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ESSA Pharma Inc. (EPIX): The stock’s intermediate-term indicators point to Buy today

How have the shares performed?


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ESSA Pharma Inc. (EPIX) saw downtrend of -8.39% in the recent trading with $28.82 being its most recent. The current price level -19.94% lower than the highest price of $36.00 marked by the stock while trading over the past 52-weeks, whereas it is 561.01% higher than the lowest price of $4.36 the company dropped to over past 52-weeks. The latest news story on EPIX appeared in PR Newswire under the title “ESSA Pharma to Present at the Jefferies Virtual Healthcare Conference” on May-25-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -19.94% below one month high and is +8.96% above of the lowest during that time. Looking into the simple moving average, ESSA Pharma Inc. (EPIX)’s stock stands at a SMA-50 of $29.59 while that of 5-day is reading $30.86.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and EPIX’s SMA-200 as of now is $17.40.

ESSA Pharma Inc. Earnings – What Happened With EPIX

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

EPIX – ESSA Pharma Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 36.48 million. EPIX does have institutional investors; and they hold 76.40% of the stock.

ESSA Pharma Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, EPIX declared 0 shares have been sold in 0 insider transactions over the past three months.

As on Mar 30, 2021, Blackstone Group Inc. was the top most holder in ESSA Pharma Inc. (NASDAQ:EPIX) with an ownership of 3.57 million shares of the company or 11.14% of the stake worth $103.8 million. The filing also reveals BVF Inc. as the second largest holder in the company with a control over 9.07% of the outstanding shares. Its stake is worth $84.49 million for having 2.91 million shares in hand.

Avidity Partners Management, LP also came holding a key position in the company during the recent quarter and it now holds 8.86% of the outstanding shares. With this there are now 73 institutions which have possession in EPIX’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by ESSA Pharma Inc. was 66.73 while posting a debt to equity ratio of 0.00.

Technical Analysis of ESSA Pharma Inc. (NASDAQ:EPIX) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for ESSA Pharma Inc. (EPIX), we notice that the stock’s 20-day average volume is at 347,475 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 256,752 shares. And to end, EPIX’s 100-day average volume is 324,547 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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