Stocks of Humacyte Inc (NASDAQ:HUMA) traded higher last session on Wall Street, down -9.62% to $6.01.
HUMA stock price is now -13.67% away from the 50-day moving average and 36.97% away from the 200-day moving average. The market capitalization of the company currently stands at $715.67M.
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With the price target of $6, H.C. Wainwright recently initiated with Buy rating for Humacyte Inc (NASDAQ: HUMA). On August 14, 2023, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $2.75 to quote $3.50, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Niklason Laura E, President, CEO and Director sold 358,630 shares of the company’s stock on Jun 11 ’24. The stock was sold for $2,537,943 at an average price of $7.08. Upon completion of the transaction, the President, CEO and Director now directly owns 4,830,658 shares in the company, valued at $29.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12 ’24, President, CEO and Director Niklason Laura E sold 271,518 shares of the business’s stock. A total of $1,982,081 was realized by selling the stock at an average price of $7.30. This leaves the insider owning 4,559,140 shares of the company worth $27.4 million. A total of 22.77% of the company’s stock is owned by insiders.
During the past 12 months, Humacyte Inc has had a low of $1.96 and a high of $9.97. The fifty day moving average price for HUMA is $6.9346 and a two-hundred day moving average price translates $4.40755 for the stock.
The latest earnings results from Humacyte Inc (NASDAQ: HUMA) was released for 2024-06-30. The company reported revenue of $26.58 million for the quarter, compared to $22.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.06 percent.
