Analyzing Essa Pharma Inc (EPIX)’s quick and current ratios

Essa Pharma Inc (NASDAQ: EPIX) closed the day trading at $8.49 down -0.82% from the previous closing price of $8.56. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 119399 shares were traded.

Ratios:

For a better understanding of EPIX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 40.75 and its Current Ratio is at 40.75. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

On March 04, 2021, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $50.

H.C. Wainwright reiterated its Buy rating for the stock on January 11, 2021, while the target price for the stock was revised from $10 to $17.

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 05 ’24 when Virsik Peter sold 694 shares for $8.98 per share. The transaction valued at 6,232 led to the insider holds 12,634 shares of the business.

Virsik Peter sold 72,782 shares of EPIX for $748,927 on Feb 06 ’24. The Chief Operating Officer now owns 13,328 shares after completing the transaction at $10.29 per share. On Feb 05 ’24, another insider, Virsik Peter, who serves as the Chief Operating Officer of the company, sold 1,194 shares for $9.58 each. As a result, the insider received 11,440 and left with 13,328 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, EPIX now has a Market Capitalization of 385.98M and an Enterprise Value of 244.23M.

Stock Price History:

The Beta on a monthly basis for EPIX is 1.63, which has changed by 185.86% over the last 52 weeks, in comparison to a change of 27.86% over the same period for the S&P500. Over the past 52 weeks, EPIX has reached a high of $11.67, while it has fallen to a 52-week low of $2.56. The 50-Day Moving Average of the stock is 9.00, while the 200-Day Moving Average is calculated to be 5.32.

Shares Statistics:

Over the past 3-months, EPIX traded about 158.10K shares per day on average, while over the past 10 days, EPIX traded about 71.44k shares per day. A total of 44.10M shares are outstanding, with a floating share count of 43.23M. Insiders hold about 2.27% of the company’s shares, while institutions hold 78.64% stake in the company. Shares short for EPIX as of Mar 15, 2024 were 928.62k with a Short Ratio of 5.87, compared to 1.13M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.10% and a Short% of Float of 3.49%.

Earnings Estimates

Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.24, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.21, with high estimates of -$0.15 and low estimates of -$0.28.

Analysts are recommending an EPS of between -$0.6 and -$1 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is -$1.05, with 5 analysts recommending between -$0.61 and -$2.1.

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