Infinity Pharmaceuticals Inc. (NASDAQ:INFI) price closed lower on Friday, September 10, dropping -3.53% below its previous close.
A look at the daily price movement shows that the last close reads $3.68, with intraday deals fluctuated between $3.54 and $3.7399. The company’s 5Y monthly beta was ticking 2.20. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.98 and 52-week low of $1.00. The stock added 17.16% on its value in the past month.
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Infinity Pharmaceuticals Inc., which has a market valuation of $326.49 million, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking INFI have forecast the quarterly EPS to shrink by -0.13 per share this quarter, while the same analysts predict the annual EPS to hit -$0.55 for the year 2021 and up to -$0.61 for 2022. In this case, analysts estimate an annual EPS growth of 19.10% for the year and -10.90% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $530k, with the likely lows of $100k and highs of $1 million. The average estimate suggests sales growth for the quarter will likely rise by 6.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.72 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 0.10% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give INFI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned INFI a recommendation rating as follows: 0 rate it as a Hold; 7 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Infinity Pharmaceuticals Inc. (INFI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that INFI’s price is at present 5.33% off the SMA20 and 20.08% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.70, with weekly volatility standing at 5.76%. The indicator jumps to 6.99% when calculated based on the past 30 days. Infinity Pharmaceuticals Inc. (NASDAQ:INFI)’s beta value is holding at 2.19, while the average true range (ATR) indicator is currently reading 0.24. Considering analysts have assigned the stock a price target range of $4.00-$14.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9.29. Based on this estimate, we see that current price is roughly -12.68% off the estimated low and -294.37% off the forecast high. Investors will no doubt be excited to see the share price fall to $9.00, which is the median consensus price, and at that level INFI would be -153.52% from current price.
Turning out attention to how the Infinity Pharmaceuticals Inc. stock has performed in comparison to its peers in the industry, here’s what we find: INFI’s stock is -3.53% on the day and 238.10% in the past 12 months, while AbbVie Inc. (ABBV) traded -0.55% in the last session and was positioned 19.00% up on its price 12 months ago. Another comparison is with Madrigal Pharmaceuticals Inc. (MDGL) whose stock price was up 0.01% in the last trading session, and has flourished -20.02% over the past year. Also, Bristol-Myers Squibb Company (BMY) showed down trend of -0.71% while its price kept floating at 8.30% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.77% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.78%.
An analysis of the Infinity Pharmaceuticals Inc. (NASDAQ:INFI) stock in terms of its daily trading volume indicates that the 3-month average is 7.45 million.
Current records show that the company has 88.66M in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 56.80%. But the 67.45% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.