At the time of writing, Eton Pharmaceuticals Inc [ETON] stock is trading at $13.32, up 2.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETON shares have gain 6.56% over the last week, with a monthly amount drifted -1.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Craig Hallum started tracking the stock with Buy rating on May 06, 2024, and set its price target to $8. H.C. Wainwright reiterated its Buy rating and decreased its price target to $15 on January 04, 2021. B. Riley FBR initiated its recommendation with a Buy and recommended $13.50 as its price target on September 20, 2019. H.C. Wainwright started tracking with a Buy rating for this stock on June 10, 2019, and assigned it a price target of $15.
For the past year, the stock price of Eton Pharmaceuticals Inc fluctuated between $3.03 and $13.98. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Eton Pharmaceuticals Inc [NASDAQ: ETON] shares were valued at $13.32 at the most recent close of the market. An investor can expect a potential drop of -2.4% based on the average ETON price forecast.
Analyzing the ETON fundamentals
According to Eton Pharmaceuticals Inc [NASDAQ:ETON], the company’s sales were 34.68M for trailing twelve months, which represents an 46.90% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.36 and Total Capital is -0.32.
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 12.91 points at the first support level, and at 12.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.77, and for the 2nd resistance point, it is at 14.23.
Ratios To Look Out For
It is important to note that Eton Pharmaceuticals Inc [NASDAQ:ETON] has a current ratio of 1.51. On the other hand, the Quick Ratio is 1.41, and the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 10.23, the price to book ratio is 21.53.
Transactions by insiders
Recent insider trading involved Opaleye Management Inc., 10% Owner, that happened on Oct 23 ’24 when 10000.0 shares were purchased. 10% Owner, Opaleye Management Inc. completed a deal on Oct 08 ’24 to buy 33970.0 shares. Meanwhile, 10% Owner Opaleye Management Inc. bought 16852.0 shares on Oct 04 ’24.
