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YD Bio (NASDAQ:YDES) Shares Up 2.8% - Here's Why

YD Bio logo with background
Image from MarketBeat Media, LLC.

Key Points

  • YD Bio (NASDAQ:YDES) shares rose about 2.8% intraday to roughly $5.62, though trading volume was light at 6,427 shares versus an average of 25,456.
  • Analyst sentiment remains weak overall: Wall Street Zen upgraded YD Bio from "sell" to "hold," but Weiss Ratings and MarketBeat's consensus continue to list the stock as a Sell.
  • Institutional activity showed a modest inflow as Geode Capital Management increased its stake by 10% to 58,363 shares (about $711,000), representing roughly 0.08% ownership.
  • Five stocks we like better than YD Bio.

YD Bio Limited (NASDAQ:YDES - Get Free Report)'s stock price shot up 2.8% during mid-day trading on Monday . The company traded as high as $5.46 and last traded at $5.6150. 6,427 shares traded hands during trading, a decline of 75% from the average session volume of 25,456 shares. The stock had previously closed at $5.46.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on YDES. Wall Street Zen upgraded YD Bio from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings restated a "sell (d+)" rating on shares of YD Bio in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Check Out Our Latest Stock Report on YD Bio

YD Bio Stock Performance

The stock has a 50 day moving average price of $7.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YD Bio stock. Geode Capital Management LLC increased its position in YD Bio Limited (NASDAQ:YDES - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,363 shares of the biotechnology company's stock after purchasing an additional 5,292 shares during the quarter. Geode Capital Management LLC owned approximately 0.08% of YD Bio worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

About YD Bio

(Get Free Report)

YD Bio Limited is a biotechnology company advancing DNA methylation-based cancer detection technology and ophthalmologic innovations.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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