While Day One Biopharmaceuticals Inc has overperformed by 1.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DAWN rose by 16.38%, with highs and lows ranging from $17.85 to $9.67, whereas the simple moving average jumped by 10.58% in the last 200 days.
On April 25, 2023, BofA Securities Downgraded Day One Biopharmaceuticals Inc (NASDAQ: DAWN) to Underperform. A report published by CapitalOne on February 08, 2023, Initiated its previous ‘Overweight’ rating for DAWN. H.C. Wainwright Initiated an Buy rating on December 15, 2022, and assigned a price target of $35. Needham initiated its ‘Buy’ rating for DAWN, as published in its report on December 14, 2022. Goldman’s report from December 05, 2022 suggests a price prediction of $45 for DAWN shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Day One Biopharmaceuticals Inc (DAWN)
In order to gain a clear picture of Day One Biopharmaceuticals 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 -55.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 12.72, 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 641.01K can be a very valuable indicator of volatility for DAWN stock. On a monthly basis, the volatility of the stock is set at 5.47%, whereas on a weekly basis, it is put at 4.99%, with a gain of 3.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.00, showing growth from the present price of $14.85, which can serve as yet another indication of whether DAWN is worth investing in or should be passed over.
How Do You Analyze Day One Biopharmaceuticals 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 32.55%. 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 76.22% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DAWN shares are owned by institutional investors to the tune of 76.22% at present.
