Shares of Translate Bio Inc. (NASDAQ:TBIO) traded today at $35.01, eclipsing its 52-week high. So far today approximately 153,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Potential upside of 182.2% exists for Translate Bio Inc., based on a current level of $34.92 and analysts’ average consensus price target of $98.56.
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.
Over the past year, Translate Bio Inc. has traded in a range of $11.91 to $35.01 and is now at $34.92, 193% above that low.
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