In last trading session, Intra-Cellular Therapies, Inc. (NASDAQ:ITCI) saw 1,560,414 shares changing hands with its beta currently measuring 1.45. Company’s recent per share price level of $30.73 trading at $0.38 or 1.25% at ring of the bell on the day assigns it a market valuation of $2.43 Billion. That closing price of ITCI’s stock is at a discount of -41.75% from its 52-week high price of $43.56 and is indicating a premium of 78.03% from its 52-week low price of $6.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.01 Million shares which gives us an average trading volume of 1.79 Million if we extend that period to 3-months.
For Intra-Cellular Therapies, Inc. (ITCI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.4. Splitting up the data highlights that, out of 10 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 10 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.99 in the current quarter.
Intra-Cellular Therapies, Inc. (NASDAQ:ITCI) trade information
Upright in the green today for gaining 1.25%, in the last five days ITCI remained trading in the green while hitting it’s week-highest on Thursday, Sep 10 when the stock touched $32.75- price level, adding 6.17% to its value on the day. Intra-Cellular Therapies, Inc.’s shares saw a change of -10.43% in year-to-date performance and have moved -3.55% in past 5-day. Intra-Cellular Therapies, Inc. (NASDAQ:ITCI) showed a performance of 58.81% in past 30-days. Number of shares sold short was 5.34 Million shares which calculate 2.98 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $54.33 to the stock, which implies a rise of 76.8% to its current value. Analysts have been projecting $35 as a low price target for the stock while placing it at a high target of $80. It follows that stock’s current price would jump +160.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of 13.9% for stock’s current value.
Intra-Cellular Therapies, Inc. (ITCI) estimates and forecasts
Statistics highlight that Intra-Cellular Therapies, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +149.63% of value to its shares in past 6 months, showing an annual growth rate of 34.33% while that of industry is 13.7. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -57.1% in the current quarter and calculating -24.3% decline in the next quarter. This year revenue growth is estimated to rise 35583.3% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.27 Million for the same. And 10 analysts are in estimates of company making revenue of $12.06 Million in the next quarter that will end in December 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 5.6% while estimates for its earnings growth in next 5 years are of 0%
Intra-Cellular Therapies, Inc. (NASDAQ:ITCI)’s Major holders
Insiders are in possession of 6.07% of company’s total shares while institution are holding 69.59% percent of that, with stock having share float percentage of 74.08%. Investors also watch the number of corporate investors in a company very closely, which is 189 institutions for Intra-Cellular Therapies, Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at ITCI for having 8.53 Million shares of worth $218.95 Million. And as of June 29, 2020, it was holding 12.67% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 5.27 Million shares on June 29, 2020. The number of shares represents firm’s hold over 7.83% of outstanding shares, having a total worth of $135.29 Million.
On the other hand, Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 2870167 shares of worth $73.68 Million or 4.26% of the total outstanding shares. The later fund manager was in possession of 1.65 Million shares on June 29, 2020, making its stake of worth around $42.23 Million in the company or a holder of 2.44% of company’s stock.