DURECT Corporation (NASDAQ:DRRX) went down by -8.83% from its latest closing price compared to the recent 1-year high of $1.84. The company’s stock price has collected -25.87% of loss in the last five trading sessions.
Is It Worth Investing in DURECT Corporation (NASDAQ :DRRX) Right Now?
Plus, the 36-month beta value for DRRX is at 1.38.
The average price from analysts is $5.67, which is $5.22 above the current price. DRRX currently public float of 224.29M and currently shorts hold a 5.04% ratio of that float. Today, the average trading volume of DRRX was 934.93K shares.
DRRX’s Market Performance
DRRX stocks went down by -25.87% for the week, with a monthly jump of 10.72% and a quarterly performance of -30.52%, while its annual performance rate touched -73.56%. The volatility ratio for the week stands at 12.54% while the volatility levels for the past 30 days are set at 15.08% for DURECT Corporation. The simple moving average for the period of the last 20 days is -9.12% for DRRX stocks with a simple moving average of -45.28% for the last 200 days.
Analysts’ Opinion of DRRX
Many brokerage firms have already submitted their reports for DRRX stocks, with Chardan Capital Markets repeating the rating for DRRX by listing it as a “Buy.” The predicted price for DRRX in the upcoming period, according to Chardan Capital Markets is $7 based on the research report published on October 30th of the previous year 2020.
Oppenheimer gave a rating of “Outperform” to DRRX, setting the target price at $7 in the report published on July 31st of the previous year.
DRRX Trading at -2.85% from the 50-Day Moving Average
After a stumble in the market that brought DRRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.42% of loss for the given period.
Volatility was left at 15.08%, however, over the last 30 days, the volatility rate increased by 12.54%, as shares surge +14.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.65% lower at present.
During the last 5 trading sessions, DRRX fell by -25.87%, which changed the moving average for the period of 200-days by -67.47% in comparison to the 20-day moving average, which settled at $0.5003. In addition, DURECT Corporation saw -54.13% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DRRX starting from Robertson Judith J., who purchase 65,000 shares at the price of $0.39 back on May 26. After this action, Robertson Judith J. now owns 265,000 shares of DURECT Corporation, valued at $25,597 using the latest closing price.
AZAB MOHAMMAD, the Director of DURECT Corporation, purchase 30,000 shares at $0.39 during a trade that took place back on May 24, which means that AZAB MOHAMMAD is holding 60,000 shares at $11,638 based on the most recent closing price.
Stock Fundamentals for DRRX
Current profitability levels for the company are sitting at:
- -245.21 for the present operating margin
- +86.01 for the gross margin
The net margin for DURECT Corporation stands at -259.46. Equity return is now at value -60.90, with -39.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 8.13.