At the time of writing, ORIC Pharmaceuticals Inc [ORIC] stock is trading at $11.90, up 5.87%. 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 ORIC shares have gain 16.44% over the last week, with a monthly amount glided 79.49%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of ORIC Pharmaceuticals Inc fluctuated between $5.27 and $16.65. 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 $11.90 at the most recent close of the market. An investor can expect a potential return of 36.55% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 11.50 points at the first support level, and at 11.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.19, and for the 2nd resistance point, it is at 12.48.
Ratios To Look Out For
It is important to note that ORIC Pharmaceuticals Inc [NASDAQ:ORIC] has a current ratio of 21.31. Further, the Quick Ratio stands at 21.31, while the Cash Ratio is 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.
