A share price of Nurix Therapeutics Inc [NRIX] is currently trading at $27.00, up 6.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The NRIX shares have gain 12.17% over the last week, with a monthly amount glided 22.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nurix Therapeutics Inc [NASDAQ: NRIX] stock has seen the most recent analyst activity on October 24, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $35. Previously, Jefferies started tracking the stock with Buy rating on October 11, 2024, and set its price target to $41. Truist started tracking the stock assigning a Buy rating and suggested a price target of $36 on July 31, 2024. Barclays started tracking with a Overweight rating for this stock on March 09, 2023, and assigned it a price target of $20. In a note dated February 28, 2023, Oppenheimer initiated an Outperform rating and provided a target price of $25 on this stock.
Nurix Therapeutics Inc experienced fluctuations in its stock price throughout the past year between $4.96 and $27.60. Currently, Wall Street analysts expect the stock to reach $32.2 within the next 12 months. Nurix Therapeutics Inc [NASDAQ: NRIX] shares were valued at $27.00 at the most recent close of the market. An investor can expect a potential return of 19.26% based on the average NRIX price forecast.
Analyzing the NRIX fundamentals
Trailing Twelve Months sales for Nurix Therapeutics Inc [NASDAQ:NRIX] were 56.42M which represents -31.84% decline. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -3.43%, Pretax Profit Margin comes in at -3.13%, and Net Profit Margin reading is -3.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.63 and Total Capital is -0.45. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 26.35 points at the first support level, and at 25.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.46, and for the 2nd resistance point, it is at 27.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nurix Therapeutics Inc [NASDAQ:NRIX] is 5.28. On the other hand, the Quick Ratio is 5.28, and the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 33.90, the price to book ratio is 4.81.
Transactions by insiders
Recent insider trading involved Ring Christine, Chief Legal Officer, that happened on Nov 04 ’24 when 3290.0 shares were sold. Officer, CHRISTINE RING completed a deal on Nov 04 ’24 to buy 3290.0 shares. Meanwhile, Chief Legal Officer Ring Christine sold 5760.0 shares on Nov 01 ’24.
