A share price of Nurix Therapeutics Inc [NRIX] is currently trading at $25.69, up 6.95%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NRIX shares have gain 9.46% over the last week, with a monthly amount glided 17.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nurix Therapeutics Inc [NASDAQ: NRIX] stock has seen the most recent analyst activity on July 31, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $36. On March 09, 2023, Barclays initiated with a Overweight rating and assigned a price target of $20 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $25 on February 28, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $11 as its price target on October 11, 2022. Wells Fargo upgraded its rating to Overweight for this stock on May 31, 2022, but kept the price target unchanged to $25. In a note dated February 10, 2022, Wells Fargo initiated an Equal Weight rating and provided a target price of $28 on this stock.
Nurix Therapeutics Inc experienced fluctuations in its stock price throughout the past year between $4.22 and $24.54. Currently, Wall Street analysts expect the stock to reach $27.43 within the next 12 months. Nurix Therapeutics Inc [NASDAQ: NRIX] shares were valued at $25.69 at the most recent close of the market. An investor can expect a potential return of 6.77% based on the average NRIX price forecast.
Analyzing the NRIX fundamentals
Trailing Twelve Months sales for Nurix Therapeutics Inc [NASDAQ:NRIX] were 62.30M which represents -60.58% decline. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -2.87%, Pretax Profit Margin comes in at -2.65%, and Net Profit Margin reading is -2.65%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.68 and Total Capital is -0.42. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 24.48 points at the first support level, and at 23.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.51, and for the 2nd resistance point, it is at 27.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nurix Therapeutics Inc [NASDAQ:NRIX] is 5.57. In addition, the Quick Ratio stands at 5.57 and the Cash Ratio stands at 1.45. Considering the valuation of this stock, the price to sales ratio is 26.56, the price to book ratio is 4.46.
Transactions by insiders
Recent insider trading involved Ring Christine, Chief Legal Officer, that happened on Aug 26 ’24 when 9870.0 shares were sold. Chief Financial Officer, van Houte Hans completed a deal on Aug 26 ’24 to sell 20000.0 shares. Meanwhile, Officer JOHANNES VAN HOUTE bought 20000.0 shares on Aug 26 ’24.
