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.
The closing price of Durect Corp (NASDAQ: DRRX) was $1.87 for the day, down -2.09% from the previous closing price of $1.91. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 1.08 million shares were traded. DRRX stock price reached its highest trading level at $1.91 during the session, while it also had its lowest trading level at $1.86.
Ratios:
Our analysis of DRRX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.17.
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, Chardan Capital Markets on October 30, 2020, initiated with a Buy rating and assigned the stock a target price of $7.
On July 31, 2020, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $7.Oppenheimer initiated its Outperform rating on July 31, 2020, with a $7 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRRX now has a Market Capitalization of 58049664 and an Enterprise Value of 51772628. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.92 while its Price-to-Book (P/B) ratio in mrq is 10.85. Its current Enterprise Value per Revenue stands at 27.895 whereas that against EBITDA is -3.11.
Stock Price History:
The Beta on a monthly basis for DRRX is 0.91, which has changed by 0.23026311 over the last 52 weeks, in comparison to a change of 0.18569505 over the same period for the S&P500. Over the past 52 weeks, DRRX has reached a high of $2.64, while it has fallen to a 52-week low of $0.48. The 50-Day Moving Average of the stock is 179.44%, while the 200-Day Moving Average is calculated to be 125.15%.
Shares Statistics:
DRRX traded an average of 958.13K shares per day over the past three months and 5416120 shares per day over the past ten days. A total of 31.04M shares are outstanding, with a floating share count of 27.70M. Insiders hold about 10.78% of the company’s shares, while institutions hold 22.25% stake in the company. Shares short for DRRX as of 1752537600 were 764814 with a Short Ratio of 0.80, compared to 1749772800 on 803920. Therefore, it implies a Short% of Shares Outstanding of 764814 and a Short% of Float of 2.5.
Earnings Estimates
The market rating of Durect Corp (DRRX) is currently shaped by the ongoing analysis conducted by 1.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.18 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.66 and -$0.66 for the fiscal current year, implying an average EPS of -$0.66. EPS for the following year is -$0.7, with 1.0 analysts recommending between -$0.7 and -$0.7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $320k to a low estimate of $320k. As of the current estimate, Durect Corp’s year-ago sales were $2.17MFor the next quarter, 1 analysts are estimating revenue of $300k. There is a high estimate of $300k for the next quarter, whereas the lowest estimate is $300k.
A total of 1 analysts have provided revenue estimates for DRRX’s current fiscal year. The highest revenue estimate was $1.19M, while the lowest revenue estimate was $1.19M, resulting in an average revenue estimate of $1.19M. In the same quarter a year ago, actual revenue was $7.14MBased on 1 analysts’ estimates, the company’s revenue will be $1M in the next fiscal year. The high estimate is $1M and the low estimate is $1M.
