Morphic Holding Inc. (MORF): Technical Analysis and analyst Ratings


Morphic Holding Inc. (NASDAQ:MORF) changes shares on Wednesday trading session, with a change of -2.29% or -$0.63 shares. The trading starts at $27.35 and closed at $27.50 throughout the day. The trading session low price was $26.85 and day high was $27.815 on Wednesday, June 24. After the session, the Healthcare sector daily volume shifted to 0.11 million while its average volume is 70.35K. In other hand, the MORF market cap reached to $695.93M. While, its current target price is $26.87 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 15.87% and up 20.55% for month. Its quarterly performance was 106.06% above, while its half year performance is up 60.04%. MORF performance rise 56.59% for year-to-date. Current recommendation for Morphic Holding Inc. is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. MORF EPS (TTM) for 12-month is -1.82. EPS for this year is -78.70%, while for the next year its value is -2.30. Its EPS Q/Q reached -215.70%.

Let’s take a look on the analyst recommendations on MORF for the current month and previous month. For the current month, 4 of 4 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $28.00-$31.00. Average target price for MORF was reached at $29.67.

FMR, LLC, Omega Fund Management (US) Inc. and EcoR1 Capital, LLC are the top three holders in Morphic Holding Inc. (MORF) stock. On Mar 30, 2020, FMR, LLC has 4.57 million shares which valued 67.12 million. On Mar 30, 2020, Omega Fund Management (US) Inc. owned 2.97 million shares which valued at 43.59 million. On Mar 30, 2020, EcoR1 Capital, LLC has a total of 2.82 million shares which valued at 41.44 million. In the end, EcoR1 Capital, LLC have 9.23% shares outstanding of Morphic Holding Inc. (MORF) on Mar 30, 2020. The insider ownership moved to 0.80% and institutional holding shifted to 57.60%.

The company posted an EPS (TTM) of -1.82. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.56, while -4.73 EPS posted a year ago period. Analyst Estimated EPS for MORF published in the report was -0.63–0.46 during the same period. Comparing with last year, the average estimated EPS was -4.73 which is lower than -0.55 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for MORF rise 58.45% for period of 200 days. SMA for 50 days was 44.05% which is showing green signal, while SMA-20 was 15.80%. The moving average value for Morphic Holding Inc. (MORF) is 17.27 and 20.55 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in MORF stock. On Jun 10, Rogers Bruce, Chief Scientific Officer, sold 25,000 trading shares at the cost of $23.33, which valued at 0.58 million. On Jun 01, Farrell Robert E Jr, SVP Finance and CAO, sold 6,681 shares at the cost of $20.35, with total shares of 77,934. On May 29, Farrell Robert E Jr, SVP Finance and CAO, sold 13,319 shares at the cost of 20.17. After this transaction, Farrell Robert E Jr total shares reached to 84,615 which valued at 0.27 million.