Home Analyst Ratings Regenxbio Unchanged to Market Perform at SVB Leerink

Regenxbio [RGNX] Unchanged to Market Perform at SVB Leerink

SVB Leerink maintained its Regenxbio [RGNX] rating to the equivalent of Market Perform but changed the price target to $37 from $34, in a research note dated 2021-01-06. That figure represents around a -17.61% premium from where the company’s shares closed on Tuesday. In addition, RBC Capital Mkts launched coverage on May 13, 2020. The research firm rated RGNX “a Sector perform”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is REGENXBIO Inc. [NASDAQ:RGNX] a Good Buy Right Now?

It should be noted that RGNX technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 88% Buy in the last week and compares with 40% Buy in the past month. Data from REGENXBIO Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.45 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.38 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 0.37 million shares.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


RGNX Price Performance

On Wall Street, REGENXBIO Inc. [NASDAQ:RGNX] finished Tuesday’s session down -0.13% at $44.91. The stock went up to $45.75 at the same session while its lowest single day price was $44.33. In the last five days, it saw a fall of about -6.24%, REGENXBIO Inc. shares dropped by almost -0.99% since the beginning of the year. However, the share price has dropped to as low as -18.30% below its one year high. On 01/04/21, the company shares recorded $46.03, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $44.16. The company’s shares have inclined by 12.16% in the past year. The 50-day SMA achieved is $37.53 while the 200-day SMA is $34.93. Volume dropped to 0.22 million from 0.32 million in the previous session.

RGNX Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 44.24 level, and in case of violation of this particular level, it will cause more drop to 43.58 level. On the upper level, 46.42 is still the key resistance. The stock may increase to the subsequent resistance at 45.66. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.06, implying a neutral technical stance while the MACD stands at -0.98, meaning price will decrease in the next trading period. Percent R indicator moved to 54.30%, implying low price movement. Stochastic %K at 52.07% suggest selling the stock.

What is the short interest in REGENXBIO Inc.?

Short interest in the REGENXBIO Inc. stock has surged, increasing by 0.54 million shares to total 3.29 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.83 million, data from Yahoo Finance shows. The decrease of -16.41% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 13.94% of the overall float for the stock.

REGENXBIO Inc.’s Biggest Shareholders: Who Owns REGENXBIO Inc. [RGNX]?

Filings by BlackRock Fund Advisors showed that the firm now holds a total of 4,854,230 shares or roughly 12.98% of the outstanding RGNX shares. This means their shares have reduced by -68,420 from the 4,854,230 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $109,701,265. Details in the latest 13F filings reveal that Redmile Group LLC disposed off their -0.38% stake valued at $77,629,303 while SSgA Funds Management, Inc. cut theirs at $74,693,371. During the last quarter, Redmile Group LLC liquidated -8,600 of its shares in REGENXBIO Inc. while SSgA Funds Management, Inc. sold -101,743 shares. The GIC Pte Ltd.’s holdings currently number 2,080,352 shares at $93428608.32. According to the firm’s last 13F report, JPMorgan Investment Management, I shares in the company at filing stood at 912,936 shares, roughly $31,806,690.

RGNX Earnings Forecast For The Current Quarter

REGENXBIO Inc. [RGNX] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $63.59M and an earnings per share of -$0.33 for Dec 2020. Looking further ahead, the company is expected to report revenue of $29.54M at an EPS of -$0.89 for Mar 2021. The estimates represent upside of -20.60% and -89.40% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

RGNX Earnings Estimates For The Current Year

For the financial year, REGENXBIO Inc. [NASDAQ:RGNX] is expected to bring in revenue of $186.28M. The returns are nearly $151.05 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -2.08, higher than that of FY19 by $0.5. Estimates put this year’s earnings growth at 19.40%, -89.40% for the next, and at an annual 2.00% over the next 5-year period. As for sales, forecasts are for an increase of 428.70% in the current fiscal year and a further -20.60% over the following year.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Has Been Raising The Soleno (SLNO) Stock Up Before Market Open?

In recent premarket trading, Soleno Therapeutics Inc. (SLNO) has soared 3.77% at $1.10 per share. The Soleno stock closed at $1.06 yesterday, down -6.19%. Get...

Stealth BioTherapeutics Corp (MITO) Stock Going Down in PreMarket, Here’s What You Should Know

Stealth BioTherapeutics Corp (MITO) stock prices were up by a colossal 35% as of the market closing on May 6th, 2021, bringing the price...

Why Ocugen, Inc. (OCGN) stock is popping high today?

Shares of Ocugen, Inc. (OCGN) stock were popping high today on May 7, 2021, ahead of today’s earnings report.OCGN stock price saw a surge...

What Is Driving The Powerbridge (PBTS) Stock Higher In Premarket session?

At the last check, Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS) shares were rising 10.71% to trade at $1.55 in premarket trades. The Powerbridge stock...

Beyond Meat, Inc. (BYND) Stock Trending Down After Management’s Uncertainty Over Fiscal Year Guidelines

Beyond Meat, Inc. (BYND) stock prices were down by 2.08% as of the market closing on May 6th, 2021, bringing the price per share...

Regional Health Properties, Inc. (RHE) Stock Skyrockets Following Trading of Exponential Volume of Shares

Regional Health Properties, Inc. (RHE) stock prices soared by 31.4% during early market hours on May 7th 2021, bringing the price per share up...

Orphazyme A/S (ORPH) Stock Plummeting After Failure of ORAIALS-01 Trial Announced

Orphazyme A/S (ORPH) stock prices plummeted by 27.77%  after the market opened on May 7th, 2021, bringing the price per share tumbling down to...

Avalon Holdings Corporation (NYSE:AWX) stock surged in the current trading session; here’s why

At last check, in the current trading session, AWX stock surged by 22.58% to $5.08. AWX stock previously closed the session at $4.14. The...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.