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The closing price of Xeris Biopharma Holdings Inc (NASDAQ: XERS) was $2.90 for the day, up 0.69% from the previous closing price of $2.88. In other words, the price has increased by $0.69 from its previous closing price. On the day, 1.59 million shares were traded. XERS stock price reached its highest trading level at $2.93 during the session, while it also had its lowest trading level at $2.84.
Ratios:
Our analysis of XERS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.69 and its Current Ratio is at 2.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on March 28, 2024, initiated with a Outperform rating and assigned the stock a target price of $5.
On August 28, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $4.50.
On October 21, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $4.Jefferies initiated its Buy rating on October 21, 2022, with a $4 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 12 ’24 when Schmid John P. bought 4,515 shares for $2.25 per share. The transaction valued at 10,147 led to the insider holds 25,200 shares of the business.
Schmid John P. bought 4,285 shares of XERS for $10,134 on Aug 09 ’24. The Director now owns 20,685 shares after completing the transaction at $2.37 per share. On May 10 ’24, another insider, Schmid John P., who serves as the Director of the company, bought 5,400 shares for $1.91 each. As a result, the insider paid 10,314 and bolstered with 16,400 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, XERS now has a Market Capitalization of 432097152 and an Enterprise Value of 624332608. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38. Its current Enterprise Value per Revenue stands at 3.441 whereas that against EBITDA is -24.974.
Stock Price History:
Over the past 52 weeks, XERS has reached a high of $3.26, while it has fallen to a 52-week low of $1.46. The 50-Day Moving Average of the stock is 13.90%, while the 200-Day Moving Average is calculated to be 24.63%.
Shares Statistics:
XERS traded an average of 1.47M shares per day over the past three months and 2145780 shares per day over the past ten days. A total of 138.13M shares are outstanding, with a floating share count of 136.46M. Insiders hold about 8.42% of the company’s shares, while institutions hold 38.18% stake in the company. Shares short for XERS as of 1724976000 were 10705845 with a Short Ratio of 7.27, compared to 1722384000 on 11222491. Therefore, it implies a Short% of Shares Outstanding of 10705845 and a Short% of Float of 7.359999999999999.
