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ORIC Pharmaceuticals Inc. (NASDAQ: ORIC): Is It Possible To Be Down -68.50% YTD And Still Lose Money

During the last session, ORIC Pharmaceuticals Inc. (NASDAQ:ORIC)’s traded shares were 0.19 million. At the end of the trading day, the stock’s price was $4.63, reflecting an intraday gain of 22.81% or $0.86. The 52-week high for the ORIC share is $26.70, that puts it down -476.67 from that peak though still a striking 43.41% gain since the share price plummeted to a 52-week low of $2.62. The company’s market capitalization is $194.83M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 368.99K shares over the past three months.

ORIC Pharmaceuticals Inc. (ORIC) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. ORIC has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.6.

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ORIC Pharmaceuticals Inc. (NASDAQ:ORIC) trade information

ORIC Pharmaceuticals Inc. (ORIC) registered a 22.81% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 22.81% in intraday trading to $4.63 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 26.50%, and it has moved by -11.64% in 30 days. Based on these gigs, the overall price performance for the year is -72.78%. The short interest in ORIC Pharmaceuticals Inc. (NASDAQ:ORIC) is 2.84 million shares and it means that shorts have 6.23 day(s) to cover.

The consensus price target of analysts on Wall Street is $13.75, which implies an increase of 66.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9.00 and $17.00 respectively. As a result, ORIC is trading at a discount of -267.17% off the target high and -94.38% off the low.

ORIC Pharmaceuticals Inc. (ORIC) estimates and forecasts

Statistics show that ORIC Pharmaceuticals Inc. has underperformed its competitors in share price, compared to the industry in which it operates. ORIC Pharmaceuticals Inc. (ORIC) shares have gone down -46.78% during the last six months, with a year-to-date growth rate less than the industry average at -17.87% against 1.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -5.30% this quarter and then drop -29.80% in the quarter after that.

While earnings are projected to return 38.30% in 2022.

ORIC Dividends

ORIC Pharmaceuticals Inc. is due to release its next quarterly earnings between March 21 and March 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

ORIC Pharmaceuticals Inc. (NASDAQ:ORIC)’s Major holders

ORIC Pharmaceuticals Inc. insiders own 3.93% of total outstanding shares while institutional holders control 89.29%, with the float percentage being 92.95%. FMR, LLC is the largest shareholder of the company, while 162 institutions own stock in it. As of Mar 30, 2022, the company held over 4.42 million shares (or 11.19% of all shares), a total value of $23.59 million in shares.

The next largest institutional holding, with 3.57 million shares, is of Column Group LLC’s that is approximately 9.04% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $19.05 million.

Also, the Mutual Funds coming in first place with the largest holdings of ORIC Pharmaceuticals Inc. (ORIC) shares are Fidelity Advisor Biotechnology Fund and Fidelity Growth Company Fund. Data provided on May 30, 2022 indicates that Fidelity Advisor Biotechnology Fund owns about 1.21 million shares. This amounts to just over 3.05 percent of the company’s overall shares, with a $4.03 million market value. The same data shows that the other fund manager holds slightly less at 1.03 million, or about 2.62% of the stock, which is worth about $3.45 million.

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