The stock of Halozyme Therapeutics Inc (NASDAQ: HALO) has decreased by -1.62 when compared to last closing price of 60.63. Despite this, the company has experienced a 17.96% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that Halozyme’s Q3 earnings exceeded expectations, with a $1.27 EPS and 34% YoY revenue growth, driven by ENHANZE tech and strong partnerships with J&J and Roche. The partnership model using ENHANZE tech mitigates risks, enhances operational efficiency, and offers partners a way to avoid patent cliffs, ensuring long-term growth. Despite strong near-term growth prospects, potential patent disputes and reliance on partnerships pose risks; vigilance is necessary to maintain Halozyme’s growth stock status.
Is It Worth Investing in Halozyme Therapeutics Inc (NASDAQ: HALO) Right Now?
Halozyme Therapeutics Inc (NASDAQ: HALO) has a higher price-to-earnings ratio of 19.74x compared to its average ratio. HALO has 36-month beta value of 1.28. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for HALO is 125.85M, and currently, short sellers hold a 8.28% ratio of that float. The average trading volume of HALO on November 08, 2024 was 1.38M shares.
HALO’s Market Performance
HALO stock saw an increase of 17.96% in the past week, with a monthly gain of 17.75% and a quarterly increase of 8.06%. The volatility ratio for the week is 5.36%, and the volatility levels for the last 30 days are 3.09% for Halozyme Therapeutics Inc (HALO). The simple moving average for the last 20 days is 11.63% for HALO stock, with a simple moving average of 23.39% for the last 200 days.
Analysts’ Opinion of HALO
Many brokerage firms have already submitted their reports for HALO stocks, with Wells Fargo repeating the rating for HALO by listing it as a “Equal Weight.” The predicted price for HALO in the upcoming period, according to Wells Fargo is $62 based on the research report published on October 07, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see HALO reach a price target of $57, previously predicting the price at $52. The rating they have provided for HALO stocks is “Neutral” according to the report published on September 19th, 2024.
Piper Sandler gave a rating of “Neutral” to HALO, setting the target price at $51 in the report published on June 07th of the current year.
HALO Trading at 5.26% from the 50-Day Moving Average
After a stumble in the market that brought HALO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.98% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares surge +14.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.40% lower at present.
During the last 5 trading sessions, HALO rose by +17.96%, which changed the moving average for the period of 200-days by +70.19% in comparison to the 20-day moving average, which settled at $53.43. In addition, Halozyme Therapeutics Inc saw 61.39% 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 HALO starting from LaBarre Michael J., who sale 10,000 shares at the price of $53.75 back on Oct 15 ’24. After this action, LaBarre Michael J. now owns 173,756 shares of Halozyme Therapeutics Inc, valued at $537,469 using the latest closing price.
LaBarre Michael J., the SVP, CHIEF TECHNICAL OFFICER of Halozyme Therapeutics Inc, sale 10,000 shares at $53.26 during a trade that took place back on Oct 16 ’24, which means that LaBarre Michael J. is holding 173,756 shares at $532,590 based on the most recent closing price.
Stock Fundamentals for HALO
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 0.78 for the gross margin
The net margin for Halozyme Therapeutics Inc stands at 0.41. The total capital return value is set at 0.24. Equity return is now at value 111.83, with 19.57 for asset returns.
Based on Halozyme Therapeutics Inc (HALO), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 3.32. The interest coverage ratio of the stock is 49.04.
Currently, EBITDA for the company is 422.43 million with net debt to EBITDA at 2.51. When we switch over and look at the enterprise to sales, we see a ratio of 9.44. The receivables turnover for the company is 3.32for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.36.
Conclusion
To put it simply, Halozyme Therapeutics Inc (HALO) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
