Investing in Twist Bioscience Corporation (TWST): What You Must Know


Twist Bioscience Corporation’s recent filing unveils that its insider Cho Dennis acquired Company’s shares for reported $0.13 million on May 10. In the deal valued at $13.20 per share,10,000 shares were bought. As a result of this transaction, Cho Dennis now holds 29,297 shares worth roughly $ 0.69 million.

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Then, Starovasnik Melissa A. sold 1,732 shares, generating $45,820 in total proceeds. Upon selling the shares at $26.45, the Director now owns 11,340 shares.

Before that, JOHANNESSEN JAN sold 1,732 shares. Twist Bioscience Corporation shares valued at $45,820 were divested by the Director at a price of $26.45 per share. As a result of the transaction, JOHANNESSEN JAN now holds 11,616 shares, worth roughly $0.27 million.

Scotiabank initiated its Twist Bioscience Corporation [TWST] rating to a Sector outperform in a research note published on Friday, January 05, 2023; the price target was $33. PT values the company’s stock at a premium of 28.61 to its Friday closing price.

Price Performance Review of TWST

On Friday, Twist Bioscience Corporation [NASDAQ:TWST] saw its stock jump 7.14% to $23.56. On the same session, the stock had its day’s lowest price of $22.31, but rose to a high of $23.87. Over the last five days, the stock has gained 19.11%. Twist Bioscience Corporation shares have fallen nearly -1.05% since the year began. Nevertheless, the stocks have fallen -41.28% over the past one year. While a 52-week high of $44.58 was reached on 02/02/23, a 52-week low of $11.46 was recorded on 05/02/23. SMA at 50 days reached $21.75, while 200 days put it at $20.43. A total of 1.17 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For TWST Stock

The 24-hour chart illustrates a support level at 22.62, which if violated will result in even more drops to 21.69. On the upside, there is a resistance level at 24.18. A further resistance level may holdings at 24.81. The Relative Strength Index (RSI) on the 14-day chart is 61.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.50%. Stochastics %K at 87.21% indicates the stock is a selling.

How much short interest is there in Twist Bioscience Corporation?

A steep rise in short interest was recorded in Twist Bioscience Corporation stocks on Aug 14, 2023, dropping by -0.65 million shares to a total of 13.68 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 14.33 million shares. There was a decline of -4.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 27.28% of the overall stock float, the days-to-cover ratio (short ratio) fell to 12.37.

According to FactSet, Twist Bioscience Corporation’s share price will average $26.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.51 percent from its previous closing price of $21.99. Analysts expect Twist Bioscience Corporation stock to reach the higher price of $33.00, while the lowest price estimate is $19.00. However, 10 analysts have rated TWST stock as an Overweight in their predictions for 2023.


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