The stock of Recursion Pharmaceuticals Inc (NASDAQ:RXRX) last traded at $7.46, down -0.53% from the previous session.
RXRX stock price is now -14.83% away from the 50-day moving average and -16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.77B.
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With the price target of $8, Morgan Stanley recently initiated with Equal-Weight rating for Recursion Pharmaceuticals Inc (NASDAQ: RXRX). On March 16, 2023, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $17, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Marriott Tina, President and COO sold 6,000 shares of the company’s stock on Jun 27 ’24. The stock was sold for $43,290 at an average price of $7.21. Upon completion of the transaction, the President and COO now directly owns 535,457 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’24, Director Borgeson Blake sold 11,447 shares of the business’s stock. A total of $108,806 was realized by selling the stock at an average price of $9.51. This leaves the insider owning 7,177,116 shares of the company worth $53.54 million. A total of 28.61% of the company’s stock is owned by insiders.
During the past 12 months, Recursion Pharmaceuticals Inc has had a low of $4.97 and a high of $16.75. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.65, and a quick ratio of 4.65. The fifty day moving average price for RXRX is $8.7605 and a two-hundred day moving average price translates $8.9114 for the stock.
The latest earnings results from Recursion Pharmaceuticals Inc (NASDAQ: RXRX) was released for 2024-03-31. The net profit margin was -765.90% and return on equity was -85.19% for RXRX. The company reported revenue of $13.79 million for the quarter, compared to $12.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.68 percent.
