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The price of Corcept Therapeutics Inc (NASDAQ: CORT) closed at $54.23 in the last session, up 4.01% from day before closing price of $52.14. In other words, the price has increased by $4.01 from its previous closing price. On the day, 0.98 million shares were traded. CORT stock price reached its highest trading level at $54.88 during the session, while it also had its lowest trading level at $53.12.
Ratios:
We take a closer look at CORT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.85. For the most recent quarter (mrq), Quick Ratio is recorded 3.64 and its Current Ratio is at 3.70. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 01 ’24 when Guyer William sold 6,606 shares for $48.97 per share. The transaction valued at 323,496 led to the insider holds 5,796 shares of the business.
Guyer William sold 3,394 shares of CORT for $166,204 on Nov 04 ’24. The Chief Development Officer now owns 5,796 shares after completing the transaction at $48.97 per share. On Nov 01 ’24, another insider, Guyer William, who serves as the Officer of the company, bought 10,000 shares for $48.97 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 5681948160 and an Enterprise Value of 5308410880. As of this moment, Corcept’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.13, and their Forward P/E ratio for the next fiscal year is 28.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.04 while its Price-to-Book (P/B) ratio in mrq is 8.89. Its current Enterprise Value per Revenue stands at 8.445 whereas that against EBITDA is 36.842.
Stock Price History:
Over the past 52 weeks, CORT has reached a high of $52.35, while it has fallen to a 52-week low of $20.84. The 50-Day Moving Average of the stock is 24.87%, while the 200-Day Moving Average is calculated to be 70.64%.
Shares Statistics:
According to the various share statistics, CORT traded on average about 879.12K shares per day over the past 3-months and 1243340 shares per day over the past 10 days. A total of 103.41M shares are outstanding, with a floating share count of 90.20M. Insiders hold about 13.91% of the company’s shares, while institutions hold 83.23% stake in the company. Shares short for CORT as of 1728950400 were 20675546 with a Short Ratio of 23.52, compared to 1726185600 on 21705328. Therefore, it implies a Short% of Shares Outstanding of 20675546 and a Short% of Float of 27.73.
