Brokerages Expect Humacyte, Inc. (NASDAQ:HUMA) to Post Quarterly Sales of $270,000.00
Analysts expect Humacyte, Inc. (NASDAQ:HUMA – Get a rating) will post sales of $270,000.00 for the current quarter, according to Zacks. Two analysts have released earnings estimates for Humacyte, with the lowest sales estimate at $130,000.00 and the highest estimate at $400,000.00. The company is due to release its next quarterly results on Monday, January 1.
On average, analysts expect Humacyte to register annual sales of $1.08 million for the current year, with estimates ranging from $550,000.00 to $1.60 million. For the next fiscal year, analysts expect the company to post sales of $15.95 million, with estimates ranging from $2.05 million to $29.85 million. Zacks sales averages are an average average based on a survey of research companies that provide coverage for Humacyte.
Humacyte (NASDAQ:HUMA – Get a rating) last released its results on Tuesday, March 29. The company reported earnings per share of $0.41 for the quarter, beating the consensus estimate of ($0.20) by $0.61.
Several research companies have recently published reports on HUMA. Piper Sandler reduced its target price on Humacyte from $17.00 to $10.00 in a Tuesday, March 29 report. Zacks Investment Research upgraded Humacyte from a “buy” rating to a “hold” rating in a Saturday, April 2 research report. One investment analyst has assigned the stock a hold rating and four have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $13.65.
Shares of HUMA opened at $7.37 on Friday. The company has a debt ratio of 0.40, a quick ratio of 20.75 and a current ratio of 20.75. The stock’s fifty-day simple moving average is $6.10 and its 200-day simple moving average is $7.88. Humacyte has a 12-month low of $4.37 and a 12-month high of $17.45.
A number of large investors have recently increased or reduced their stake in HUMA. Exos Asset Management LLC increased its position in Humacyte by 15.3% during the 1st quarter. Exos Asset Management LLC now owns 18,609 shares of the company worth $131,000 after purchasing an additional 2,470 shares last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Humacyte in the first quarter worth approximately $48,000. BlackRock Inc. acquired a new stake in Humacyte in the fourth quarter valued at $10,158,000. Goldman Sachs Group Inc. acquired a new stake in Humacyte in the fourth quarter valued at $563,000. Finally, Virtu Financial LLC acquired a new equity stake in Humacyte during the fourth quarter at a value of $144,000. 6.92% of the shares are currently held by institutional investors.
About Humacyte (Get a rating)
Humacyte, Inc engages in the development and manufacture of ready-to-use, implantable, and bioengineered human tissues for the treatment of diseases and conditions in a range of anatomical locations across multiple therapeutic areas . The Company uses its proprietary, science-based technology platform to design and manufacture human acellular vessels (HAVs).
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