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The closing price of ORIC Pharmaceuticals Inc (NASDAQ: ORIC) was $10.30 for the day, up 6.40% from the previous closing price of $9.68. In other words, the price has increased by $6.40 from its previous closing price. On the day, 0.6 million shares were traded. ORIC stock price reached its highest trading level at $10.55 during the session, while it also had its lowest trading level at $9.8.
Ratios:
Our analysis of ORIC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 15.08 and its Current Ratio is at 15.08. In the meantime, Its Debt-to-Equity ratio is 0.01 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 this company, Wells Fargo on October 31, 2024, initiated with a Overweight rating and assigned the stock a target price of $20.
On September 06, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $20.
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 Mar 06 ’24 when Chacko Jacob sold 40,000 shares for $16.21 per share. The transaction valued at 648,380 led to the insider holds 728,544 shares of the business.
Chacko Jacob sold 26,042 shares of ORIC for $320,186 on Feb 07 ’24. The PRESIDENT AND CEO now owns 768,544 shares after completing the transaction at $12.29 per share. On Feb 06 ’24, another insider, Chacko Jacob, who serves as the PRESIDENT AND CEO of the company, sold 13,958 shares for $12.12 each. As a result, the insider received 169,160 and left with 794,586 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, ORIC now has a Market Capitalization of 726587712 and an Enterprise Value of 449918496.
Stock Price History:
Over the past 52 weeks, ORIC has reached a high of $16.65, while it has fallen to a 52-week low of $5.85. The 50-Day Moving Average of the stock is 6.06%, while the 200-Day Moving Average is calculated to be 1.09%.
Shares Statistics:
ORIC traded an average of 459.18K shares per day over the past three months and 579620 shares per day over the past ten days. A total of 54.87M shares are outstanding, with a floating share count of 46.01M. Insiders hold about 34.77% of the company’s shares, while institutions hold 65.98% stake in the company. Shares short for ORIC as of 1728950400 were 12000767 with a Short Ratio of 26.14, compared to 1726185600 on 12380128. Therefore, it implies a Short% of Shares Outstanding of 12000767 and a Short% of Float of 17.27.
