Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) Currently 49.86% Below Its 52-week High But The …

In last trading session, Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) saw 343,886 shares changing hands with its beta currently measuring 2.43. Company’s recent per share price level of $3.67 trading at -$0.27 or -6.85% at ring of the bell on the day assigns it a market valuation of $129.63 Million. That closing price of IDRA’s stock is at a discount of -49.86% from its 52-week high price of $5.5 and is indicating a premium of 77.93% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 252.23 Million shares which gives us an average trading volume of 355.26 Million if we extend that period to 3-months.

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For Idera Pharmaceuticals, Inc. (IDRA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 6 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.23 in the current quarter.

In the face of being in the red today for losing -6.85%, in the last five days IDRA remained trading in the green while hitting it’s week-highest on Monday, Dec 28 when the stock touched $4.40-1 price level, adding 16.59% to its value on the day. Idera Pharmaceuticals, Inc.’s shares saw a change of 101.65% in year-to-date performance and have moved -15.63% in past 5-day. Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) showed a performance of -11.14% in past 30-days. Number of shares sold short was 197.99 Million shares which calculate 0.56 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $7.83 to the stock, which implies a rise of 113.35% to its current value. Analysts have been projecting $5 as a low price target for the stock while placing it at a high target of $10. It follows that stock’s current price would jump +172.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of 36.24% for stock’s current value.

Idera Pharmaceuticals, Inc. (IDRA) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.8% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -31.6% while estimates for its earnings growth in next 5 years are of 0%

Idera Pharmaceuticals, Inc. (NASDAQ:IDRA)’s Major holders

Insiders are in possession of 27.74% of company’s total shares while institution are holding 25.17% percent of that, with stock having share float percentage of 34.84%. Investors also watch the number of corporate investors in a company very closely, which is 53 institutions for Idera Pharmaceuticals, Inc. that are currently holding shares of the company. Baker Brothers Advisors, LLC is the top institutional holder at IDRA for having 4.61 Million shares of worth $9.86 Million. And as of September 29, 2020, it was holding 13.07% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 967.58 Thousand shares on September 29, 2020. The number of shares represents firm’s hold over 2.74% of outstanding shares, having a total worth of $2.07 Million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 613295 shares of worth $1.31 Million or 1.74% of the total outstanding shares. The later fund manager was in possession of 343.48 Thousand shares on September 29, 2020, making its stake of worth around $735.04 Thousand in the company or a holder of 0.97% of company’s stock.

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