Nurix Therapeutics Inc [NRIX] stock is trading at $16.74, down -2.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NRIX shares have gain 20.43% over the last week, with a monthly amount glided 15.61%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Overweight rating on March 09, 2023, and set its price target to $20. On February 28, 2023, Oppenheimer initiated with a Outperform rating and assigned a price target of $25 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $11 on October 11, 2022. Wells Fargo upgraded its rating to a Overweight but $25 remained the price target by the analyst firm on May 31, 2022. Wells Fargo started tracking with a Equal Weight rating for this stock on February 10, 2022, and assigned it a price target of $28. In a note dated December 29, 2021, H.C. Wainwright initiated an Buy rating and provided a target price of $62 on this stock.
Nurix Therapeutics Inc [NRIX] stock has fluctuated between $4.22 and $18.12 over the past year. Currently, Wall Street analysts expect the stock to reach $25.25 within the next 12 months. Nurix Therapeutics Inc [NASDAQ: NRIX] shares were valued at $16.74 at the most recent close of the market. An investor can expect a potential return of 50.84% based on the average NRIX price forecast.
Analyzing the NRIX fundamentals
Nurix Therapeutics Inc [NASDAQ:NRIX] reported sales of 80.89M for the trailing twelve months, which represents a growth of 30.74%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -1.95%, Pretax Profit Margin comes in at -1.79%, and Net Profit Margin reading is -1.76%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -0.66 and Total Capital is -0.7. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 15.82 points at the first support level, and at 14.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.23, and for the 2nd resistance point, it is at 17.73.
Ratios To Look Out For
For context, Nurix Therapeutics Inc’s Current Ratio is 2.86. Also, the Quick Ratio is 2.86, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 10.17, the price to book ratio is 4.87.
Transactions by insiders
Recent insider trading involved van Houte Hans, Chief Financial Officer, that happened on Feb 16 ’24 when 6812.0 shares were sold. Chief Scientific Officer, Hansen Gwenn completed a deal on Jan 30 ’24 to sell 2334.0 shares. Meanwhile, Chief Legal Officer Ring Christine sold 1760.0 shares on Jan 30 ’24.
