A share of Ambrx Biopharma Inc. (NYSE:AMAM) closed at $2.16 per share on Tuesday, up from $1.91 day before. While Ambrx Biopharma Inc. has overperformed by 13.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMAM fell by -57.31%, with highs and lows ranging from $5.86 to $0.38, whereas the simple moving average fell by -5.53% in the last 200 days.
On April 07, 2022, Robert W. Baird started tracking Ambrx Biopharma Inc. (NYSE: AMAM) recommending Outperform. A report published by Goldman on February 28, 2022, Initiated its previous ‘Neutral’ rating for AMAM. Goldman also rated AMAM shares as ‘Buy’, setting a target price of $53 on the company’s shares in an initiating report dated July 13, 2021. BofA Securities initiated its ‘Buy’ rating for AMAM, as published in its report on July 13, 2021.
Analysis of Ambrx Biopharma Inc. (AMAM)
Further, the quarter-over-quarter decrease in sales is -43.30%, showing a negative trend in the upcoming months.
Ambrx Biopharma Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. Taking into account the quick ratio of the company, currently set at 4.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and AMAM is registering an average volume of 3.71M. On a monthly basis, the volatility of the stock is set at 18.05%, whereas on a weekly basis, it is put at 9.43%, with a loss of -0.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.00, showing growth from the present price of $2.16, which can serve as yet another indication of whether AMAM is worth investing in or should be passed over.
How Do You Analyze Ambrx Biopharma Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 49.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AMAM shares?
The recent increase in stakes in AMAM appears to be a result of several institutional investors and hedge funds increasing their positions. The company now owns 7,234,489 shares of the stock, with a value of $16.42 million, following the purchase of 7,234,489 additional shares during the last quarter. Fidelity Management & Research Co made another decreased to its shares in AMAM during the first quarter, downing its stake by -6.98%. During the last quarter, the company dropped down -269,212 additional shares for a total stake of worth $8.15 million, bringing number of shares owned by the company to 3,588,467.
During the first quarter, HBM Partners AG subtracted a -128,308 position in AMAM. Cormorant Asset Management LP sold an additional -0.15 million shares in the last quarter, decreasing its holdings by -6.03%, now holding 2.34 million shares worth $5.3 million. AMAM shares are owned by institutional investors to the tune of 49.90% at present.