The stock of Stoke Therapeutics, Inc. (NASDAQ:STOK) is now priced at $23.02 and the shares are -0.32 points down or -1.37% lower compared to its previous closing price of $23.34. The stock had 85359 contracts set over the past session. STOK shares’ daily volume is compared to its average trading volume at 147437 shares. However, it has a float of 31.64 million and although its performance was -2.17% over the week, it’s one to watch. Analysts have given the STOK stock a yearly average price target of $37.4 per share. It means the stock’s upside potential is 62.47% with the STOK share price recently placing at $22.91 to $23.69. However, some brokerage firms have priced the stock below the average, including one that has called $30.
The shorts are climbing into the Stoke Therapeutics, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the STOK shares have risen. Short interest in the stock represents just 9.9% of its float, but the volume has raised by 83351. The volume of shorted shares rised to 3.134 million from 3.051 million shares over the last two weeks. The average intraday trading volume has been 109189 shares, which means that days to cover moved to roughly 28.703184.
In the last trading session, Stoke Therapeutics, Inc. (NASDAQ:STOK) dropped by -$0.51 over the week and lost -$1.72 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $39.04. The stock recorded its established 52-week high on 09/03/19.
Since 03/13/20, the stock has traded to a low of $15.82 at 45.51%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Stoke Therapeutics, Inc.’s two-week RSI is 45.33. This suggests that the stock is neutral at the moment and that STOK shares’ price movement remains stable. The stochastic readings are equally revealing at 39.9% meaning the STOK share price is currently in neutral territory.
The technical chart shows that the STOK stock will likely settle at between $23.5 and $23.99 per share. However, if the stock dips below $22.72, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $22.43.
Currently, the stock is trading in the red of MACD, with a reading of -0.26. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned STOK a rating of Outperform in their intiating review released on December 18. BTIG Research analysts see the stock as a Buy with a target price of $46 in a flash note released to investors on November 12 initiating covering the stock. H.C. Wainwright analysts see the stock as Buy when the analysts initiated the share price coverage on October 25, placing it at $30.
The average rating for the STOK equity is 1.57 and is currently gathering a bullish momentum. Of 6 analysts tracking Stoke Therapeutics, Inc. polled by Reuters, 0 rated STOK as a hold. The remaining 6 analysts were split evenly. However, the split wasn’t equal as a majority (6) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.