Harpoon Therapeutics Inc (NASDAQ:HARP) marked $12.00 per share on Friday, up from a previous closing price of $11.30. While Harpoon Therapeutics Inc has overperformed by 6.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HARP rose by 76.47%, with highs and lows ranging from $15.19 to $3.11, whereas the simple moving average jumped by 65.30% in the last 200 days.
On November 20, 2023, TD Cowen started tracking Harpoon Therapeutics Inc (NASDAQ: HARP) recommending Outperform.
Analysis of Harpoon Therapeutics Inc (HARP)
Further, the quarter-over-quarter decrease in sales is -67.33%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Harpoon Therapeutics Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -284.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.89, 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.
An average volume of 208.48K can be a very valuable indicator of volatility for HARP stock. On a monthly basis, the volatility of the stock is set at 13.85%, whereas on a weekly basis, it is put at 10.38%, with a gain of 18.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.00, showing growth from the present price of $12.00, which can serve as yet another indication of whether HARP is worth investing in or should be passed over.
How Do You Analyze Harpoon Therapeutics Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 30.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 25.83% 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 HARP shares?
The recent increase in stakes in HARP appears to be a result of several institutional investors and hedge funds increasing their positions. The company now owns 1,703,465 shares of the stock, with a value of $18.06 million, following the purchase of 1,703,465 additional shares during the last quarter. Citadel Advisors LLC made another increased to its shares in HARP during the first quarter, upping its stake by 2,008.37%. During the last quarter, the company picked up 979,203 additional shares for a total stake of worth $10.9 million, bringing number of shares owned by the company to 1,027,959.
HARP shares are owned by institutional investors to the tune of 25.83% at present.