Frequency Therapeutics Inc. (NASDAQ:FREQ) Relative Strength Index (RSI) is 39.79, with weekly volatility at 6.90% and ATR at 0.77. The FREQ stock’s 52-week price range has touched low of $7.34 and a $58.37 high. Intraday shares traded counted 0.51 million, which was 67.72% higher than its 30-day average trading volume of 1.58M. Its shares traded higher over the last trading session, gaining 2.73% on 05/27/21. The shares fell to a low of $8.64 before closing at $9.04. FREQ’s previous close was $8.80 while the outstanding shares total 34.12M.
Investors have identified the Biotechnology company Frequency Therapeutics Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $319.20 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Frequency Therapeutics Inc. (FREQ) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 200.08 million total, with 18.92 million as their total liabilities.
FREQ were able to record -26.02 million as free cash flow during the 08/18/2021 quarter of the year, this saw their quarterly net cash flow reduce by -51.11 million. In cash movements, the company had a total of -25.47 million as operating cash flow.
Potential earnings growth for Frequency Therapeutics Inc. (FREQ)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/18/2021 quarter of the year, Frequency Therapeutics Inc. recorded a total of 4.65 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -56.18% coming in sequential stages and their sales for the 08/18/2021 quarter reducing by -113.93%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 4.65 million trying to sell their products during the last quarter, with the result yielding a gross income of 24.85 million. This allows shareholders to hold on to 34.12M with the recently reported earning now reading -0.60 cents per share. This is a figure that compared to analyst’s prediction for their 08/18/2021 (-0.60 cents a share).
Having a look at the company’s valuation, the company is expected to record -1.98 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FREQ sounds very interesting.
Is the stock of FREQ attractive?
In related news, Chief Manufacturing Officer, McCubbin Quentin bought 10,000 shares of the company’s stock in a transaction that recorded on May 17. The purchase was performed at an average price of 8.85, for a total value of 88,500. As the purchase deal closes, the President and CEO, Lucchino David L. now sold 9,416 shares of the company’s stock, valued at 474,836. Also, President and CEO, Lucchino David L. sold 16,554 shares of the company’s stock in a deal that was recorded on Feb 08. The shares were cost at an average price of 55.00 per share, with a total market value of 910,470. Following this completion of disposal, the Chief Scientific Officer, Loose Christopher R. now holds 2,000 shares of the company’s stock, valued at 94,380. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.90%.