In the last trading session, 3.63 million Xeris Biopharma Holdings Inc (NASDAQ:XERS) shares changed hands as the company’s beta touched 1.39. With the company’s per share price at $1.77 changed hands at $0.2 or 12.74% during last session, the market valuation stood at $244.47M. XERS’s last price was a discount, traded about -73.45% off its 52-week high of $3.07. The share price had its 52-week low at $0.97, which suggests the last value was 45.2% up since then. When we look at Xeris Biopharma Holdings Inc’s average trading volume, we note the 10-day average is 2.1 million shares, with the 3-month average coming to 1.04 million.
Analysts gave the Xeris Biopharma Holdings Inc (XERS) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended XERS as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Xeris Biopharma Holdings Inc’s EPS for the current quarter is expected to be -$0.1.
Xeris Biopharma Holdings Inc (NASDAQ:XERS) trade information
Instantly XERS was in green as seen at the end of in last trading. With action 5.04%, the performance over the past five days has been green. The jump to weekly highs of 1.7800 on Friday, 11/17/23 added 12.74% to the stock’s daily price. The company’s shares are showing year-to-date upside of 33.08%, with the 5-day performance at 5.04% in the green. However, in the 30-day time frame, Xeris Biopharma Holdings Inc (NASDAQ:XERS) is 2.31% up. Looking at the short shares, we see there were 7.79 million shares sold at short interest cover period of 9.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.60, meaning bulls need an upside of 61.52% from its current market value. According to analyst projections, XERS’s forecast low is $4.00 with $5.50 as the target high. To hit the forecast high, the stock’s price needs a -210.73% plunge from its current level, while the stock would need to soar -125.99% for it to hit the projected low.
Xeris Biopharma Holdings Inc (XERS) estimates and forecasts
Data shows that the Xeris Biopharma Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.97% over the past 6 months, a 36.76% in annual growth rate that is considerably higher than the industry average of 11.30%. Year-over-year growth is forecast to reach 46.90% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $42.7 million. 2 analysts are of the opinion that Xeris Biopharma Holdings Inc’s revenue for the quarter ending Mar 2024 will be $42.35 million. The company’s revenue for the corresponding quarters a year ago was $33.14 million and $33.2 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 28.80%. The estimates for the next quarter sales put growth at 27.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.56%. The 2023 estimates are for Xeris Biopharma Holdings Inc earnings to increase by 44.00%.
Xeris Biopharma Holdings Inc is expected to release its next quarterly earnings report on November 09.
Xeris Biopharma Holdings Inc (NASDAQ:XERS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.87% of Xeris Biopharma Holdings Inc shares while 38.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 39.01%. There are 38.29% institutions holding the Xeris Biopharma Holdings Inc stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2023, the company held 6.79% of the shares, roughly 9.37 million XERS shares worth $16.59 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 5.09% or 7.03 million shares worth $12.44 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 4.11 million shares estimated at $7.27 million under it, the former controlled 2.97% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.21% of the shares, roughly 3.05 million shares worth around $5.4 million.