Spyre Therapeutics, Inc. (NASDAQ:SYRE – Get Free Report) Director Jeffrey W. Albers sold 300 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $36.43, for a total transaction of $10,929.00. Following the sale, the director now owns 34,060 shares of the company’s stock, valued at $1,240,805.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Spyre Therapeutics Price Performance
Spyre Therapeutics stock traded down $0.41 during mid-day trading on Monday, hitting $34.40. The company’s stock had a trading volume of 230,308 shares, compared to its average volume of 511,872. The company has a market cap of $1.39 billion, a PE ratio of -0.49 and a beta of 2.92. Spyre Therapeutics, Inc. has a 52-week low of $8.43 and a 52-week high of $47.97. The firm’s 50 day moving average is $29.09 and its 200 day moving average is $30.34.
Spyre Therapeutics (NASDAQ:SYRE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.86) EPS for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.04. As a group, analysts forecast that Spyre Therapeutics, Inc. will post -3.68 EPS for the current year.
Hedge Funds Weigh In On Spyre Therapeutics
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Guggenheim raised their price objective on Spyre Therapeutics from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI started coverage on Spyre Therapeutics in a research report on Tuesday, July 16th. They issued an “outperform” rating for the company. Finally, Wedbush assumed coverage on Spyre Therapeutics in a report on Wednesday, September 4th. They set an “outperform” rating and a $45.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $46.43.
View Our Latest Stock Analysis on Spyre Therapeutics
About Spyre Therapeutics
Spyre Therapeutics, Inc, a preclinical stage biotechnology company, focuses on developing therapeutics for patients living with inflammatory bowel disease (IBD). It develops SPY001, a human monoclonal immunoglobulin G1 antibody designed to bind selectively to the a4ß7 integrin being developed for the treatment of IBD (ulcerative colitis and Crohn's disease).
Further Reading
- Five stocks we like better than Spyre Therapeutics
- How to Use the MarketBeat Dividend Calculator
- Inflation Risk Rising, Key Trades Investors Are Making Now
- What Is WallStreetBets and What Stocks Are They Targeting?
- 3 Oil Stocks to Watch Before Earnings Come Out
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
Receive News & Ratings for Spyre Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spyre Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.