Vertex Pharmaceuticals, Inc (NASDAQ: VRTX)’s stock price has decreased by -0.54 compared to its previous closing price of 467.07. However, the company has seen a 2.95% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-25 that Vertex Pharmaceuticals reported strong Q3 earnings, yet the stock has pulled back, presenting a buying opportunity. The company’s robust pipeline, particularly Suzetrigine for acute pain and CASGEVY gene therapy, positions Vertex for significant growth. Vertex’s financial health, with no traditional debt and substantial cash reserves, supports its aggressive push into new therapeutic areas and product launches.
Is It Worth Investing in Vertex Pharmaceuticals, Inc (NASDAQ: VRTX) Right Now?
Moreover, the 36-month beta value for VRTX is 0.36. Analysts have varying opinions on the stock, with 17 analysts rating it as a “buy,” 10 as “overweight,” 11 as “hold,” and 2 as “sell.”
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The public float for VRTX is 256.87M and currently, short sellers hold a 1.60% of that float. On November 28, 2024, VRTX’s average trading volume was 1.15M shares.
VRTX’s Market Performance
VRTX’s stock has seen a 2.95% increase for the week, with a -1.23% drop in the past month and a -5.84% fall in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 2.77% for Vertex Pharmaceuticals, Inc The simple moving average for the past 20 days is -2.50% for VRTX’s stock, with a 2.10% simple moving average for the past 200 days.
Analysts’ Opinion of VRTX
Many brokerage firms have already submitted their reports for VRTX stocks, with Citigroup repeating the rating for VRTX by listing it as a “Buy.” The predicted price for VRTX in the upcoming period, according to Citigroup is $575 based on the research report published on November 14, 2024 of the current year 2024.
VRTX Trading at -1.80% from the 50-Day Moving Average
After a stumble in the market that brought VRTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.64% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares sank -2.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.02% lower at present.
During the last 5 trading sessions, VRTX rose by +2.95%, which changed the moving average for the period of 200-days by +11.66% in comparison to the 20-day moving average, which settled at $476.48. In addition, Vertex Pharmaceuticals, Inc saw 14.17% 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 VRTX starting from ALTSHULER DAVID, who sale 15 shares at the price of $478.56 back on Nov 15 ’24. After this action, ALTSHULER DAVID now owns 25,813 shares of Vertex Pharmaceuticals, Inc, valued at $7,178 using the latest closing price.
ALTSHULER DAVID, the Officer of Vertex Pharmaceuticals, Inc, proposed sale 15 shares at $478.56 during a trade that took place back on Nov 15 ’24, which means that ALTSHULER DAVID is holding shares at $7,178 based on the most recent closing price.
Stock Fundamentals for VRTX
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.86 for the gross margin
The net margin for Vertex Pharmaceuticals, Inc stands at -0.05. The total capital return value is set at -0.02. Equity return is now at value -2.99, with -2.18 for asset returns.
Currently, EBITDA for the company is 4.61 billion with net debt to EBITDA at -6.83. When we switch over and look at the enterprise to sales, we see a ratio of 10.94. The receivables turnover for the company is 6.06for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.47.
Conclusion
To wrap up, the performance of Vertex Pharmaceuticals, Inc (VRTX) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. 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.
