GH Research (NASDAQ:GHRS) Shares Gap Up - Still a Buy?

GH Research logo with Medical background

GH Research PLC (NASDAQ:GHRS - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.99, but opened at $19.19. GH Research shares last traded at $16.65, with a volume of 157,728 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GHRS shares. HC Wainwright restated a "buy" rating and issued a $40.00 price target on shares of GH Research in a research note on Monday, January 27th. Canaccord Genuity Group decreased their target price on GH Research from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday, November 18th.

View Our Latest Research Report on GH Research

GH Research Trading Up 1.8 %

The business has a 50-day moving average of $9.03 and a two-hundred day moving average of $9.01. The firm has a market cap of $735.08 million, a P/E ratio of -17.88 and a beta of 0.93.

Hedge Funds Weigh In On GH Research

An institutional investor recently raised its position in GH Research stock. RA Capital Management L.P. boosted its stake in shares of GH Research PLC (NASDAQ:GHRS - Free Report) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,686,689 shares of the company's stock after buying an additional 85,000 shares during the quarter. RA Capital Management L.P. owned approximately 12.85% of GH Research worth $44,734,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.90% of the company's stock.

About GH Research

(Get Free Report)

GH Research PLC, together with its subsidiary GH Research Ireland Limited, engages in developing various therapies to treat psychiatric and neurological disorders. It is involved in the development of 5-Methoxy-N,N-Dimethyltryptamine (5-MeO-DMT) therapies for the treatment of patients with treatment-resistant depression (TRD).

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