Structure Therapeutics (NASDAQ:GPCR) Hits New 52-Week Low - Time to Sell?

Structure Therapeutics Inc. (NASDAQ:GPCR - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.22 and last traded at $21.90, with a volume of 216488 shares traded. The stock had previously closed at $23.77.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus initiated coverage on shares of Structure Therapeutics in a research report on Wednesday, January 8th. They set a "buy" rating and a $50.00 price objective on the stock. JMP Securities reissued a "market outperform" rating and issued a $91.00 price target on shares of Structure Therapeutics in a report on Wednesday, December 18th. Finally, HC Wainwright reissued a "buy" rating and issued a $80.00 price target on shares of Structure Therapeutics in a report on Thursday, December 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $81.29.

Structure Therapeutics Stock Performance

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -29.07 and a beta of -2.75. The business's 50-day moving average is $26.80 and its two-hundred day moving average is $33.74.

Institutional Trading of Structure Therapeutics

A number of hedge funds have recently modified their holdings of GPCR. Spire Wealth Management bought a new stake in Structure Therapeutics during the 4th quarter worth approximately $243,000. JPMorgan Chase & Co. increased its position in shares of Structure Therapeutics by 302.3% in the third quarter. JPMorgan Chase & Co. now owns 33,936 shares of the company's stock worth $1,489,000 after purchasing an additional 25,500 shares during the period. Vestal Point Capital LP boosted its position in Structure Therapeutics by 105.4% in the third quarter. Vestal Point Capital LP now owns 1,150,000 shares of the company's stock valued at $50,474,000 after buying an additional 590,000 shares in the last quarter. abrdn plc boosted its position in Structure Therapeutics by 132.7% in the third quarter. abrdn plc now owns 217,083 shares of the company's stock valued at $9,528,000 after buying an additional 123,789 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Structure Therapeutics by 64.5% during the third quarter. Barclays PLC now owns 81,138 shares of the company's stock worth $3,562,000 after purchasing an additional 31,815 shares during the period. 91.78% of the stock is currently owned by institutional investors and hedge funds.

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Structure Therapeutics Company Profile

Structure Therapeutics Inc, a clinical stage global biopharmaceutical company, develops and delivers novel oral therapeutics to treat a range of chronic diseases with unmet medical needs. The company's lead product candidate is GSBR-1290, an oral and biased small molecule agonist of glucagon-like-peptide-1 receptor, a validated G-protein-coupled receptors (GPCRs) drug target for type-2 diabetes mellitus and obesity.