Biomarin Pharmaceutical Inc. (BMRN): A Technical Analysis

Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) has a higher price-to-earnings ratio of 99.61x compared to its average ratio. BMRN has 36-month beta value of 0.32. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”

The public float for BMRN is 184.83M, and currently, short sellers hold a 1.60% ratio of that float. The average trading volume of BMRN on April 04, 2024 was 1.32M shares.

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BMRN) stock’s latest price update

Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) has experienced a decline in its stock price by -0.02 compared to its previous closing price of 86.80. However, the company has seen a fall of -1.09% in its stock price over the last five trading days. Finbold reported 2024-03-15 that Although many popular biotech stocks peaked in 2020 and early 2021 and then started to decline, early 2024 has seen signs of recovery and a return of investors’ trust. Nonetheless, this biotech stock powered through the period, achieving miracle growth and maintaining its decades-long tradition of positive returns.

BMRN’s Market Performance

Biomarin Pharmaceutical Inc. (BMRN) has seen a -1.09% fall in stock performance for the week, with a -1.07% decline in the past month and a -11.49% plunge in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 1.75% for BMRN. The simple moving average for the last 20 days is 1.14% for BMRN’s stock, with a simple moving average of -2.70% for the last 200 days.

Analysts’ Opinion of BMRN

Many brokerage firms have already submitted their reports for BMRN stocks, with Wells Fargo repeating the rating for BMRN by listing it as a “Overweight.” The predicted price for BMRN in the upcoming period, according to Wells Fargo is $100 based on the research report published on November 15, 2023 of the previous year 2023.

Bernstein, on the other hand, stated in their research note that they expect to see BMRN reach a price target of $82. The rating they have provided for BMRN stocks is “Mkt Perform” according to the report published on October 23rd, 2023.

BMRN Trading at -1.25% from the 50-Day Moving Average

After a stumble in the market that brought BMRN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.55% of loss for the given period.

Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares surge +0.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.72% lower at present.

During the last 5 trading sessions, BMRN fell by -1.09%, which changed the moving average for the period of 200-days by -9.45% in comparison to the 20-day moving average, which settled at $85.84. In addition, Biomarin Pharmaceutical Inc. saw -10.00% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BMRN starting from Davis George Eric, who sale 24,602 shares at the price of $88.34 back on Mar 28 ’24. After this action, Davis George Eric now owns 55,856 shares of Biomarin Pharmaceutical Inc., valued at $2,173,341 using the latest closing price.

BIENAIME JEAN JACQUES, the Director of Biomarin Pharmaceutical Inc., sale 1,000 shares at $86.71 during a trade that took place back on Mar 06 ’24, which means that BIENAIME JEAN JACQUES is holding 560,203 shares at $86,713 based on the most recent closing price.

Stock Fundamentals for BMRN

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 0.77 for the gross margin

The net margin for Biomarin Pharmaceutical Inc. stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 3.51, with 2.54 for asset returns.

Based on Biomarin Pharmaceutical Inc. (BMRN), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 8.9.

Currently, EBITDA for the company is 261.98 million with net debt to EBITDA at -2915.04. When we switch over and look at the enterprise to sales, we see a ratio of -304.86. The receivables turnover for the company is 3.82for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.51.

Conclusion

To put it simply, Biomarin Pharmaceutical Inc. (BMRN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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