Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $32.13 in the prior trading day, Ionis Pharmaceuticals Inc (NASDAQ: IONS) closed at $31.64, down -1.53%. In other words, the price has decreased by -$1.53 from its previous closing price. On the day, 1.7 million shares were traded.
Ratios:
Our goal is to gain a better understanding of IONS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.82 and its Current Ratio is at 8.91. In the meantime, Its Debt-to-Equity ratio is 3.00 whereas as Long-Term Debt/Eq ratio is at 2.93.
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, BMO Capital Markets on August 02, 2024, Downgraded its rating to Market Perform and sets its target price to $60 from $67 previously.
On July 24, 2024, Leerink Partners Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $53 to $62.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 04 ’25 when Monia Brett P bought 40,003 shares for $32.13 per share.
O’NEIL PATRICK R. bought 7,372 shares of IONS for $236,862 on Feb 04 ’25. On Jan 31 ’25, another insider, Swayze Eric, who serves as the EVP Research of the company, sold 1,367 shares for $32.31 each. As a result, the insider received 44,162 and left with 48,017 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 6.22 while its Price-to-Book (P/B) ratio in mrq is 7.54.
Stock Price History:
Over the past 52 weeks, IONS has reached a high of $52.34, while it has fallen to a 52-week low of $31.03. The 50-Day Moving Average of the stock is -9.67%, while the 200-Day Moving Average is calculated to be -22.22%.
Shares Statistics:
A total of 157.81M shares are outstanding, with a floating share count of 154.00M. Insiders hold about 2.47% of the company’s shares, while institutions hold 99.33% stake in the company.