At the time of writing, Mirati Therapeutics Inc. [MRTX] stock is trading at $69.94, up down -2.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MRTX shares have lost -15.21% over the last week, with a monthly amount drifted -8.35%, and not seem to be holding up well over a long-time horizon.
On 22, September 2022, Mirati Therapeutics to Participate in Two Upcoming Healthcare Conferences. In a post published today on Yahoo Finance, Mirati Therapeutics, Inc. (NASDAQ: MRTX), a clinical-stage targeted oncology company, will participate in two upcoming healthcare conferences.
From an analyst’s perspective:
Mirati Therapeutics Inc. [NASDAQ: MRTX] stock has seen the most recent analyst activity on September 15, 2022, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $110. Previously, JMP Securities upgraded its rating to Mkt Outperform on June 07, 2022, and kept the price target unchanged to $72. On May 20, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $115 on the stock. BofA Securities upgraded its rating to a Neutral and decreased its price target to $141 on February 01, 2022. BMO Capital Markets initiated its recommendation with a Outperform and recommended $187 as its price target on November 19, 2021. Stifel started tracking with a Buy rating for this stock on September 23, 2021, and assigned it a price target of $202. In a note dated August 26, 2021, Morgan Stanley initiated an Equal-Weight rating and iterated a target price of $160 on this stock.
For the past year, the stock price of Mirati Therapeutics Inc. fluctuated between $32.96 and $195.99. Currently, Wall Street analysts expect the stock to reach $119.47 within the next 12 months. Mirati Therapeutics Inc. [NASDAQ: MRTX] shares were valued at $69.94 at the most recent close of the market. An investor can expect a potential return of 70.82% based on the average price forecast.
Analyzing the MRTX fundamentals
Gross Margin for this corporation currently stands at +97.53% with Operating Margin at -795.07%, Pretax Margin comes in at -802.43%, and Net Margin reading is -807.00%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.71 points at the first support level, and at 65.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.83, and for the 2nd resistance point, it is at 73.72.
Mirati Therapeutics Inc. [MRTX] reported earnings per share of -$3.4 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$3.49/share, meaning a difference of $0.09 and a surprise factor of 2.60%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$3.72 per share as compared to estimates of -$3 per share, a difference of $-0.72 representing a surprise of -24.00%.
Ratios To Look Out For
It is important to note that Mirati Therapeutics Inc. [NASDAQ:MRTX] has a current ratio of 10.10. Further, the Quick Ratio stands at 10.50, while the Cash Ratio is 10.38. Considering the valuation of this stock, the price to sales ratio is 105.57, the price to book ratio is 5.81.
Transactions by insiders
Insider trading, which has resulted in 1 insider purchases of 10,000 shares and 2 insider sales of 10,000 shares in the past three months, is now the topic of our analysis. Recent insider trading involved CARTER BRUCE L A, Director, that happened on Aug 12 when 10000.0 shares were sold. EVP, Chief Scientific Officer, Christensen Jamie completed a deal on May 23 to sell 624.0 shares. Meanwhile, Director Cherrington Julie M sold 1475.0 shares on Jan 19.