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Corcept Therapeutics Inc (NASDAQ: CORT) closed the day trading at $31.01 down -1.74% from the previous closing price of $31.56. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 0.56 million shares were traded. CORT stock price reached its highest trading level at $31.58 during the session, while it also had its lowest trading level at $30.15.
Ratios:
For a better understanding of CORT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.89. For the most recent quarter (mrq), Quick Ratio is recorded 5.10 and its Current Ratio is at 5.18. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 the company, Truist on November 06, 2023, Upgraded its rating to Buy and sets its target price to $38 from $29 previously.
On April 11, 2023, SVB Securities started tracking the stock assigning a Market Perform rating and target price of $25.
On April 04, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $27.Piper Sandler initiated its Overweight rating on April 04, 2023, with a $27 target price.
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 Jul 01 ’24 when Robb Gary Charles sold 11,000 shares for $32.49 per share. The transaction valued at 357,390 led to the insider holds 26,291 shares of the business.
Guyer William sold 10,000 shares of CORT for $324,900 on Jul 01 ’24. The Chief Development Officer now owns 6,039 shares after completing the transaction at $32.49 per share. On Jul 01 ’24, another insider, Lyon Joseph Douglas, who serves as the insider of the company, sold 5,000 shares for $32.49 each. As a result, the insider received 162,452 and left with 9,290 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, CORT now has a Market Capitalization of 3175416064 and an Enterprise Value of 2764733696. As of this moment, Corcept’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.22, and their Forward P/E ratio for the next fiscal year is 22.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.17 while its Price-to-Book (P/B) ratio in mrq is 5.89. Its current Enterprise Value per Revenue stands at 5.281 whereas that against EBITDA is 22.514.
Stock Price History:
Over the past 52 weeks, CORT has reached a high of $35.22, while it has fallen to a 52-week low of $20.84. The 50-Day Moving Average of the stock is 8.65%, while the 200-Day Moving Average is calculated to be 16.74%.
Shares Statistics:
Over the past 3-months, CORT traded about 1.17M shares per day on average, while over the past 10 days, CORT traded about 1029260 shares per day. A total of 103.41M shares are outstanding, with a floating share count of 89.78M. Insiders hold about 13.77% of the company’s shares, while institutions hold 88.17% stake in the company. Shares short for CORT as of 1718323200 were 21248706 with a Short Ratio of 18.18, compared to 1715731200 on 19800668. Therefore, it implies a Short% of Shares Outstanding of 21248706 and a Short% of Float of 28.73.
