In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of ORIC Pharmaceuticals Inc (NASDAQ: ORIC) closed at $7.66 in the last session, up 0.26% from day before closing price of $7.64. In other words, the price has increased by $0.26 from its previous closing price. On the day, 0.56 million shares were traded.
Ratios:
We take a closer look at ORIC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 10.56 and its Current Ratio is at 10.56. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
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 Dec 16 ’24 when Piscitelli Dominic sold 8,851 shares for $8.28 per share. The transaction valued at 73,298 led to the insider holds 106,764 shares of the business.
Multani Pratik S sold 8,850 shares of ORIC for $73,293 on Dec 16 ’24. The Chief Medical Officer now owns 46,765 shares after completing the transaction at $8.28 per share. On Dec 16 ’24, another insider, Chacko Jacob, who serves as the PRESIDENT AND CEO of the company, sold 24,660 shares for $8.28 each. As a result, the insider received 204,214 and left with 778,648 shares of the company.
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 $6.33. The 50-Day Moving Average of the stock is -16.64%, while the 200-Day Moving Average is calculated to be -17.68%.
Shares Statistics:
A total of 71.02M shares are outstanding, with a floating share count of 42.85M. Insiders hold about 39.66% of the company’s shares, while institutions hold 72.59% stake in the company.
