In the last trading session, 3.93 million Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) shares changed hands as the company’s beta touched 1.26. With the company’s per share price at $9.24 changed hands at $0.64 or 7.44% during last session, the market valuation stood at $1.33B. AUPH’s last price was a discount, traded about -34.52% off its 52-week high of $12.43. The share price had its 52-week low at $4.07, which suggests the last value was 55.95% up since then. When we look at Aurinia Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 1.37 million shares, with the 3-month average coming to 1.70 million.
Analysts gave the Aurinia Pharmaceuticals Inc (AUPH) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended AUPH as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Aurinia Pharmaceuticals Inc’s EPS for the current quarter is expected to be -$0.16.
Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) trade information
Instantly AUPH was in green as seen at the end of in last trading. With action 18.16%, the performance over the past five days has been green. The jump to weekly highs of 9.40 on Monday, 11/20/23 added 7.44% to the stock’s daily price. The company’s shares are showing year-to-date upside of 113.89%, with the 5-day performance at 18.16% in the green. However, in the 30-day time frame, Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) is 23.20% up. Looking at the short shares, we see there were 17.28 million shares sold at short interest cover period of 9.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is $13.21, meaning bulls need an upside of 30.05% from its current market value. According to analyst projections, AUPH’s forecast low is $9.50 with $15.00 as the target high. To hit the forecast high, the stock’s price needs a -62.34% plunge from its current level, while the stock would need to soar -2.81% for it to hit the projected low.
Aurinia Pharmaceuticals Inc (AUPH) estimates and forecasts
Data shows that the Aurinia Pharmaceuticals 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 -18.09% over the past 6 months, a 32.89% in annual growth rate that is considerably higher than the industry average of 11.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Aurinia Pharmaceuticals Inc will rise 11.10%, while the growth in revenue is estimated to hit 22.20% for the next quarter. Year-over-year growth is forecast to reach 30.40% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of $44.2 million. 2 analysts are of the opinion that Aurinia Pharmaceuticals Inc’s revenue for the quarter ending Mar 2024 will be $41.95 million. The company’s revenue for the corresponding quarters a year ago was $28.43 million and $34.41 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 55.40%. The estimates for the next quarter sales put growth at 21.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.70%. The 2023 estimates are for Aurinia Pharmaceuticals Inc earnings to increase by 31.36%.
Aurinia Pharmaceuticals Inc is expected to release its next quarterly earnings report on November 02.
Aurinia Pharmaceuticals Inc (NASDAQ:AUPH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.03% of Aurinia Pharmaceuticals Inc shares while 38.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.94%. There are 38.06% institutions holding the Aurinia Pharmaceuticals Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 5.81% of the shares, roughly 8.33 million AUPH shares worth $80.66 million.
Armistice Capital, LLC holds the second largest percentage of outstanding shares, with 3.27% or 4.69 million shares worth $45.42 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Russell 2000 ETF and Fidelity Small Cap Index Fund. With 3.09 million shares estimated at $28.03 million under it, the former controlled 2.15% of total outstanding shares. On the other hand, Fidelity Small Cap Index Fund held about 0.84% of the shares, roughly 1.21 million shares worth around $13.98 million.