UroGen Pharma Ltd (URGN) stock expected to rise by 220.37%: What’s driving the optimism?

UroGen Pharma Ltd [URGN] stock prices are up 5.56% to $13.11 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 URGN shares have gain 5.05% over the last week, with a monthly amount drifted -1.80%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

UroGen Pharma Ltd [NASDAQ: URGN] stock has seen the most recent analyst activity on August 22, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $40. Previously, Jefferies downgraded its rating to Hold on February 08, 2023, and dropped its price target to $10. On April 27, 2022, Berenberg initiated with a Buy rating and assigned a price target of $20 on the stock. H.C. Wainwright reiterated its Buy rating and increased its price target to $57 on April 16, 2020. H.C. Wainwright reiterated its recommendation of a Buy and reduced its price target to $53 on April 13, 2020. National Securities started tracking with a Neutral rating for this stock on January 09, 2020, and assigned it a price target of $37. In a note dated May 30, 2019, JP Morgan initiated an Neutral rating.

The stock price of UroGen Pharma Ltd [URGN] has been fluctuating between $10.60 and $20.70 over the past year. Currently, Wall Street analysts expect the stock to reach $42 within the next 12 months. UroGen Pharma Ltd [NASDAQ: URGN] shares were valued at $13.11 at the most recent close of the market. An investor can expect a potential return of 220.37% based on the average URGN price forecast.

Analyzing the URGN fundamentals

The UroGen Pharma Ltd [NASDAQ:URGN] reported sales of 85.01M for trailing twelve months, representing a surge of 3.35%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.94%, Pretax Profit Margin comes in at -1.29%, and Net Profit Margin reading is -1.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is 3.88 and Total Capital is -0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.25.

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 12.54 points at the first support level, and at 11.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.47, and for the 2nd resistance point, it is at 13.82.

Ratios To Look Out For

It’s worth pointing out that UroGen Pharma Ltd [NASDAQ:URGN]’s Current Ratio is 8.15. Further, the Quick Ratio stands at 7.93, while the Cash Ratio is 6.45. Considering the valuation of this stock, the price to sales ratio is 6.49, the price to book ratio is 17.81.

Transactions by insiders

Recent insider trading involved Schoenberg Mark, Chief Medical Officer, that happened on Sep 09 ’24 when 859.0 shares were sold. General Counsel, Smith Jason Drew completed a deal on Sep 09 ’24 to sell 1521.0 shares. Meanwhile, Officer Schoenberg Mark bought 859.0 shares on Sep 09 ’24.

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