At the time of writing, Pacira BioSciences Inc [PCRX] stock is trading at $19.09, up 14.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCRX shares have gain 13.77% over the last week, with a monthly amount glided 16.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pacira BioSciences Inc [NASDAQ: PCRX] stock has seen the most recent analyst activity on August 13, 2024, when Truist downgraded its rating to a Sell and also revised its price target to $8 from $30. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on August 12, 2024, and dropped its price target to $14. On August 12, 2024, downgrade downgraded it’s rating to Mkt Perform. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $11 on August 12, 2024. JP Morgan downgraded its rating to a Underweight and reduced its price target to $10 on August 12, 2024. Barclays downgraded its rating to Equal Weight for this stock on July 03, 2024, and downed its price target to $25.
For the past year, the stock price of Pacira BioSciences Inc fluctuated between $11.16 and $35.95. Currently, Wall Street analysts expect the stock to reach $23.75 within the next 12 months. Pacira BioSciences Inc [NASDAQ: PCRX] shares were valued at $19.09 at the most recent close of the market. An investor can expect a potential return of 24.41% based on the average PCRX price forecast.
Analyzing the PCRX fundamentals
According to Pacira BioSciences Inc [NASDAQ:PCRX], the company’s sales were 694.96M for trailing twelve months, which represents an 2.83% jump. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.11 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.78.
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 17.32 points at the first support level, and at 15.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.17, and for the 2nd resistance point, it is at 21.26.
Ratios To Look Out For
It is important to note that Pacira BioSciences Inc [NASDAQ:PCRX] has a current ratio of 2.25. On the other hand, the Quick Ratio is 1.89, and the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 1.18.
Transactions by insiders
Recent insider trading involved GAUGLER DARYL, Chief Operating Officer, that happened on Sep 13 ’24 when 500.0 shares were sold. Officer, GAUGLER DARYL completed a deal on Sep 13 ’24 to buy 500.0 shares. Meanwhile, Director BIGAL MARCELO bought 1512.0 shares on Aug 16 ’24.
