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As of close of business last night, Corcept Therapeutics Inc’s stock clocked out at $48.06, down -1.76% from its previous closing price of $48.92. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 0.79 million shares were traded. CORT stock price reached its highest trading level at $49.17 during the session, while it also had its lowest trading level at $47.5101.
Ratios:
To gain a deeper understanding of CORT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.73. For the most recent quarter (mrq), Quick Ratio is recorded 5.48 and its Current Ratio is at 5.57. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 01 ’24 when Guyer William sold 10,000 shares for $46.28 per share. The transaction valued at 462,800 led to the insider holds 5,796 shares of the business.
Robb Gary Charles sold 11,000 shares of CORT for $509,080 on Oct 01 ’24. The Chief Business Officer now owns 22,772 shares after completing the transaction at $46.28 per share. On Oct 01 ’24, another insider, Robb Gary Charles, who serves as the Officer of the company, bought 11,000 shares for $46.28 each.
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 5021885440 and an Enterprise Value of 4554421248. As of this moment, Corcept’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.63, and their Forward P/E ratio for the next fiscal year is 25.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.82 while its Price-to-Book (P/B) ratio in mrq is 8.41. Its current Enterprise Value per Revenue stands at 7.996 whereas that against EBITDA is 35.421.
Stock Price History:
Over the past 52 weeks, CORT has reached a high of $50.07, while it has fallen to a 52-week low of $20.84. The 50-Day Moving Average of the stock is 18.66%, while the 200-Day Moving Average is calculated to be 57.39%.
Shares Statistics:
It appears that CORT traded 907.23K shares on average per day over the past three months and 1164180 shares per day over the past ten days. A total of 103.41M shares are outstanding, with a floating share count of 89.95M. Insiders hold about 13.91% of the company’s shares, while institutions hold 83.54% stake in the company. Shares short for CORT as of 1727654400 were 21512035 with a Short Ratio of 23.71, compared to 1724976000 on 22086315. Therefore, it implies a Short% of Shares Outstanding of 21512035 and a Short% of Float of 28.939999999999998.
