Adage Capital Management LP has recently announced that it has increased stake in Disc Medicine Inc. (NASDAQ:IRON) by 43.03%. After grabbing 0.35 million shares, the institutional investor is now in possession of 0.11 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 2.07% having worth around $6.96 million. Moreover, Assenagon Asset Management SA increased its share by 60209.0 to have a control over 68426.0 shares. And Geode Capital Management LLC raised its holdings to 115.0 shares by acquiring 27227.0 shares or 0.16% of the stake.
Disc Medicine Inc. (IRON) concluded trading on 01/19/23 at a closing price of $20.39, with 0.23 million shares of worth about $4.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.44% during that period and on Thursday the price saw a gain of about 6.20%. Currently the company’s common shares owned by public are about 16.92M shares, out of which, 13.72M shares are available for trading.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
Fidelity Select Port. – Biotechno, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Disc Medicine Inc. Fidelity Select Port. – Biotechno is currently holding 0.16 million shares of worth totaling $3.09 million. The company recently came buying 10470.0 shares which brought its stake up to 0.92% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 23776.0 shares, have now control over 0.14% of the stake in the company. It holds 0.0 shares of worth $0.47 million.
However, the stock later moved at a day high price of 20.41, or with a gain of 6.20%. Stock saw a price change of 8.34% in past 5 days and over the past one month there was a price change of 31.13%. Year-to-date (YTD), IRON shares are showing a performance of 2.51% which increased to 2.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.60 but also hit the highest price of $21.30 during that period. The average intraday trading volume for Disc Medicine Inc. shares is 28.43K. The stock is currently trading 18.08% above its 20-day simple moving average (SMA20), while that difference is up 20.52% for SMA50 and it goes to 27.98% higher than SMA200.
Adage Capital Management LP acquired 0.35 million shares of Disc Medicine Inc. having value of about $6.96 million. Data submitted at the U.S SEC by Adage Capital Management LP revealed that the firm now holds 0.11 million shares in the company valued at close to $2147352.46, or have control over 43.03% stake in the company. Disc Medicine Inc. (NASDAQ: IRON) currently have 16.92M outstanding shares and institutions hold larger chunk of about 85.10% of that. Holding of mutual funds in the company is about 16.02% while other institutional holders and individual stake holders have control over 18.86% and 1.92% of the stake respectively.
The stock has a current market capitalization of $340.92M. It has posted earnings per share of -$10.05 in the same period. It has Quick Ratio of 71.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IRON, volatility over the week remained 5.63% while standing at 11.39% over the month.
Stock’s fiscal year EPS is expected to rise by 82.00% while it is estimated to increase by 18.80% in next year.
