The stock of Durect Corp (DRRX) has seen a 24.56% increase in the past week, with a 12.62% gain in the past month, and a 36.63% flourish in the past quarter. The volatility ratio for the week is 14.22%, and the volatility levels for the past 30 days are at 10.49% for DRRX. The simple moving average for the past 20 days is 31.93% for DRRX’s stock, with a -29.12% simple moving average for the past 200 days.
Is It Worth Investing in Durect Corp (NASDAQ: DRRX) Right Now?
The 36-month beta value for DRRX is also noteworthy at 0.96. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for DRRX is 29.09M, and at present, short sellers hold a 3.19% of that float. The average trading volume of DRRX on May 06, 2024 was 156.92K shares.
DRRX) stock’s latest price update
The stock price of Durect Corp (NASDAQ: DRRX) has jumped by 17.17 compared to previous close of 0.99. Despite this, the company has seen a gain of 24.56% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-27 that Durect (DRRX) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.46 per share a year ago.
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 30, 2020 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 13.66% 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 -84.45% of loss for the given period.
Volatility was left at 10.49%, however, over the last 30 days, the volatility rate increased by 14.22%, as shares surge +24.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.58% upper at present.
During the last 5 trading sessions, DRRX rose by +24.56%, which changed the moving average for the period of 200-days by -76.42% in comparison to the 20-day moving average, which settled at $0.8907. In addition, Durect Corp saw 96.61% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DRRX
Current profitability levels for the company are sitting at:
- -4.31 for the present operating margin
- 0.8 for the gross margin
The net margin for Durect Corp stands at -3.26. The total capital return value is set at -2.03. Equity return is now at value -138.93, with -52.47 for asset returns.
Based on Durect Corp (DRRX), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at -1.66. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is -13.21.
Currently, EBITDA for the company is -36.74 million with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 6.78for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In summary, Durect Corp (DRRX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
