Financial Snapshot: Analyzing Biomarin Pharmaceutical Inc. (BMRN)’s Key Ratio Metrics

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The closing price of Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) was $84.71 for the day, up 0.67% from the previous closing price of $84.15. In other words, the price has increased by $0.67 from its previous closing price. On the day, 3.02 million shares were traded. BMRN stock price reached its highest trading level at $85.28 during the session, while it also had its lowest trading level at $83.06.

Ratios:

Our analysis of BMRN’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 15.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.12.

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, Robert W. Baird on May 17, 2024, Downgraded its rating to Neutral and sets its target price to $72 from $104 previously.

On May 14, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $113.

On November 15, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $100.Wells Fargo initiated its Overweight rating on November 15, 2023, with a $100 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 May 30 ’24 when Mueller Brian sold 5,000 shares for $75.19 per share. The transaction valued at 375,950 led to the insider holds 72,159 shares of the business.

Davis George Eric sold 40,850 shares of BMRN for $3,043,802 on May 28 ’24. The EVP, Chief Legal Officer now owns 56,157 shares after completing the transaction at $74.51 per share. On May 10 ’24, another insider, BIENAIME JEAN JACQUES, who serves as the Director of the company, sold 20,000 shares for $81.14 each. As a result, the insider received 1,622,800 and left with 474,994 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, BMRN now has a Market Capitalization of 16084734976 and an Enterprise Value of 16134674432. As of this moment, Biomarin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 79.28, and their Forward P/E ratio for the next fiscal year is 29.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.50 while its Price-to-Book (P/B) ratio in mrq is 3.17. Its current Enterprise Value per Revenue stands at 6.528 whereas that against EBITDA is 54.979.

Stock Price History:

The Beta on a monthly basis for BMRN is 0.32, which has changed by -0.09401071 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, BMRN has reached a high of $99.56, while it has fallen to a 52-week low of $73.68. The 50-Day Moving Average of the stock is 2.47%, while the 200-Day Moving Average is calculated to be -3.06%.

Shares Statistics:

BMRN traded an average of 2.05M shares per day over the past three months and 3255180 shares per day over the past ten days. A total of 188.60M shares are outstanding, with a floating share count of 186.28M. Insiders hold about 1.90% of the company’s shares, while institutions hold 99.38% stake in the company. Shares short for BMRN as of 1715731200 were 3739356 with a Short Ratio of 1.49, compared to 1713139200 on 3688638. Therefore, it implies a Short% of Shares Outstanding of 3739356 and a Short% of Float of 1.9800000000000002.

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