At the time of writing, Corcept Therapeutics Inc [CORT] stock is trading at $59.99, down -3.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The CORT shares have gain 10.19% over the last week, with a monthly amount glided 16.71%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Corcept Therapeutics Inc [NASDAQ: CORT] stock has seen the most recent analyst activity on November 06, 2023, when Truist upgraded its rating to a Buy and also boosted its price target to $38 from $29. Previously, SVB Securities started tracking the stock with Market Perform rating on April 11, 2023, and set its price target to $25. On April 04, 2023, Piper Sandler initiated with a Overweight rating and assigned a price target of $27 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $22 on February 15, 2023. Truist downgraded its rating to a Hold but $30 remained the price target by the analyst firm on August 01, 2022. Jefferies upgraded its rating to Buy for this stock on July 27, 2022, and upped its price target to $35.
For the past year, the stock price of Corcept Therapeutics Inc fluctuated between $20.84 and $62.98. Currently, Wall Street analysts expect the stock to reach $68 within the next 12 months. Corcept Therapeutics Inc [NASDAQ: CORT] shares were valued at $59.99 at the most recent close of the market. An investor can expect a potential return of 13.35% based on the average CORT price forecast.
Analyzing the CORT fundamentals
According to Corcept Therapeutics Inc [NASDAQ:CORT], the company’s sales were 628.55M for trailing twelve months, which represents an 47.69% jump. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.25 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 58.79 points at the first support level, and at 57.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.74, and for the 2nd resistance point, it is at 63.49.
Ratios To Look Out For
It is important to note that Corcept Therapeutics Inc [NASDAQ:CORT] has a current ratio of 3.70. On the other hand, the Quick Ratio is 3.64, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 10.00, the price to book ratio is 9.83 and price to earnings (TTM) ratio is 47.71.
Transactions by insiders
Recent insider trading involved Swisher Daniel N JR, Director, that happened on Jan 10 ’25 when 2200.0 shares were sold. Director, Swisher Daniel N JR completed a deal on Jan 10 ’25 to buy 2200.0 shares. Meanwhile, Maduck Sean sold 20000.0 shares on Jan 02 ’25.
