Biomarin Pharmaceutical Inc (NASDAQ: BMRN)’s stock price has plunge by 0.48relation to previous closing price of 64.69. Nevertheless, the company has seen a -1.90% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-12-19 that Investors need to pay close attention to BioMarin Pharmaceutical (BMRN) stock based on the movements in the options market lately.
Is It Worth Investing in Biomarin Pharmaceutical Inc (NASDAQ: BMRN) Right Now?
Biomarin Pharmaceutical Inc (NASDAQ: BMRN) has a price-to-earnings ratio that is above its average at 39.14x. The stock has a 36-month beta value of 0.29. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 8 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BMRN is 188.22M, and at present, short sellers hold a 3.06% of that float. On December 20, 2024, the average trading volume of BMRN was 1.52M shares.
BMRN’s Market Performance
BMRN stock saw an increase of -1.90% in the past week, with a monthly gain of 4.89% and a quarterly increase of -8.05%. The volatility ratio for the week is 3.35%, and the volatility levels for the last 30 days are 2.54% for Biomarin Pharmaceutical Inc (BMRN). The simple moving average for the last 20 days is -0.81% for BMRN stock, with a simple moving average of -17.65% for the last 200 days.
Analysts’ Opinion of BMRN
Many brokerage firms have already submitted their reports for BMRN stocks, with Wolfe Research repeating the rating for BMRN by listing it as a “Outperform.” The predicted price for BMRN in the upcoming period, according to Wolfe Research is $95 based on the research report published on November 15, 2024 of the current year 2024.
Raymond James gave a rating of “Outperform” to BMRN, setting the target price at $79 in the report published on October 10th of the current year.
BMRN Trading at -2.65% from the 50-Day Moving Average
After a stumble in the market that brought BMRN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.51% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares surge +3.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.88% lower at present.
During the last 5 trading sessions, BMRN fell by -1.90%, which changed the moving average for the period of 200-days by -25.09% in comparison to the 20-day moving average, which settled at $65.53. In addition, Biomarin Pharmaceutical Inc saw -32.59% 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 BMRN starting from Guyer Charles Greg, who sale 5,278 shares at the price of $66.37 back on Nov 12 ’24. After this action, Guyer Charles Greg now owns 68,909 shares of Biomarin Pharmaceutical Inc, valued at $350,324 using the latest closing price.
Guyer Charles Greg, the Officer of Biomarin Pharmaceutical Inc, proposed sale 5,278 shares at $66.37 during a trade that took place back on Nov 12 ’24, which means that Guyer Charles Greg is holding shares at $350,324 based on the most recent closing price.
Stock Fundamentals for BMRN
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.78 for the gross margin
The net margin for Biomarin Pharmaceutical Inc stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 6.25, with 4.74 for asset returns.
Based on Biomarin Pharmaceutical Inc (BMRN), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 19.36.
Currently, EBITDA for the company is 310.28 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 4.48. The receivables turnover for the company is 3.54for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.27.
Conclusion
To sum up, Biomarin Pharmaceutical Inc (BMRN) has seen a bad 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.
