ORIC Pharmaceuticals Inc (NASDAQ:ORIC) Climbs 11.86% In 2023; Is It Attractive Enough At $6.84?

In last trading session, ORIC Pharmaceuticals Inc (NASDAQ:ORIC) saw 0.46 million shares changing hands with its beta currently measuring 0.82. Company’s recent per share price level of $6.84 trading at $0.29 or 4.43% at ring of the bell on the day assigns it a market valuation of $373.12M. That closing price of ORIC’s stock is at a discount of -43.13% from its 52-week high price of $9.79 and is indicating a premium of 57.46% from its 52-week low price of $2.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.47 million shares which gives us an average trading volume of 429.56K if we extend that period to 3-months.

For ORIC Pharmaceuticals Inc (ORIC), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.12. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.48 in the current quarter.

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ORIC Pharmaceuticals Inc (NASDAQ:ORIC) trade information

Upright in the green during last session for gaining 4.43%, in the last five days ORIC remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $6.84 price level, adding 3.12% to its value on the day. ORIC Pharmaceuticals Inc’s shares saw a change of 16.13% in year-to-date performance and have moved 9.62% in past 5-day. ORIC Pharmaceuticals Inc (NASDAQ:ORIC) showed a performance of 26.55% in past 30-days. Number of shares sold short was 7.63 million shares which calculate 14.04 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $16.63 to the stock, which implies a rise of 58.87% to its current value. Analysts have been projecting $14.00 as a low price target for the stock while placing it at a high target of $27.00. It follows that stock’s current price would drop -294.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -104.68% for stock’s current value.

ORIC Pharmaceuticals Inc (ORIC) estimates and forecasts

Statistics highlight that ORIC Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 37.90% of value to its shares in past 6 months, showing an annual growth rate of 12.89% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 7.70% in the current quarter and calculating 5.70% increase in 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 -24.99% during past 5 years.

ORIC Dividends

ORIC Pharmaceuticals Inc is more likely to be releasing its next quarterly report on November 06 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.

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