Intra-Cellular Therapies Inc. (NASDAQ:ITCI) shares, rose in value on Thursday, 01/06/22, with the stock price up by 0.07% to the previous day’s close as strong demand from buyers drove the stock to $45.36.
Actively observing the price movement in the last trading, the stock closed the session at $45.33, falling within a range of $44.64 and $46.74. The value of beta (5-year monthly) was 1.09. Referring to stock’s 52-week performance, its high was $55.19, and the low was $28.40. On the whole, ITCI has fluctuated by 20.29% over the past month.
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With the market capitalization of Intra-Cellular Therapies Inc. currently standing at about $3.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 23, 2022 – Feb 28, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.99, which is expected to increase to -$0.82 for fiscal year -$3.45 and then to about -$3.17 by fiscal year 2022. Data indicates that the EPS growth is expected to be -6.80% in 2022, while the next year’s EPS growth is forecast to be 8.10%.
Analysts have estimated the company’s revenue for the quarter at $24.94 million, with a low estimate of $23 million and a high estimate of $27.88 million. According to the average forecast, sales growth in current quarter could jump up 100.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $82.81 million, representing an increase of 263.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ITCI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ITCI currently trading nearly 1.13% and 5.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.07, while the 7-day volatility ratio is showing 6.74% which for the 30-day chart, stands at 7.54%. Furthermore, Intra-Cellular Therapies Inc. (ITCI)’s beta value is 1.14, and its average true range (ATR) is 3.48.
A comparison of Intra-Cellular Therapies Inc. (ITCI) with its peers suggests the former has fared considerably weaker in the market. ITCI showed an intraday change of 0.07% in last session, and over the past year, it grew by 36.50%%. In comparison, Applied Genetic Technologies Corporation (AGTC) has moved lower at -1.09% on the day and was down -61.65% over the past 12 months. On the other hand, the price of MediciNova Inc. (MNOV) has fallen -4.38% on the day. The stock, however, is off -52.45% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.10%. Meanwhile, the Dow Jones Industrial Slipped by -0.47%.
Data on historical trading for Intra-Cellular Therapies Inc. (NASDAQ:ITCI) indicates that the trading volumes over the past 10 days have averaged 1.81 million and over the past 3 months, they’ve averaged 816.45K. According to company’s latest data on outstanding shares, there are 81.36 million shares outstanding.
Nearly 1.50% of Intra-Cellular Therapies Inc.’s shares belong to company insiders and institutional investors own 91.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.69 million shares as on Dec 14, 2021, resulting in a short ratio of 7.14. According to the data, the short interest in Intra-Cellular Therapies Inc. (ITCI) stood at 4.53% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 3.69 million. The stock has fallen by -13.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ITCI stock heading into the next quarter.