At the time of writing, Biomarin Pharmaceutical Inc [BMRN] stock is trading at $66.27, up 0.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BMRN shares have gain 1.11% over the last week, with a monthly amount glided 4.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Biomarin Pharmaceutical Inc [NASDAQ: BMRN] stock has seen the most recent analyst activity on November 15, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $95. Previously, William Blair downgraded its rating to Mkt Perform on October 30, 2024. Bernstein upgraded its rating to a Outperform and increased its price target to $110 on August 20, 2024. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $72 on May 17, 2024. Evercore ISI started tracking with a Outperform rating for this stock on May 14, 2024, and assigned it a price target of $113. In a note dated November 15, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $100 on this stock.
For the past year, the stock price of Biomarin Pharmaceutical Inc fluctuated between $61.15 and $99.25. Currently, Wall Street analysts expect the stock to reach $94.43 within the next 12 months. Biomarin Pharmaceutical Inc [NASDAQ: BMRN] shares were valued at $66.27 at the most recent close of the market. An investor can expect a potential return of 42.49% based on the average BMRN price forecast.
Analyzing the BMRN fundamentals
According to Biomarin Pharmaceutical Inc [NASDAQ:BMRN], the company’s sales were 2.75B for trailing twelve months, which represents an 26.69% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.06 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 65.13 points at the first support level, and at 63.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.94, and for the 2nd resistance point, it is at 67.60.
Ratios To Look Out For
It is important to note that Biomarin Pharmaceutical Inc [NASDAQ:BMRN] has a current ratio of 4.27. As well, the Quick Ratio is 2.62, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 4.64, the price to book ratio is 2.33 and price to earnings (TTM) ratio is 39.90.
Transactions by insiders
Recent insider trading involved Guyer Charles Greg, EVP, Chief Technical Officer, that happened on Nov 12 ’24 when 5278.0 shares were sold. Officer, Guyer Charles Greg completed a deal on Nov 12 ’24 to buy 5278.0 shares. Meanwhile, GVP, Chief Accounting Officer Burkhart Erin sold 714.0 shares on Aug 13 ’24.
