In the past week, CORT stock has gone up by 10.88%, with a monthly gain of 18.20% and a quarterly surge of 58.68%. The volatility ratio for the week is 5.09%, and the volatility levels for the last 30 days are 4.70% for Corcept Therapeutics Inc. The simple moving average for the past 20 days is 11.60% for CORT’s stock, with a 70.02% simple moving average for the past 200 days.
Is It Worth Investing in Corcept Therapeutics Inc (NASDAQ: CORT) Right Now?
Corcept Therapeutics Inc (NASDAQ: CORT) has a price-to-earnings ratio of 43.18x that is above its average ratio. Additionally, the 36-month beta value for CORT is 0.49. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CORT is 90.20M and currently, short sellers hold a 22.92% ratio of that float. The average trading volume of CORT on November 08, 2024 was 879.89K shares.
CORT) stock’s latest price update
Corcept Therapeutics Inc (NASDAQ: CORT) has experienced a rise in its stock price by 0.13 compared to its previous closing price of 54.23. However, the company has seen a gain of 10.88% in its stock price over the last five trading days. zacks.com reported 2024-11-06 that Investors should invest in CORT right now as the stock is doing extremely well in 2024 and its prospects look even brighter.
Analysts’ Opinion of CORT
Many brokerage firms have already submitted their reports for CORT stocks, with Truist repeating the rating for CORT by listing it as a “Buy.” The predicted price for CORT in the upcoming period, according to Truist is $38 based on the research report published on November 06, 2023 of the previous year 2023.
SVB Securities, on the other hand, stated in their research note that they expect to see CORT reach a price target of $25. The rating they have provided for CORT stocks is “Market Perform” according to the report published on April 11th, 2023.
Piper Sandler gave a rating of “Overweight” to CORT, setting the target price at $27 in the report published on April 04th of the previous year.
CORT Trading at 23.90% from the 50-Day Moving Average
After a stumble in the market that brought CORT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.06% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +20.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.67% upper at present.
During the last 5 trading sessions, CORT rose by +10.88%, which changed the moving average for the period of 200-days by +137.43% in comparison to the 20-day moving average, which settled at $48.66. In addition, Corcept Therapeutics Inc saw 67.18% 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 CORT starting from Guyer William, who sale 6,606 shares at the price of $48.97 back on Nov 01 ’24. After this action, Guyer William now owns 5,796 shares of Corcept Therapeutics Inc, valued at $323,496 using the latest closing price.
Guyer William, the Chief Development Officer of Corcept Therapeutics Inc, sale 3,394 shares at $48.97 during a trade that took place back on Nov 04 ’24, which means that Guyer William is holding 5,796 shares at $166,204 based on the most recent closing price.
Stock Fundamentals for CORT
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.98 for the gross margin
The net margin for Corcept Therapeutics Inc stands at 0.23. The total capital return value is set at 0.22. Equity return is now at value 25.53, with 20.38 for asset returns.
Based on Corcept Therapeutics Inc (CORT), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 21.3. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 40.03.
Currently, EBITDA for the company is 109.64 million with net debt to EBITDA at -0.9. When we switch over and look at the enterprise to sales, we see a ratio of 8.84. The receivables turnover for the company is 10.53for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.
Conclusion
In conclusion, Corcept Therapeutics Inc (CORT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
