Investing in Precision BioSciences Inc. (DTIL) Is Getting More Attractive


Precision BioSciences Inc.’s recent filing unveils that its President and CEO Amoroso Michael unloaded Company’s shares for reported $14528.0 on Oct 17. In the deal valued at $1.32 per share,11,006 shares were sold. As a result of this transaction, Amoroso Michael now holds 13,202 shares worth roughly $ 17162.600000000002.

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Then, Kelly John Alexander bought 8,200 shares, generating $10,086 in total proceeds. Upon buying the shares at $1.23, the Chief Financial Officer now owns 162,938 shares.

Before that, Kelly John Alexander bought 37,037 shares. Precision BioSciences Inc. shares valued at $49,630 were divested by the Chief Financial Officer at a price of $1.34 per share. As a result of the transaction, Kelly John Alexander now holds 154,738 shares, worth roughly $0.2 million.

BMO Capital Markets initiated its Precision BioSciences Inc. [DTIL] rating to an Outperform in a research note published on Friday, June 17, 2022; the price target was $7. PT values the company’s stock at a premium of 81.43 to its Friday closing price. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early June from “an Outperform” to “a Mkt perform”. Goldman revised its rating on April 03, 2020. It rated DTIL as “a Neutral” which previously was an “a Buy”.

Price Performance Review of DTIL

On Friday, Precision BioSciences Inc. [NASDAQ:DTIL] saw its stock fall -7.14% to $1.30. On the same session, the stock had its day’s lowest price of $1.28, but rose to a high of $1.42. Over the last five days, the stock has lost -8.45%. Precision BioSciences Inc. shares have fallen nearly -82.43% since the year began. Nevertheless, the stocks have fallen -86.82% over the past one year. While a 52-week high of $10.88 was reached on 01/04/22, a 52-week low of $1.11 was recorded on 06/16/22. SMA at 50 days reached $1.4424, while 200 days put it at $2.2868. A total of 0.62 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For DTIL Stock

The 24-hour chart illustrates a support level at 1.2467, which if violated will result in even more drops to 1.1933. On the upside, there is a resistance level at 1.3867. A further resistance level may holdings at 1.4733. The Relative Strength Index (RSI) on the 14-day chart is 40.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0224, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.48%. Stochastics %K at 39.68% indicates the stock is a holding.

How much short interest is there in Precision BioSciences Inc.?

A steep rise in short interest was recorded in Precision BioSciences Inc. stocks on Jul 14, 2022, dropping by -0.87 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.81 million shares. There was a decline of -44.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.28.

Precision BioSciences Inc. [DTIL] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 6,715,043 shares, or roughly 6.06% of the outstanding DTIL shares. In other words, the investor’s shares have risen by 2,446,043 from its previous 13-F filing of 4269000.0. At present, CHI Advisors LLC is holding 3,003,751 shares valued at $3.9 million. Rubric Capital Management LP owned 2,657,115 shares of the company at the time of its most recent 13F filing, worth $3.45 million.

The most recent change occurred on March 05, 2020 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.


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