Stock Market Recap: Corcept Therapeutics Inc (CORT) Concludes at 52.42, a -4.93 Surge/Decline

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After finishing at $55.14 in the prior trading day, Corcept Therapeutics Inc (NASDAQ: CORT) closed at $52.42, down -4.93%. In other words, the price has decreased by -$4.93 from its previous closing price. On the day, 0.8 million shares were traded. CORT stock price reached its highest trading level at $55.99 during the session, while it also had its lowest trading level at $52.02.

Ratios:

Our goal is to gain a better understanding of CORT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.52. For the most recent quarter (mrq), Quick Ratio is recorded 3.64 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

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 the company, Truist on November 06, 2023, Upgraded its rating to Buy and sets its target price to $38 from $29 previously.

On April 11, 2023, SVB Securities started tracking the stock assigning a Market Perform rating and target price of $25.

On April 04, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $27.Piper Sandler initiated its Overweight rating on April 04, 2023, with a $27 target price.

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 10 ’24 when Swisher Daniel N JR sold 2,200 shares for $59.46 per share. The transaction valued at 130,812 led to the insider holds 0 shares of the business.

Swisher Daniel N JR bought 2,200 shares of CORT for $130,812 on Dec 10 ’24. On Nov 22 ’24, another insider, Robb Gary Charles, who serves as the Chief Business Officer of the company, sold 2,609 shares for $56.20 each. As a result, the insider received 146,626 and left with 20,163 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, CORT now has a Market Capitalization of 5492305408 and an Enterprise Value of 5118767616. As of this moment, Corcept’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.69, and their Forward P/E ratio for the next fiscal year is 27.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.74 while its Price-to-Book (P/B) ratio in mrq is 8.59. Its current Enterprise Value per Revenue stands at 8.144 whereas that against EBITDA is 35.526.

Stock Price History:

Over the past 52 weeks, CORT has reached a high of $62.22, while it has fallen to a 52-week low of $20.84. The 50-Day Moving Average of the stock is -1.72%, while the 200-Day Moving Average is calculated to be 42.60%.

Shares Statistics:

The stock has traded on average 1.01M shares per day over the past 3-months and 820910 shares per day over the last 10 days, according to various share statistics. A total of 104.70M shares are outstanding, with a floating share count of 90.24M. Insiders hold about 13.87% of the company’s shares, while institutions hold 82.24% stake in the company. Shares short for CORT as of 1732838400 were 17051615 with a Short Ratio of 16.82, compared to 1730332800 on 18798697. Therefore, it implies a Short% of Shares Outstanding of 17051615 and a Short% of Float of 22.850001.

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