Neurocrine Biosciences, Inc. (NASDAQ: NBIX) has a price-to-earnings ratio that is above its average at 37.69x. The stock has a 36-month beta value of 0.36. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NBIX is 98.78M, and at present, short sellers hold a 2.65% of that float. On October 30, 2024, the average trading volume of NBIX was 940.95K shares.
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NBIX) stock’s latest price update
Neurocrine Biosciences, Inc. (NASDAQ: NBIX) has experienced a rise in its stock price by 7.38 compared to its previous closing price of 116.19. However, the company has seen a gain of 8.42% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Although the revenue and EPS for Neurocrine (NBIX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NBIX’s Market Performance
Neurocrine Biosciences, Inc. (NBIX) has experienced a 8.42% rise in stock performance for the past week, with a 9.30% rise in the past month, and a -18.53% drop in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 1.90% for NBIX. The simple moving average for the last 20 days is 7.79% for NBIX’s stock, with a simple moving average of -7.45% for the last 200 days.
Analysts’ Opinion of NBIX
Many brokerage firms have already submitted their reports for NBIX stocks, with Raymond James repeating the rating for NBIX by listing it as a “Outperform.” The predicted price for NBIX in the upcoming period, according to Raymond James is $155 based on the research report published on October 10, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see NBIX reach a price target of $159, previously predicting the price at $131. The rating they have provided for NBIX stocks is “Overweight” according to the report published on August 29th, 2024.
Wells Fargo gave a rating of “Overweight” to NBIX, setting the target price at $170 in the report published on April 24th of the current year.
NBIX Trading at 2.68% from the 50-Day Moving Average
After a stumble in the market that brought NBIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.02% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +10.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.78% lower at present.
During the last 5 trading sessions, NBIX rose by +9.48%, which changed the moving average for the period of 200-days by -5.00% in comparison to the 20-day moving average, which settled at $115.81. In addition, Neurocrine Biosciences, Inc. saw -5.31% 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 NBIX starting from Boyer David W., who sale 3,461 shares at the price of $121.88 back on Sep 13 ’24. After this action, Boyer David W. now owns 1,672 shares of Neurocrine Biosciences, Inc., valued at $421,828 using the latest closing price.
DAVID WARREN BOYER, the Officer of Neurocrine Biosciences, Inc., proposed sale 4,756 shares at $121.28 during a trade that took place back on Sep 13 ’24, which means that DAVID WARREN BOYER is holding shares at $576,808 based on the most recent closing price.
Stock Fundamentals for NBIX
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.98 for the gross margin
The net margin for Neurocrine Biosciences, Inc. stands at 0.17. The total capital return value is set at 0.19. Equity return is now at value 15.55, with 11.46 for asset returns.
Based on Neurocrine Biosciences, Inc. (NBIX), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.89. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 266.95.
Currently, EBITDA for the company is 416.1 million with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 5.57. The receivables turnover for the company is 4.66for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.19.
Conclusion
To sum up, Neurocrine Biosciences, Inc. (NBIX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
