During the last session, ORIC Pharmaceuticals Inc (NASDAQ:ORIC)’s traded shares were 0.37 million, with the beta value of the company hitting 1.19. At the end of the trading day, the stock’s price was $8.39, reflecting an intraday loss of -4.98% or -$0.44. The 52-week high for the ORIC share is $16.65, that puts it down -98.45 from that peak though still a striking 37.19% gain since the share price plummeted to a 52-week low of $5.27. The company’s market capitalization is $565.65M, and the average intraday trading volume over the past 10 days was 0.45 million shares, and the average trade volume was 552.18K shares over the past three months.
ORIC Pharmaceuticals Inc (ORIC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.11. ORIC has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 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 -0.41.
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ORIC Pharmaceuticals Inc (NASDAQ:ORIC) trade information
ORIC Pharmaceuticals Inc (ORIC) registered a -4.98% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.98% in intraday trading to $8.39, hitting a weekly high. The stock’s 5-day price performance is -13.59%, and it has moved by -12.60% in 30 days. Based on these gigs, the overall price performance for the year is 9.39%. The short interest in ORIC Pharmaceuticals Inc (NASDAQ:ORIC) is 11.38 million shares and it means that shorts have 14.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.5, which implies an increase of 54.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $21 respectively. As a result, ORIC is trading at a discount of -150.3% off the target high and 16.57% 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 -31.48% during the last six months, with a year-to-date growth rate less than the industry average at 14.29% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 18.00% this quarter and then jump 2.30% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.33%. While earnings are projected to return 12.20% in 2024.
ORIC Dividends
ORIC Pharmaceuticals Inc is due to release its next quarterly earnings 2024-Aug-12. 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 9.55% of total outstanding shares while institutional holders control 96.90%, with the float percentage being 107.13%. FMR LLC is the largest shareholder of the company, while 160.0 institutions own stock in it. As of 2024-03-31, the company held over 5.02 million shares (or 9.7658% of all shares), a total value of $69.09 million in shares.
The next largest institutional holding, with 5.29 million shares, is of NEXTECH INVEST LTD.’s that is approximately 7.8482% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $72.68 million.
Also, the Mutual Funds coming in first place with the largest holdings of ORIC Pharmaceuticals Inc (ORIC) shares are Vanguard Total Stock Market Index Fund and ACAP Strategic Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.89 shares. This amounts to just over 2.81 percent of the company’s overall shares, with a $15.89 million market value. The same data shows that the other fund manager holds slightly less at 1.82, or about 2.70% of the stock, which is worth about $15.28 million.
