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Sarepta Therapeutics Inc. (NASDAQ: SRPT) Stock: Instant Disaster Or Awesome Opportunity?

In today’s recent session, 2.54 million shares of the Sarepta Therapeutics Inc. (NASDAQ:SRPT) have been traded, and its beta is 0.97. Most recently the company’s share price was $132.87, and it changed around -$14.04 or -9.56% from the last close, which brings the market valuation of the company to $13.44B. SRPT at last check was trading at a discount to its 52-week high of $159.89, offering almost -20.34% off that amount. The share price’s 52-week low was $61.28, which indicates that the recent value has risen by an impressive 53.88% since then. We note from Sarepta Therapeutics Inc.’s average daily trading volume that its 10-day average is 2.59 million shares, with the 3-month average coming to 1.81 million.

Sarepta Therapeutics Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended SRPT as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Sarepta Therapeutics Inc. is expected to report earnings per share of -$1.77 for the current quarter.

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Sarepta Therapeutics Inc. (NASDAQ:SRPT) trade information

Instantly SRPT has been showing red trend so far today with a performance of -9.56% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 152.21 on Tuesday, 05/23/23 increased the stock’s daily price by 12.71%. The company’s shares are currently up 2.54% year-to-date, but still down -10.69% over the last five days. On the other hand, Sarepta Therapeutics Inc. (NASDAQ:SRPT) is 4.88% down in the 30-day period. We can see from the shorts that 4.1 million shares have been sold at a short interest cover period of 3.37 day(s).

The consensus price target as assigned by Wall Street analysts is $177.95, which translates to bulls needing to increase their stock price by 25.33% from its current value. Analyst projections state that SRPT is forecast to be at a low of $139.00 and a high of $218.00. In order for the stock price to hit the forecast high, the stock would need to plunge -64.07% from its current level, while the stock would need to crash -4.61% from its current level to reach the projected low.

Sarepta Therapeutics Inc. (SRPT) estimates and forecasts

Sarepta Therapeutics Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 18.63 percent over the past six months and at a -33.13% annual growth rate that is well below the industry average of 11.40%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 33.20% in revenue this quarter, and will report an increase of 50.70% in the next quarter. The year-over-year growth rate is expected to be 27.40%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $260.53 million in revenue for the current quarter. 14 analysts expect Sarepta Therapeutics Inc. to make $293.62 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $233.49 million and $230.27 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.60%. Forecasts for the next quarter put sales growth at 27.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -56.30%.

SRPT Dividends

Sarepta Therapeutics Inc.’s next quarterly earnings report is expected to be released around July 31 and August 04.

Sarepta Therapeutics Inc. (NASDAQ:SRPT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.25% of Sarepta Therapeutics Inc. shares, and 85.35% of them are in the hands of institutional investors. The stock currently has a share float of 89.14%. Sarepta Therapeutics Inc. stock is held by 570 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 8.71% of the shares, which is about 8.11 million shares worth $1.06 billion.

Blackrock Inc., with 5.67% or 5.28 million shares worth $692.3 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 2.53 million shares worth $331.66 million, making up 2.72% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 2.15 million shares worth around $281.55 million, which represents about 2.31% of the total shares outstanding.

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