The price of Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) closed at $84.11 in the last session, down -0.77% from day before closing price of $84.76. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 918642 shares were traded.
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Ratios:
We take a closer look at BMRN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 253.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.13.
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 November 15, 2023, initiated with a Overweight rating and assigned the stock a target price of $100.
On October 23, 2023, Bernstein Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $82.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when BIENAIME JEAN JACQUES sold 1,000 shares for $86.71 per share. The transaction valued at 86,713 led to the insider holds 560,203 shares of the business.
FUCHS HENRY J sold 35,341 shares of BMRN for $3,010,396 on Mar 05 ’24. The President, Worldwide R&D now owns 212,117 shares after completing the transaction at $85.18 per share. On Mar 05 ’24, another insider, Ajer Jeffrey Robert, who serves as the EVP, Chief Commercial Officer of the company, sold 4,000 shares for $87.07 each. As a result, the insider received 348,280 and left with 94,047 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, BMRN now has a Market Capitalization of 15.87B and an Enterprise Value of 15.89B. As of this moment, Biomarin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 96.54, and their Forward P/E ratio for the next fiscal year is 31.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.56 while its Price-to-Book (P/B) ratio in mrq is 3.20. Its current Enterprise Value per Revenue stands at 6.57 whereas that against EBITDA is 51.31.
Stock Price History:
Over the past 52 weeks, BMRN has reached a high of $100.38, while it has fallen to a 52-week low of $76.02. The 50-Day Moving Average of the stock is 88.83, while the 200-Day Moving Average is calculated to be 89.39.
Shares Statistics:
According to the various share statistics, BMRN traded on average about 1.35M shares per day over the past 3-months and 1.19M shares per day over the past 10 days. A total of 188.60M shares are outstanding, with a floating share count of 184.71M. Insiders hold about 2.10% of the company’s shares, while institutions hold 99.33% stake in the company. Shares short for BMRN as of Feb 29, 2024 were 3.06M with a Short Ratio of 2.26, compared to 3.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.62% and a Short% of Float of 1.63%.
Earnings Estimates
The company has 17 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.21, while EPS last year was $0.27. The consensus estimate for the next quarter is $0.37, with high estimates of $0.47 and low estimates of $0.23.
Analysts are recommending an EPS of between $2.08 and $1.17 for the fiscal current year, implying an average EPS of $1.65. EPS for the following year is $2.79, with 19 analysts recommending between $4.91 and $1.43.
Revenue Estimates
According to 22 analysts, the current quarter’s revenue is expected to be $650.74M. It ranges from a high estimate of $675M to a low estimate of $618.9M. As of the current estimate, Biomarin Pharmaceutical Inc.’s year-ago sales were $596.41M, an estimated increase of 9.10% from the year-ago figure.
A total of 27 analysts have provided revenue estimates for BMRN’s current fiscal year. The highest revenue estimate was $2.92B, while the lowest revenue estimate was $2.61B, resulting in an average revenue estimate of $2.76B. In the same quarter a year ago, actual revenue was $2.42B, up 14.10% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $3.17B in the next fiscal year. The high estimate is $3.76B and the low estimate is $2.82B. The average revenue growth estimate for next year is up 14.70% from the average revenue estimate for this year.
