Recent Performance of Pacira BioSciences Inc (PCRX) Stock: A Closer Look

A share price of Pacira BioSciences Inc [PCRX] is currently trading at $15.05, up 3.51%. 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 PCRX shares have gain 5.39% over the last week, with a monthly amount drifted -2.02%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Pacira BioSciences Inc [NASDAQ: PCRX] stock has seen the most recent analyst activity on August 13, 2024, when Truist downgraded its rating to a Sell and also revised its price target to $8 from $30. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on August 12, 2024, and dropped its price target to $14. On August 12, 2024, downgrade downgraded it’s rating to Mkt Perform. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $11 on August 12, 2024. JP Morgan downgraded its rating to a Underweight and reduced its price target to $10 on August 12, 2024. Barclays downgraded its rating to Equal Weight for this stock on July 03, 2024, and downed its price target to $25.

Pacira BioSciences Inc experienced fluctuations in its stock price throughout the past year between $11.16 and $35.95. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Pacira BioSciences Inc [NASDAQ: PCRX] shares were valued at $15.05 at the most recent close of the market. An investor can expect a potential return of 165.78% based on the average PCRX price forecast.

Analyzing the PCRX fundamentals

Trailing Twelve Months sales for Pacira BioSciences Inc [NASDAQ:PCRX] were 690.31M which represents 5.05% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.

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 14.58 points at the first support level, and at 14.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.30, and for the 2nd resistance point, it is at 15.54.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Pacira BioSciences Inc [NASDAQ:PCRX] is 6.82. Further, the Quick Ratio stands at 5.70, while the Cash Ratio is 2.67. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 11.70.

Transactions by insiders

Recent insider trading involved GAUGLER DARYL, Chief Operating Officer, that happened on Sep 13 ’24 when 500.0 shares were sold. Officer, GAUGLER DARYL completed a deal on Sep 13 ’24 to buy 500.0 shares. Meanwhile, Director BIGAL MARCELO bought 1512.0 shares on Aug 16 ’24.

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