Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
ORIC Pharmaceuticals Inc (NASDAQ: ORIC) closed the day trading at $8.24 down -3.29% from the previous closing price of $8.52. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 0.6 million shares were traded. ORIC stock price reached its highest trading level at $8.61 during the session, while it also had its lowest trading level at $8.13.
Ratios:
For a better understanding of ORIC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.15 and its Current Ratio is at 13.15. 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:
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 Dec 16 ’24 when Multani Pratik S bought 8,850 shares for $8.28 per share.
Chacko Jacob bought 24,660 shares of ORIC for $204,215 on Dec 16 ’24. On Dec 16 ’24, another insider, Piscitelli Dominic, who serves as the Officer of the company, bought 8,851 shares for $8.28 each.
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 581472064 and an Enterprise Value of 319051680.
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 -11.78%, while the 200-Day Moving Average is calculated to be -16.80%.
Shares Statistics:
Over the past 3-months, ORIC traded about 420.45K shares per day on average, while over the past 10 days, ORIC traded about 249230 shares per day. A total of 70.56M shares are outstanding, with a floating share count of 42.15M. Insiders hold about 40.28% of the company’s shares, while institutions hold 63.83% stake in the company. Shares short for ORIC as of 1732838400 were 11291959 with a Short Ratio of 26.86, compared to 1730332800 on 11650740. Therefore, it implies a Short% of Shares Outstanding of 11291959 and a Short% of Float of 16.25.
