The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
As of close of business last night, ORIC Pharmaceuticals Inc’s stock clocked out at $10.87, up 9.69% from its previous closing price of $9.91. In other words, the price has increased by $9.69 from its previous closing price. On the day, 1.23 million shares were traded. ORIC stock price reached its highest trading level at $11.08 during the session, while it also had its lowest trading level at $9.59.
Ratios:
To gain a deeper understanding of ORIC’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future 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.
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 767063296 and an Enterprise Value of 504642752.
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 19.52%, while the 200-Day Moving Average is calculated to be 16.62%.
Shares Statistics:
It appears that ORIC traded 450.59K shares on average per day over the past three months and 712010 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 69.43% stake in the company. Shares short for ORIC as of 1735603200 were 11435863 with a Short Ratio of 25.38, compared to 1732838400 on 11291959. Therefore, it implies a Short% of Shares Outstanding of 11435863 and a Short% of Float of 16.450001.
