With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $126.65 whereas the lowest price it dropped to was $123.5. The 52-week range on NBIX shows that it touched its highest point at $157.98 and its lowest point at $103.63 during that stretch. It currently has a 1-year price target of $163.75. Beta for the stock currently stands at 0.34.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NBIX was up-trending over the past week, with a rise of 3.08%, but this was up by 11.07% over a month. Three-month performance dropped to -15.84% while six-month performance fell -11.23%. The stock gained 6.26% in the past year, while it has lost -5.90% so far this year. A look at the trailing 12-month EPS for NBIX yields 3.73 with Next year EPS estimates of 6.41. For the next quarter, that number is 1.59. This implies an EPS growth rate of 74.99% for this year and 48.22% for next year. EPS is expected to grow by 41.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 62.04%.
Float and Shares Shorts:
At present, 101.25 million NBIX shares are outstanding with a float of 99.05 million shares on hand for trading. On 2024-10-15, short shares totaled 2.62 million, which was 258.99999 higher than short shares on 1726185600. In addition to Mr. Kyle W. Gano Ph.D. as the firm’s CEO & Director, Mr. Matthew C. Abernethy serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.96740997 of NBIX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NBIX reported revenue of $622100000.0 and operating income of $184800000.0. The EBITDA in the recently reported quarter was $185800000.0 and diluted EPS was $1.24.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NBIX since 14 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NBIX analysts setting a high price target of 192.0 and a low target of 121.0, the average target price over the next 12 months is 162.96. Based on these targets, NBIX could surge 54.86% to reach the target high and fall by -2.4% to reach the target low. Reaching the average price target will result in a growth of 31.44% from current levels.
Analysts have provided yearly estimates in a range of $4.71461 being high and $4.06355 being low. For NBIX, this leads to a yearly average estimate of $4.41153. The surprise factor in the prior quarter was $1.05. Based on analyst estimates, the high estimate for the next quarter is $1.83 and the low estimate is $1.04. The average estimate for the next quarter is thus $1.36.
