The stock price of Ionis Pharmaceuticals Inc (NASDAQ: IONS) has plunged by -1.44 when compared to previous closing price of 42.45, but the company has seen a 2.52% gain in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-23 that Webcast scheduled for Tuesday, May 7 at 11:30 a.m. Eastern Time CARLSBAD, Calif.
Is It Worth Investing in Ionis Pharmaceuticals Inc (NASDAQ: IONS) Right Now?
The 36-month beta value for IONS is at 0.40. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for IONS is 133.94M, and currently, shorts hold a 7.12% of that float. The average trading volume for IONS on April 26, 2024 was 1.07M shares.
IONS’s Market Performance
IONS stock saw a decrease of 2.52% in the past week, with a monthly decline of -5.15% and a quarterly a decrease of -18.88%. The volatility ratio for the week is 2.75%, and the volatility levels for the last 30 days are 2.52% for Ionis Pharmaceuticals Inc (IONS). The simple moving average for the past 20 days is -1.31% for IONS’s stock, with a -7.80% simple moving average for the past 200 days.
Analysts’ Opinion of IONS
Many brokerage firms have already submitted their reports for IONS stocks, with Wolfe Research repeating the rating for IONS by listing it as a “Outperform.” The predicted price for IONS in the upcoming period, according to Wolfe Research is $58 based on the research report published on April 10, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see IONS reach a price target of $62, previously predicting the price at $52. The rating they have provided for IONS stocks is “Buy” according to the report published on January 02nd, 2024.
BofA Securities gave a rating of “Neutral” to IONS, setting the target price at $52 in the report published on October 23rd of the previous year.
IONS Trading at -4.04% from the 50-Day Moving Average
After a stumble in the market that brought IONS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.15% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -6.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.93% lower at present.
During the last 5 trading sessions, IONS rose by +2.52%, which changed the moving average for the period of 200-days by -0.62% in comparison to the 20-day moving average, which settled at $42.25. In addition, Ionis Pharmaceuticals Inc saw -17.30% 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 IONS starting from Baroldi Joseph, who sale 4,006 shares at the price of $41.60 back on Apr 16 ’24. After this action, Baroldi Joseph now owns 19,631 shares of Ionis Pharmaceuticals Inc, valued at $166,641 using the latest closing price.
Birchler Brian, the EVP, Corp and Development Ops of Ionis Pharmaceuticals Inc, sale 905 shares at $41.66 during a trade that took place back on Apr 16 ’24, which means that Birchler Brian is holding 46,156 shares at $37,698 based on the most recent closing price.
Stock Fundamentals for IONS
Current profitability levels for the company are sitting at:
- -0.45 for the present operating margin
- 0.99 for the gross margin
The net margin for Ionis Pharmaceuticals Inc stands at -0.46. The total capital return value is set at -0.14. Equity return is now at value -76.29, with -13.25 for asset returns.
Based on Ionis Pharmaceuticals Inc (IONS), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 3.76. The interest coverage ratio of the stock is -4.86.
Currently, EBITDA for the company is -322.84 million with net debt to EBITDA at -3.76. When we switch over and look at the enterprise to sales, we see a ratio of 9.08. The receivables turnover for the company is 8.05for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.90.
Conclusion
In conclusion, Ionis Pharmaceuticals Inc (IONS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
