In last trading session, Intra-Cellular Therapies Inc. (NASDAQ:ITCI) saw 1.14 million shares changing hands with its beta currently measuring 1.18. Company’s recent per share price level of $40.97 trading at $1.25 or 3.15% at ring of the bell on the day assigns it a market valuation of $3.99B. That closing price of ITCI’s stock is at a discount of -34.71% from its 52-week high price of $55.19 and is indicating a premium of 30.68% from its 52-week low price of $28.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.18 million shares which gives us an average trading volume of 935.61K if we extend that period to 3-months.
For Intra-Cellular Therapies Inc. (ITCI), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 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 during last session for gaining 3.15%, in the last five days ITCI remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $40.97 price level, adding 10.93% to its value on the day. Intra-Cellular Therapies Inc.’s shares saw a change of -21.72% in year-to-date performance and have moved -9.68% in past 5-day. Intra-Cellular Therapies Inc. (NASDAQ:ITCI) showed a performance of 14.76% in past 30-days. Number of shares sold short was 3.69 million shares which calculate 7.14 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $54.89 to the stock, which implies a rise of 25.36% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $88.00. It follows that stock’s current price would drop -114.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 70.71% for stock’s current value.
Intra-Cellular Therapies Inc. (ITCI) estimates and forecasts
Statistics highlight that Intra-Cellular Therapies Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 12.55% of value to its shares in past 6 months, showing an annual growth rate of -7.12% while that of industry is 7.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -30.30% in the current quarter and calculating -41.50% decrease in the next quarter. This year revenue growth is estimated to rise 263.00% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $24.94 million for the same. And 3 analysts are in estimates of company making revenue of $34.53 million in the next quarter that will end on Mar 2022. Company posted $12.45 million and $15.88 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 100.30% while estimating it to be 117.50% for the next quarter.
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 -2.10% during past 5 years.
Intra-Cellular Therapies Inc. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Intra-Cellular Therapies Inc. (NASDAQ:ITCI)’s Major holders
Insiders are in possession of 4.89% of company’s total shares while institution are holding 91.75 percent of that, with stock having share float percentage of 96.47%. Investors also watch the number of corporate investors in a company very closely, which is 91.75% 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 11.08 million shares of worth $413.1 million. And as of Sep 29, 2021, it was holding 13.60% of the company’s outstanding shares.
The second largest institutional holder is Wasatch Advisors Inc, which was holding about 8.12 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.97% of outstanding shares, having a total worth of $302.83 million.
On the other hand, Fidelity Growth Company Fund and Wasatch Ultra Growth Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 3.39 million shares of worth $146.19 million or 4.17% of the total outstanding shares. The later fund manager was in possession of 2.14 million shares on Sep 29, 2021, making its stake of worth around $79.88 million in the company or a holder of 2.63% of company’s stock.