Sarepta Therapeutics Inc (NASDAQ: SRPT)’s stock price has gone rise by 1.65 in comparison to its previous close of 129.88, however, the company has experienced a 6.25% increase in its stock price over the last five trading days. businesswire.com reported 2024-10-23 that CAMBRIDGE, Mass.–(BUSINESS WIRE)–Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, will report third quarter 2024 financial results after the Nasdaq Global Market closes on Wednesday, Nov. 6, 2024. Subsequently, at 4:30 p.m. E.T., the Company will host a conference call to discuss its third quarter 2024 financial results. The event will be webcast live under the investor relations section of Sarepta’s website at https://investorrelations.sar.
Is It Worth Investing in Sarepta Therapeutics Inc (NASDAQ: SRPT) Right Now?
The price-to-earnings ratio for Sarepta Therapeutics Inc (NASDAQ: SRPT) is above average at 326.38x. The 36-month beta value for SRPT is also noteworthy at 0.80. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SRPT is 89.52M, and at present, short sellers hold a 6.91% of that float. The average trading volume of SRPT on October 25, 2024 was 940.20K shares.
SRPT’s Market Performance
SRPT’s stock has seen a 6.25% increase for the week, with a 5.94% rise in the past month and a -8.47% fall in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.87% for Sarepta Therapeutics Inc. The simple moving average for the past 20 days is 6.52% for SRPT’s stock, with a 1.40% simple moving average for the past 200 days.
Analysts’ Opinion of SRPT
Many brokerage firms have already submitted their reports for SRPT stocks, with Jefferies repeating the rating for SRPT by listing it as a “Buy.” The predicted price for SRPT in the upcoming period, according to Jefferies is $165 based on the research report published on October 21, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SRPT reach a price target of $150. The rating they have provided for SRPT stocks is “Outperform” according to the report published on October 10th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to SRPT, setting the target price at $182 in the report published on July 29th of the current year.
SRPT Trading at 2.56% from the 50-Day Moving Average
After a stumble in the market that brought SRPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.80% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +5.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.80% lower at present.
During the last 5 trading sessions, SRPT rose by +6.25%, which changed the moving average for the period of 200-days by +10.23% in comparison to the 20-day moving average, which settled at $123.94. In addition, Sarepta Therapeutics Inc saw 36.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SRPT starting from Estepan Ian Michael, who sale 5,985 shares at the price of $137.36 back on Aug 30 ’24. After this action, Estepan Ian Michael now owns 33,946 shares of Sarepta Therapeutics Inc, valued at $822,100 using the latest closing price.
Estepan Ian Michael, the Officer of Sarepta Therapeutics Inc, proposed sale 5,985 shares at $137.37 during a trade that took place back on Aug 30 ’24, which means that Estepan Ian Michael is holding shares at $822,130 based on the most recent closing price.
Stock Fundamentals for SRPT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.88 for the gross margin
The net margin for Sarepta Therapeutics Inc stands at 0.03. The total capital return value is set at 0.01. Equity return is now at value 5.20, with 1.44 for asset returns.
Based on Sarepta Therapeutics Inc (SRPT), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is -14.9.
Currently, EBITDA for the company is -267.82 million with net debt to EBITDA at 16.3. When we switch over and look at the enterprise to sales, we see a ratio of 9.02. The receivables turnover for the company is 3.84for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.90.
Conclusion
In summary, Sarepta Therapeutics Inc (SRPT) has had a better performance as of late. Analysts have bullish 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.
