The consensus among analysts is that DURECT Corporation (DRRX) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
DURECT Corporation (NASDAQ:DRRX) trade information
Sporting 2.04% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jun 25 when the DRRX stock price touched $2.88-1 or saw a rise of 13.19%. Year-to-date, DURECT Corporation shares have moved -34.21%, while the 5-day performance has seen it change 3.31%. Over the past 30 days, the shares of DURECT Corporation (NASDAQ:DRRX) have changed 6.84%. Short interest in the company has seen 6.92 Million shares shorted with days to cover at 4.71.
DURECT Corporation (DRRX) estimates and forecasts
Figures show that DURECT Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -23.55% over the past 6 months, with this year growth rate of 50%, compared to 12.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 75% and -300% for the next quarter. Revenue growth from the last financial year stood is estimated to be -27.4%.
4 analysts offering their estimates for the company have set an average revenue estimate of $9.35 Million for the current quarter. 4 have an estimated revenue figure of $4.42 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $4.02 Million and $10.76 Million respectively for this quarter and the next, and analysts expect sales will grow by 132.6% for the current quarter and -58.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +10.2% over the past 5 years. Earnings growth for 2020 is a modest +27% while over the next 5 years, the company’s earnings are expected to increase by 16%.
DURECT Corporation (NASDAQ:DRRX)’s Major holders
Insiders own 3.3% of the company shares, while shares held by institutions stand at 46.6% with a share float percentage of 48.19%. Investors are also buoyed by the number of investors in a company, with DURECT Corporation having a total of 87 institutions that hold shares in the company. The top two institutional holders are Bleichroeder LP with over 26.7 Million shares worth more than $41.39 Million. As of March 30, 2020, Bleichroeder LP held 13.62% of shares outstanding.
The other major institutional holder is Lion Point Capital, LP, with the holding of over 19.49 Million shares as of March 30, 2020. The firm’s total holdings are worth over $30.21 Million and represent 9.94% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.91% shares in the company for having 5700839 shares of worth $8.84 Million while later fund manager owns 2.77 Million shares of worth $4.3 Million as of March 30, 2020, which makes it owner of about 1.41% of company’s outstanding stock.