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Globe Newswire (Tue, 6-Feb 8:00 AM ET)
Unity Biotechnology Inc designs therapeutics that prevent, halt, and reverse various diseases of aging. The company focuses on clearing senescent cells, and creating senolytic medicines. Its medicines target vulnerabilities unique to senescent cells to clear those cells from the human body while leaving normal cells unaffected. The firm focuses on age-associated diseases such as osteoarthritis, eye diseases, and pulmonary diseases.
Unity Biotechnology trades on the NASDAQ stock market under the symbol UBX.
As of March 28, 2024, UBX stock price declined to $1.62 with 34,789 million shares trading.
UBX has a beta of -1.32, meaning it tends to be less sensitive to market movements. UBX has a correlation of 0.02 to the broad based SPY ETF.
UBX has a market cap of $27.19 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, UBX stock traded as high as $65.40 and as low as $1.46.
The top ETF exchange traded funds that UBX belongs to (by Net Assets): VTI, VXF, IWC.
UBX has underperformed the market in the last year with a return of -16.9%, while the SPY ETF gained +33.7%. In the last 3 month period, UBX fell short of the market, returning -14.7%, while SPY returned +10.2%. However, in the most recent 2 weeks UBX has outperformed the stock market by returning +6.6%, while SPY returned +1.8%.
UBX support price is $1.55 and resistance is $1.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UBX stock will trade within this expected range on the day.