Translate Bio Inc. (NASDAQ:TBIO) traded at a new 52-week high today of $29.50. This new high was reached on below average trading volume as 315,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.
In the past 52 weeks, Translate Bio Inc. share prices are bracketed by a low of $6.80 and a high of $29.50 and is now at $29.15, 329% above that low price.
Translate Bio Inc is a clinical-stage mRNA therapeutics company developing a new class of potentially transformative medicines to treat diseases caused by protein or gene dysfunction. The company is developing MRT5005, for the treatment of cystic fibrosis (CF) and MRT5201, for the treatment of ornithine transcarbamylase (OTC) deficiency.
There is potential upside of 68.3% for shares of Translate Bio Inc. based on a current price of $29.15 and an average consensus analyst price target of $49.06.
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