At the time of writing, Halozyme Therapeutics Inc. [HALO] stock is trading at $63.20, up 1.67%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HALO shares have gain 3.73% over the last week, with a monthly amount glided 13.94%, 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:
Halozyme Therapeutics Inc. [NASDAQ: HALO] stock has seen the most recent analyst activity on June 07, 2024, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $51 from $48. Previously, TD Cowen started tracking the stock with Outperform rating on February 29, 2024, and set its price target to $54. On July 24, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $61 on the stock. Goldman downgraded its rating to a Neutral and increased its price target to $45 on July 24, 2023. Piper Sandler upgraded its rating to a Overweight but $46 remained the price target by the analyst firm on May 10, 2023. In a note dated March 16, 2023, SVB Securities downgraded an Market Perform rating on this stock but restated the target price of $42.
For the past year, the stock price of Halozyme Therapeutics Inc. fluctuated between $32.83 and $63.42. Currently, Wall Street analysts expect the stock to reach $56.86 within the next 12 months. Halozyme Therapeutics Inc. [NASDAQ: HALO] shares were valued at $63.20 at the most recent close of the market. An investor can expect a potential drop of -10.03% based on the average HALO price forecast.
Analyzing the HALO fundamentals
According to Halozyme Therapeutics Inc. [NASDAQ:HALO], the company’s sales were 873.30M for trailing twelve months, which represents an 4.67% jump. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 1.69 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.3.
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 62.54 points at the first support level, and at 61.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.68, and for the 2nd resistance point, it is at 64.15.
Ratios To Look Out For
It is important to note that Halozyme Therapeutics Inc. [NASDAQ:HALO] has a current ratio of 7.41. In addition, the Quick Ratio stands at 6.21 and the Cash Ratio stands at 1.41. Considering the valuation of this stock, the price to sales ratio is 9.17, the price to book ratio is 27.63 and price to earnings (TTM) ratio is 24.50.
Transactions by insiders
Recent insider trading involved LaBarre Michael J., SVP, CHIEF TECHNICAL OFFICER, that happened on Aug 21 ’24 when 10000.0 shares were sold. SVP, CHIEF TECHNICAL OFFICER, LaBarre Michael J. completed a deal on Aug 20 ’24 to sell 10000.0 shares. Meanwhile, Officer MICHAEL LABARRE bought 10000.0 shares on Aug 21 ’24.
