ORIC Pharmaceuticals Inc [ORIC] stock prices are up 6.51% to $9.00 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ORIC shares have gain 3.33% over the last week, with a monthly amount drifted -12.20%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ORIC Pharmaceuticals Inc [NASDAQ: ORIC] stock has seen the most recent analyst activity on September 06, 2024, when Stifel initiated its Buy rating and assigned the stock a price target of $20. On September 22, 2023, Wedbush initiated with a Outperform rating and assigned a price target of $8 on the stock. H.C. Wainwright upgraded its rating to a Buy but stick to its price target of $16 on March 23, 2023. Guggenheim upgraded its rating to a Buy but $15 remained the price target by the analyst firm on March 21, 2023. Oppenheimer upgraded its rating to Outperform for this stock on March 16, 2023, but kept the price target unchanged to $14.
The stock price of ORIC Pharmaceuticals Inc [ORIC] has been fluctuating between $5.85 and $16.65 over the past year. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. ORIC Pharmaceuticals Inc [NASDAQ: ORIC] shares were valued at $9.00 at the most recent close of the market. An investor can expect a potential return of 88.89% based on the average ORIC price forecast.
Analyzing the ORIC fundamentals
Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -81.35%, Pretax Profit Margin comes in at -72.03%, and Net Profit Margin reading is -72.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.4 and Total Capital is -0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 8.37 points at the first support level, and at 7.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.41, and for the 2nd resistance point, it is at 9.82.
Ratios To Look Out For
It’s worth pointing out that ORIC Pharmaceuticals Inc [NASDAQ:ORIC]’s Current Ratio is 15.08. As well, the Quick Ratio is 15.08, while the Cash Ratio is 2.55.
Transactions by insiders
Recent insider trading involved Chacko Jacob, PRESIDENT AND CEO, that happened on Mar 06 ’24 when 40000.0 shares were sold. PRESIDENT AND CEO, Chacko Jacob completed a deal on Feb 07 ’24 to sell 26042.0 shares. Meanwhile, PRESIDENT AND CEO Chacko Jacob sold 13958.0 shares on Feb 06 ’24.
