ORIC Pharmaceuticals Inc [ORIC] stock is trading at $10.22, saw in change for the day. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ORIC shares have gain 6.46% over the last week, with a monthly amount glided 37.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wedbush started tracking the stock with Outperform rating on September 22, 2023, and set its price target to $8. On March 23, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $16 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $15 on March 21, 2023. Oppenheimer upgraded its rating to a Outperform but $14 remained the price target by the analyst firm on March 16, 2023. In a note dated April 04, 2022, Citigroup upgraded an Buy rating on this stock and boosted its target price from $7 to $10.
ORIC Pharmaceuticals Inc [ORIC] stock has fluctuated between $5.27 and $16.65 over the past year. Currently, Wall Street analysts expect the stock to reach $16.25 within the next 12 months. ORIC Pharmaceuticals Inc [NASDAQ: ORIC] shares were valued at $10.22 at the most recent close of the market. An investor can expect a potential return of 59.0% based on the average ORIC price forecast.
Analyzing the ORIC fundamentals
Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -74.18%, Pretax Profit Margin comes in at -66.17%, and Net Profit Margin reading is -66.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.38 and Total Capital is -0.34. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 9.93 points at the first support level, and at 9.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.57, and for the 2nd resistance point, it is at 10.91.
Ratios To Look Out For
For context, ORIC Pharmaceuticals Inc’s Current Ratio is 21.31. In addition, the Quick Ratio stands at 21.31 and the Cash Ratio stands at 3.71.
Transactions by insiders
Recent insider trading involved Chacko Jacob, PRESIDENT AND CEO, that happened on Mar 06 ’24 when 40000.0 shares were sold. PRESIDENT AND CEO, Chacko Jacob completed a deal on Feb 07 ’24 to sell 26042.0 shares. Meanwhile, PRESIDENT AND CEO Chacko Jacob sold 13958.0 shares on Feb 06 ’24.
