Xeris Biopharma Holdings Inc (XERS) stock hits $3.04: Is it a good time to buy or wait for a dip?

Xeris Biopharma Holdings Inc [XERS] stock is trading at $3.04, up 0.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The XERS shares have gain 8.19% over the last week, with a monthly amount glided 4.83%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Xeris Biopharma Holdings Inc [NASDAQ: XERS] stock has seen the most recent analyst activity on March 28, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $5. Previously, Craig Hallum started tracking the stock with Buy rating on August 28, 2023, and set its price target to $4.50. On October 21, 2022, Jefferies initiated with a Buy rating and assigned a price target of $4 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $6.50 on April 28, 2022. SVB Leerink initiated its recommendation with a Outperform and recommended $6 as its price target on November 17, 2021. H.C. Wainwright started tracking with a Buy rating for this stock on October 29, 2021, and assigned it a price target of $4.

Xeris Biopharma Holdings Inc [XERS] stock has fluctuated between $1.46 and $3.26 over the past year. Currently, Wall Street analysts expect the stock to reach $4.75 within the next 12 months. Xeris Biopharma Holdings Inc [NASDAQ: XERS] shares were valued at $3.04 at the most recent close of the market. An investor can expect a potential return of 56.25% based on the average XERS price forecast.

Analyzing the XERS fundamentals

Xeris Biopharma Holdings Inc [NASDAQ:XERS] reported sales of 181.41M for the trailing twelve months, which represents a growth of 26.46%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is 7.59 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-12.23.

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 2.99 points at the first support level, and at 2.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.10, and for the 2nd resistance point, it is at 3.16.

Ratios To Look Out For

For context, Xeris Biopharma Holdings Inc’s Current Ratio is 2.26. On the other hand, the Quick Ratio is 1.69, and the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 2.50.

Transactions by insiders

Recent insider trading involved Schmid John P., Director, that happened on Aug 12 ’24 when 4515.0 shares were purchased. Director, Schmid John P. completed a deal on Aug 09 ’24 to buy 4285.0 shares. Meanwhile, Director Schmid John P. bought 5400.0 shares on May 10 ’24.

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