In yesterday’s Wall Street session, Humacyte Inc (NASDAQ:HUMA) shares traded at $4.86, down -16.35% from the previous session.
HUMA stock price is now -17.25% away from the 50-day moving average and -5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $608.52M.
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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, Sebelius Kathleen, Director sold 5,182 shares of the company’s stock on Sep 10 ’24. The stock was sold for $28,004 at an average price of $5.40. Upon completion of the transaction, the Director now directly owns 40,276 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 10 ’24, Director Dougan Brady W sold 288,674 shares of the business’s stock. A total of $1,509,765 was realized by selling the stock at an average price of $5.23. This leaves the insider owning 3,230,884 shares of the company worth $15.7 million. A total of 21.85% 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 $5.8733 and a two-hundred day moving average price translates $5.1185 for the stock.
The latest earnings results from Humacyte Inc (NASDAQ: HUMA) was released for 2024-06-30. The company reported revenue of $29.5 million for the quarter, compared to $26.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.36 percent.
