After finishing at $13.91 in the prior trading day, ORIC Pharmaceuticals Inc (NASDAQ: ORIC) closed at $13.46, down -3.24%. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 554964 shares were traded.
Ratios:
Our goal is to gain a better understanding of ORIC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.39 and its Current Ratio is at 10.39. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On September 22, 2023, Wedbush started tracking the stock assigning a Outperform rating and target price of $8.
H.C. Wainwright Upgraded its Neutral to Buy on March 23, 2023, while the target price for the stock was maintained at $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Chacko Jacob sold 40,000 shares for $16.21 per share. The transaction valued at 648,380 led to the insider holds 728,544 shares of the business.
Chacko Jacob sold 26,042 shares of ORIC for $320,186 on Feb 07 ’24. The PRESIDENT AND CEO now owns 768,544 shares after completing the transaction at $12.29 per share. On Feb 06 ’24, another insider, Chacko Jacob, who serves as the PRESIDENT AND CEO of the company, sold 13,958 shares for $12.12 each. As a result, the insider received 169,160 and left with 794,586 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ORIC now has a Market Capitalization of 937.20M and an Enterprise Value of 731.76M.
Stock Price History:
Over the past 52 weeks, ORIC has reached a high of $16.65, while it has fallen to a 52-week low of $4.69. The 50-Day Moving Average of the stock is 12.31, while the 200-Day Moving Average is calculated to be 8.81.
Shares Statistics:
The stock has traded on average 547.69K shares per day over the past 3-months and 805.4k shares per day over the last 10 days, according to various share statistics. A total of 54.87M shares are outstanding, with a floating share count of 40.07M. Insiders hold about 40.53% of the company’s shares, while institutions hold 60.13% stake in the company. Shares short for ORIC as of Feb 29, 2024 were 6.49M with a Short Ratio of 11.84, compared to 6.48M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.67% and a Short% of Float of 10.52%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.42 for the current quarter, with a high estimate of -$0.39 and a low estimate of -$0.46, while EPS last year was -$0.53. The consensus estimate for the next quarter is -$0.42, with high estimates of -$0.38 and low estimates of -$0.45.
Analysts are recommending an EPS of between -$1.66 and -$1.83 for the fiscal current year, implying an average EPS of -$1.76. EPS for the following year is -$2.01, with 6 analysts recommending between -$1.69 and -$2.26.
