At the time of writing, Halozyme Therapeutics Inc. [HALO] stock is trading at $53.46, down -0.67%. 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 5.53% over the last week, with a monthly amount drifted -13.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Halozyme Therapeutics Inc. [NASDAQ: HALO] stock has seen the most recent analyst activity on October 07, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also boosted its price target to $62 from $58. Previously, JP Morgan downgraded its rating to Neutral on September 19, 2024, and elevated its price target to $57. On June 07, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $51 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $54 on February 29, 2024. H.C. Wainwright initiated its recommendation with a Buy and recommended $61 as its price target on July 24, 2023. Goldman downgraded its rating to Neutral for this stock on July 24, 2023, and upped its price target to $45. In a note dated May 10, 2023, Piper Sandler upgraded an Overweight rating on this stock but restated the target price of $46.
For the past year, the stock price of Halozyme Therapeutics Inc. fluctuated between $32.83 and $65.53. 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 $53.46 at the most recent close of the market. An investor can expect a potential return of 6.36% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.3.
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 52.96 points at the first support level, and at 52.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.83, and for the 2nd resistance point, it is at 54.20.
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 7.75, the price to book ratio is 23.37 and price to earnings (TTM) ratio is 20.72.
Transactions by insiders
Recent insider trading involved LaBarre Michael J., SVP, CHIEF TECHNICAL OFFICER, that happened on Oct 15 ’24 when 10000.0 shares were sold. SVP, CHIEF TECHNICAL OFFICER, LaBarre Michael J. completed a deal on Oct 16 ’24 to sell 10000.0 shares. Meanwhile, Officer MICHAEL LABARRE bought 10000.0 shares on Oct 16 ’24.
