For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of ORIC Pharmaceuticals Inc (NASDAQ: ORIC) was $9.85 for the day, down -12.29% from the previous closing price of $11.23. In other words, the price has decreased by -$12.29 from its previous closing price. On the day, 3.82 million shares were traded. ORIC stock price reached its highest trading level at $11.72 during the session, while it also had its lowest trading level at $7.87.
Ratios:
Our analysis of ORIC’s different ratios will help us gain a deeper understanding of the company. 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:
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 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.
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 695084992 and an Enterprise Value of 432664448.
Stock Price History:
The Beta on a monthly basis for ORIC is 1.19, which has changed by 0.023700953 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. 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 3.23%, while the 200-Day Moving Average is calculated to be 5.04%.
Shares Statistics:
ORIC traded an average of 656.39K shares per day over the past three months and 1634790 shares per day over the past ten days. A total of 70.56M shares are outstanding, with a floating share count of 45.95M. Insiders hold about 34.88% of the company’s shares, while institutions hold 69.53% stake in the company. Shares short for ORIC as of 1738281600 were 10448300 with a Short Ratio of 16.02, compared to 1735603200 on 11435863. Therefore, it implies a Short% of Shares Outstanding of 10448300 and a Short% of Float of 15.03.
