Catalyst Pharmaceuticals Inc (CPRX) stock hits $18.48: Is it a good time to buy or wait for a dip?

Catalyst Pharmaceuticals Inc [CPRX] stock prices are up 0.98% to $18.48 at the moment. 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 CPRX shares have gain 12.20% over the last week, with a monthly amount glided 13.30%, 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:

Catalyst Pharmaceuticals Inc [NASDAQ: CPRX] stock has seen the most recent analyst activity on March 14, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $27. Previously, BofA Securities started tracking the stock with Buy rating on March 07, 2024, and set its price target to $23. On December 21, 2023, Oppenheimer initiated with a Outperform rating and assigned a price target of $30 on the stock. ROTH Capital downgraded its rating to a Neutral and increased its price target to $15.50 on August 24, 2022. Cantor Fitzgerald initiated its recommendation with a Overweight. In a note dated October 05, 2016, Piper Jaffray upgraded an Overweight rating on this stock.

The stock price of Catalyst Pharmaceuticals Inc [CPRX] has been fluctuating between $11.55 and $18.83 over the past year. Currently, Wall Street analysts expect the stock to reach $19.38 within the next 12 months. Catalyst Pharmaceuticals Inc [NASDAQ: CPRX] shares were valued at $18.48 at the most recent close of the market. An investor can expect a potential return of 4.87% based on the average CPRX price forecast.

Analyzing the CPRX fundamentals

The Catalyst Pharmaceuticals Inc [NASDAQ:CPRX] reported sales of 434.48M for trailing twelve months, representing a surge of 23.23%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.14 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

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 17.71 points at the first support level, and at 16.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.12, and for the 2nd resistance point, it is at 19.76.

Ratios To Look Out For

It’s worth pointing out that Catalyst Pharmaceuticals Inc [NASDAQ:CPRX]’s Current Ratio is 5.14. Further, the Quick Ratio stands at 4.94, while the Cash Ratio is 4.07. Considering the valuation of this stock, the price to sales ratio is 5.05, the price to book ratio is 3.60 and price to earnings (TTM) ratio is 34.64.

Transactions by insiders

Recent insider trading involved INGENITO GARY, Officer, that happened on Aug 09 ’24 when 100000.0 shares were purchased. Officer, Del Carmen Jeffrey completed a deal on Aug 09 ’24 to buy 36058.0 shares. Meanwhile, Chief Commercial Officer Del Carmen Jeffrey sold 7541.0 shares on Jun 07 ’24.

Related Posts