (NASDAQ:RXRX) is covered by 8 analysts. The consensus rating among analysts is ‘Overweight’. RXRX stock price is now 6.63% away from the 50-day moving average and 28.31% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
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In total, 5 analysts have assigned it a hold rating, and 3 have given it a buy rating.
With the price target of $8, Morgan Stanley recently initiated with Equal-Weight rating for Recursion Pharmaceuticals Inc. (NASDAQ: RXRX).
In other news, Gibson Christopher, Chief Executive Officer sold 65,015 shares of the company’s stock on Aug 02. The stock was sold for $847,712 at an average price of $13.04. Upon completion of the transaction, the Chief Executive Officer now directly owns 890,719 shares in the company, valued at $9.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, President and COO Larson Tina Marriott sold 8,000 shares of the business’s stock. A total of $108,994 was realized by selling the stock at an average price of $13.62. This leaves the insider owning 424,160 shares of the company worth $4.65 million. Insiders disposed of 721,788 shares of company stock worth roughly $7.92 million over the past 1 year. A total of 5.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RXRX stock. A new stake in Recursion Pharmaceuticals Inc. shares was purchased by YONG RONG (HK) ASSET MANAGEMENT LTD during the first quarter worth $12,881,000. MARSHALL WACE, LLP invested $5,640,000 in shares of RXRX during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in Recursion Pharmaceuticals Inc. valued at approximately $2,226,000. HRT FINANCIAL LP acquired a new stake in RXRX for approximately $1,847,000. PROFUND ADVISORS LLC purchased a new stake in RXRX valued at around $781,000 in the second quarter. In total, there are 235 active investors with 68.70% ownership of the company’s stock.
With an opening price of $11.60 on Wednesday morning, Recursion Pharmaceuticals Inc. (NASDAQ: RXRX) set off the trading day. During the past 12 months, Recursion Pharmaceuticals Inc. has had a low of $4.54 and a high of $16.75. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.30, and a quick ratio of 5.30. The fifty day moving average price for RXRX is $10.33 and a two-hundred day moving average price translates $8.55 for the stock.
The latest earnings results from Recursion Pharmaceuticals Inc. (NASDAQ: RXRX) was released for Mar, 2023. According to the Biotechnology Company, earnings per share came in at -$0.38, missing analysts’ expectations of -$0.37 by -0.01. This compares to -$0.38 EPS in the same period last year. The company reported revenue of $11.02 million for the quarter, compared to $7.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.56 percent. For the current quarter, analysts expect RXRX to generate $13.35M in revenue.
Recursion Pharmaceuticals Inc.(RXRX) Company Profile
Recursion Pharmaceuticals, Inc. operates as a clinical-stage biotechnology company, engages in the decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering to industrialize drug discovery. The company develops REC-994, which is in Phase 2 clinical trial to treat cerebral cavernous malformation; REC-2282, which is in Phase 2/3 clinical trial for the treatment of neurofibromatosis type 2; REC-4881, which is in Phase 2 clinical trial to treat familial adenomatous polyposis; REC-3964, which is in Phase 1 clinical trial to treat Clostridioides difficile infection; and REC-4881, which is in Phase 1b/2 clinical trial to treat AXIN1 or APC mutant cancers. Its preclinical stage product includes RBM39 to treat HR-proficient ovarian cancer; REC-64151 for the treatment of immune checkpoint resistance; and Anti-PD-(L)1, an orally bioavailable small molecule to improve sensitivity to immune checkpoint inhibitors in non-small cell lung cancer and additional tumors. The company has collaboration and agreement with Bayer AG; the University of Utah Research Foundation; Ohio State Innovation Foundation; Chromaderm, Inc.; Roche & Genentech; and Takeda Pharmaceutical Company Limited. Recursion Pharmaceuticals, Inc. was incorporated in 2013 and is headquartered in Salt Lake City, Utah.
