Entrada Therapeutics, Inc. (NASDAQ:TRDA – Get Free Report) has been given a consensus rating of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.50.
Several equities research analysts recently commented on TRDA shares. HC Wainwright cut Entrada Therapeutics from a “buy” rating to a “neutral” rating in a report on Friday, May 8th. Guggenheim cut their price target on Entrada Therapeutics from $20.00 to $17.00 and set a “buy” rating for the company in a report on Monday, June 8th. Weiss Ratings cut Entrada Therapeutics from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. Roth Mkm set a $10.00 price target on Entrada Therapeutics in a report on Friday, May 8th. Finally, Cantor Fitzgerald began coverage on Entrada Therapeutics in a report on Wednesday, April 1st. They issued an “overweight” rating for the company.
View Our Latest Research Report on Entrada Therapeutics
Insiders Place Their Bets
Institutional Investors Weigh In On Entrada Therapeutics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRDA. Allspring Global Investments Holdings LLC boosted its position in shares of Entrada Therapeutics by 9.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 17,495 shares of the company’s stock worth $176,000 after buying an additional 1,560 shares during the period. Alliancebernstein L.P. boosted its position in shares of Entrada Therapeutics by 7.1% during the third quarter. Alliancebernstein L.P. now owns 24,320 shares of the company’s stock worth $141,000 after buying an additional 1,620 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Entrada Therapeutics by 5.5% during the fourth quarter. Great Lakes Advisors LLC now owns 43,268 shares of the company’s stock worth $445,000 after buying an additional 2,239 shares during the period. Quadrature Capital Ltd boosted its position in shares of Entrada Therapeutics by 13.5% during the fourth quarter. Quadrature Capital Ltd now owns 20,318 shares of the company’s stock worth $209,000 after buying an additional 2,424 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Entrada Therapeutics by 3.6% during the second quarter. First Trust Advisors LP now owns 75,120 shares of the company’s stock worth $505,000 after buying an additional 2,631 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.
Entrada Therapeutics Stock Performance
NASDAQ:TRDA opened at $7.09 on Monday. Entrada Therapeutics has a one year low of $4.93 and a one year high of $16.45. The stock has a market cap of $275.23 million, a PE ratio of -1.78 and a beta of -0.26. The stock has a 50 day moving average price of $9.15 and a 200 day moving average price of $10.59.
Entrada Therapeutics (NASDAQ:TRDA – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.95) EPS for the quarter, beating the consensus estimate of ($1.06) by $0.11. Entrada Therapeutics had a negative return on equity of 51.22% and a negative net margin of 2,895.05%.The firm had revenue of $0.88 million during the quarter, compared to analysts’ expectations of $2.92 million. As a group, analysts predict that Entrada Therapeutics will post -4.12 earnings per share for the current fiscal year.
Entrada Therapeutics Company Profile
Entrada Therapeutics (NASDAQ: TRDA) is a clinical-stage biotechnology company focused on enabling the development of protein-based therapeutics that can cross cell membranes and engage intracellular targets. Using its proprietary cell-penetrating miniature protein (CPMP) platform and intracellular targeting of proteins (iTOP) delivery technology, Entrada aims to expand the range of diseases addressable by large-molecule drugs.
The company’s pipeline includes programs in rare and serious diseases where conventional biologics have limited intracellular activity.
Read More
- Five stocks we like better than Entrada Therapeutics
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for Entrada Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entrada Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.
