The stock of Xeris Biopharma Holdings Inc (NASDAQ: XERS) has increased by 1.66 when compared to last closing price of 3.01. Despite this, the company has experienced a -2.86% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Xeris Biopharma Holdings, Inc. (NASDAQ:XERS ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants John Shannon – Chief Executive Officer Steve Pieper – Chief Financial Officer Allison Wey – Senior Vice President of Investor Relations, Corporate Communications Conference Call Participants Chase Knickerbocker – Craig-Hallam Leland Gershell – Oppenheimer. Oren Livnat – HC Wainwright Nik Gasic – Leerink Partners David Amsellem – Piper Sandler Operator Hello and welcome to the Xeris Biopharma Third Quarter 2024 Financial Results Conference Call.
Is It Worth Investing in Xeris Biopharma Holdings Inc (NASDAQ: XERS) Right Now?
Additionally, the 36-month beta value for XERS is 1.81. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for XERS is 141.37M and currently, short sellers hold a 8.05% ratio of that float. The average trading volume of XERS on November 21, 2024 was 1.60M shares.
XERS’s Market Performance
XERS stock saw an increase of -2.86% in the past week, with a monthly gain of 1.32% and a quarterly increase of 9.29%. The volatility ratio for the week is 4.50%, and the volatility levels for the last 30 days are 5.74% for Xeris Biopharma Holdings Inc (XERS). The simple moving average for the past 20 days is -4.00% for XERS’s stock, with a 22.33% simple moving average for the past 200 days.
Analysts’ Opinion of XERS
Many brokerage firms have already submitted their reports for XERS stocks, with Piper Sandler repeating the rating for XERS by listing it as a “Neutral.” The predicted price for XERS in the upcoming period, according to Piper Sandler is $3 based on the research report published on November 11, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see XERS reach a price target of $5. The rating they have provided for XERS stocks is “Outperform” according to the report published on March 28th, 2024.
Craig Hallum gave a rating of “Buy” to XERS, setting the target price at $4.50 in the report published on August 28th of the previous year.
XERS Trading at 1.12% from the 50-Day Moving Average
After a stumble in the market that brought XERS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.93% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares sank -1.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.99% upper at present.
During the last 5 trading sessions, XERS fell by -2.86%, which changed the moving average for the period of 200-days by +15.91% in comparison to the 20-day moving average, which settled at $3.19. In addition, Xeris Biopharma Holdings Inc saw 30.21% 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 XERS starting from Schmid John P., who purchase 4,515 shares at the price of $2.25 back on Aug 12 ’24. After this action, Schmid John P. now owns 25,200 shares of Xeris Biopharma Holdings Inc, valued at $10,147 using the latest closing price.
Schmid John P., the Director of Xeris Biopharma Holdings Inc, purchase 4,285 shares at $2.37 during a trade that took place back on Aug 09 ’24, which means that Schmid John P. is holding 20,685 shares at $10,134 based on the most recent closing price.
Stock Fundamentals for XERS
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.77 for the gross margin
The net margin for Xeris Biopharma Holdings Inc stands at -0.34. The total capital return value is set at -0.2. Equity return is now at value -617.16, with -19.45 for asset returns.
Based on Xeris Biopharma Holdings Inc (XERS), the company’s capital structure generated 1.14 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at -8.38. The interest coverage ratio of the stock is -1.52.
Currently, EBITDA for the company is -23.73 million with net debt to EBITDA at -9.18. When we switch over and look at the enterprise to sales, we see a ratio of 3.56. The receivables turnover for the company is 4.55for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
Conclusion
In conclusion, Xeris Biopharma Holdings Inc (XERS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
