A share price of Nurix Therapeutics Inc [NRIX] is currently trading at $21.86, down -0.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NRIX shares have gain 0.88% over the last week, with a monthly amount drifted -8.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Truist started tracking the stock with Buy rating on July 31, 2024, and set its price target to $36. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $20 on March 09, 2023. Oppenheimer initiated its recommendation with a Outperform and recommended $25 as its price target on February 28, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on October 11, 2022, and assigned it a price target of $11. In a note dated May 31, 2022, Wells Fargo upgraded an Overweight rating on this stock but restated the target price of $25.
Nurix Therapeutics Inc experienced fluctuations in its stock price throughout the past year between $4.22 and $26.31. Currently, Wall Street analysts expect the stock to reach $27.57 within the next 12 months. Nurix Therapeutics Inc [NASDAQ: NRIX] shares were valued at $21.86 at the most recent close of the market. An investor can expect a potential return of 26.12% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 21.26 points at the first support level, and at 20.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.26, and for the 2nd resistance point, it is at 22.67.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nurix Therapeutics Inc [NASDAQ:NRIX] is 5.57. As well, the Quick Ratio is 5.57, while the Cash Ratio is 1.45. Considering the valuation of this stock, the price to sales ratio is 22.60, the price to book ratio is 3.80.
Transactions by insiders
Recent insider trading involved Ring Christine, Chief Legal Officer, that happened on Oct 01 ’24 when 5760.0 shares were sold. Officer, CHRISTINE RING completed a deal on Oct 01 ’24 to buy 9050.0 shares. Meanwhile, Chief Legal Officer Ring Christine sold 9050.0 shares on Sep 03 ’24.
