A share price of Harmony Biosciences Holdings Inc [HRMY] is currently trading at $35.75, up 2.64%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HRMY shares have gain 9.03% over the last week, with a monthly amount drifted -13.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, UBS started tracking the stock with Buy rating on September 10, 2024, and set its price target to $56. On June 21, 2024, Citigroup initiated with a Buy rating and assigned a price target of $48 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $30 on January 02, 2024. Goldman downgraded its rating to a Sell and reduced its price target to $31 on September 25, 2023. Berenberg started tracking with a Buy rating for this stock on September 07, 2023, and assigned it a price target of $59. In a note dated April 20, 2023, BofA Securities initiated an Neutral rating and provided a target price of $35 on this stock.
Harmony Biosciences Holdings Inc experienced fluctuations in its stock price throughout the past year between $28.14 and $41.61. Currently, Wall Street analysts expect the stock to reach $48.86 within the next 12 months. Harmony Biosciences Holdings Inc [NASDAQ: HRMY] shares were valued at $35.75 at the most recent close of the market. An investor can expect a potential return of 36.67% based on the average HRMY price forecast.
Analyzing the HRMY fundamentals
Trailing Twelve Months sales for Harmony Biosciences Holdings Inc [NASDAQ:HRMY] were 681.88M which represents 16.08% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 35.03 points at the first support level, and at 34.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.21, and for the 2nd resistance point, it is at 36.68.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Harmony Biosciences Holdings Inc [NASDAQ:HRMY] is 3.24. In addition, the Quick Ratio stands at 3.20 and the Cash Ratio stands at 2.4. Considering the valuation of this stock, the price to sales ratio is 2.99, the price to book ratio is 3.42 and price to earnings (TTM) ratio is 16.92.
Transactions by insiders
Recent insider trading involved Valor IV Pharma Holdings, LLC, 10% Owner, that happened on Nov 01 ’24 when 4.0 million shares were sold. 10% Owner, Valor IV Pharma Holdings, LLC completed a deal on Nov 05 ’24 to sell 0.6 million shares. Meanwhile, 10% Owner Marshman Fund Trust II sold 4.0 million shares on Nov 01 ’24.
