Frequency Therapeutics Inc. [FREQ] Insider Activity: An Update for Investors


Frequency Therapeutics Inc.’s recent filing unveils that its President and CEO Lucchino David L. unloaded Company’s shares for reported $1719.0 on Aug 18. In the deal valued at $0.60 per share,2,865 shares were sold. As a result of this transaction, Lucchino David L. now holds 636,801 shares worth roughly $ 0.3 million.

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Then, Mitrano Richard J. sold 227 shares, generating $143 in total proceeds. Upon selling the shares at $0.63, the VP Finance & Operations now owns 48,694 shares.

Before that, Lucchino David L. sold 2,733 shares. Frequency Therapeutics Inc. shares valued at $1,722 were divested by the President and CEO at a price of $0.63 per share. As a result of the transaction, Lucchino David L. now holds 639,666 shares, worth roughly $0.3 million.

Chardan Capital Markets downgraded its Frequency Therapeutics Inc. [FREQ] rating to a Neutral from a a Buy in a research note published on Friday.

Price Performance Review of FREQ

On Friday, Frequency Therapeutics Inc. [NASDAQ:FREQ] saw its stock fall -2.92% to $0.47. On the same session, the stock had its day’s lowest price of $0.463, but rose to a high of $0.49. Over the last five days, the stock has lost -0.85%. Frequency Therapeutics Inc. shares have fallen nearly -87.90% since the year began. Nevertheless, the stocks have fallen -77.38% over the past one year. While a 52-week high of $5.59 was reached on 01/24/23, a 52-week low of $0.33 was recorded on 06/27/23. SMA at 50 days reached $0.5186, while 200 days put it at $1.3001. A total of 0.22 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For FREQ Stock

The 24-hour chart illustrates a support level at 0.4560, which if violated will result in even more drops to 0.4460. On the upside, there is a resistance level at 0.4830. A further resistance level may holdings at 0.5000. The Relative Strength Index (RSI) on the 14-day chart is 37.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0533, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.48%. Stochastics %K at 8.39% indicates the stock is a buying.

How much short interest is there in Frequency Therapeutics Inc.?

A steep rise in short interest was recorded in Frequency Therapeutics Inc. stocks on Aug 14, 2023, dropping by 99000.0 shares to a total of 0.88 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.98 million shares. There was a decline of -11.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.55% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.88.

Frequency Therapeutics Inc. [FREQ] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,716,811 shares, or roughly 4.65% of the outstanding FREQ shares.. Over the last quarter, Renaissance Technologies LLC purchased 22,700 shares of Frequency Therapeutics Inc., while Geode Capital Management LLC bought 0 shares. At present, GTS Securities LLC is holding 223,278 shares valued at $0.11 million. Acadian Asset Management LLC owned 140,945 shares of the company at the time of its most recent 13F filing, worth $72023.0.

According to FactSet, Frequency Therapeutics Inc.’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 733.33 percent from its previous closing price of $0.48. Analysts expect Frequency Therapeutics Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $4.00. However, 1 analyst have rated FREQ stock as an Overweight in their predictions for 2023.


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