Relay Therapeutics (NASDAQ:RLAY – Get Free Report) released its earnings results on Wednesday. The company reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.14, Briefing.com reports. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The company’s revenue was down 100.0% on a year-over-year basis.
Relay Therapeutics Trading Down 1.8 %
NASDAQ:RLAY traded down $0.11 during mid-day trading on Thursday, hitting $6.14. The stock had a trading volume of 1,839,407 shares, compared to its average volume of 1,451,188. The company has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $7.01. The stock has a market capitalization of $822.08 million, a price-to-earnings ratio of -2.45 and a beta of 1.67. Relay Therapeutics has a 52 week low of $5.60 and a 52 week high of $12.14.
Insiders Place Their Bets
In other news, CFO Thomas Catinazzo sold 6,802 shares of Relay Therapeutics stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $6.06, for a total transaction of $41,220.12. Following the sale, the chief financial officer now owns 306,391 shares of the company’s stock, valued at approximately $1,856,729.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.32% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on RLAY
Relay Therapeutics Company Profile
Relay Therapeutics, Inc operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company’s lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for patients with advanced or metastatic FGFR2-altered solid tumors; RLY-2608, a lead mutant-PI3Ka inhibitor program that targets phosphoinostide 3 kinase alpha; and Migoprotafib (GDC-1971), an oral, small molecule, potent and selective inhibitor of the protein tyrosine phosphatase SHP2 that binds and stabilizes Src homology region 2 domain-containing phosphatase-2 (SHP2) as a monotherapy in patients with advanced or metastatic solid tumors.
Recommended Stories
- Five stocks we like better than Relay Therapeutics
- What is the Euro STOXX 50 Index?
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- Transportation Stocks Investing
- Breakout Alert: Qualcomm Just Hit The Rally Button
- ESG Stocks, What Investors Should Know
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Receive News & Ratings for Relay Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relay Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.