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The closing price of Corcept Therapeutics Inc (NASDAQ: CORT) was $44.00 for the day, up 2.44% from the previous closing price of $42.95. In other words, the price has increased by $2.44 from its previous closing price. On the day, 0.71 million shares were traded. CORT stock price reached its highest trading level at $44.34 during the session, while it also had its lowest trading level at $42.2768.
Ratios:
Our analysis of CORT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.29. 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:
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 Sep 03 ’24 when Guyer William sold 10,000 shares for $35.30 per share. The transaction valued at 353,000 led to the insider holds 6,039 shares of the business.
Guyer William bought 10,000 shares of CORT for $353,000 on Sep 03 ’24. On Aug 26 ’24, another insider, Robb Gary Charles, who serves as the Chief Business Officer of the company, sold 3,101 shares for $35.71 each. As a result, the insider received 110,737 and left with 23,190 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 4597647872 and an Enterprise Value of 4130181632. As of this moment, Corcept’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.03, and their Forward P/E ratio for the next fiscal year is 25.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.07 while its Price-to-Book (P/B) ratio in mrq is 7.70. Its current Enterprise Value per Revenue stands at 7.251 whereas that against EBITDA is 32.122.
Stock Price History:
Over the past 52 weeks, CORT has reached a high of $43.74, while it has fallen to a 52-week low of $20.84. The 50-Day Moving Average of the stock is 23.83%, while the 200-Day Moving Average is calculated to be 53.48%.
Shares Statistics:
CORT traded an average of 856.66K shares per day over the past three months and 1053760 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 83.66% stake in the company. Shares short for CORT as of 1724976000 were 22086315 with a Short Ratio of 25.78, compared to 1722384000 on 22263073. Therefore, it implies a Short% of Shares Outstanding of 22086315 and a Short% of Float of 29.709998.
