In the latest trading session, 0.85 million Xencor Inc (NASDAQ:XNCR) shares changed hands as the company’s beta touched 0.63. With the company’s most recent per share price at $21.00 changing hands around $1.87 or 9.78% at last look, the market valuation stands at $1.30B. XNCR’s current price is a discount, trading about -27.81% off its 52-week high of $26.84. The share price had its 52-week low at $15.31, which suggests the last value was 27.1% up since then. When we look at Xencor Inc’s average trading volume, we note the 10-day average is 0.46 million shares, with the 3-month average coming to 484.23K.
Analysts gave the Xencor Inc (XNCR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.55. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended XNCR as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Xencor Inc’s EPS for the current quarter is expected to be -0.98.
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Xencor Inc (NASDAQ:XNCR) trade information
Instantly XNCR is in green as seen in intraday trades today. With action 26.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -1.08%, with the 5-day performance at 26.28% in the green. However, in the 30-day time frame, Xencor Inc (NASDAQ:XNCR) is 32.91% up. Looking at the short shares, we see there were 4.79 million shares sold at short interest cover period of 10.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 38, meaning bulls need an upside of 44.74% from its recent market value. According to analyst projections, XNCR’s forecast low is 31 with 58 as the target high. To hit the forecast high, the stock’s price needs a -176.19% plunge from its current level, while the stock would need to soar -47.62% for it to hit the projected low.
Xencor Inc (XNCR) estimates and forecasts
Data shows that the Xencor Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.89% over the past 6 months, a -100.48% in annual growth rate that is considerably lower than the industry average of 20.20%. Year-over-year growth is forecast to reach -60.00% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 13.29M. 8 analysts are of the opinion that Xencor Inc’s revenue for the current quarter will be 13.93M. The company’s revenue for the corresponding quarters a year ago was 59.16M and 44.69M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -77.50%. The estimates for the next quarter sales put growth at -68.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.81%. The 2024 estimates are for Xencor Inc earnings to decrease by -90.34%.
XNCR Dividends
Xencor Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Xencor Inc (NASDAQ:XNCR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.97% of Xencor Inc shares while 104.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.19%. There are 104.17% institutions holding the Xencor Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 18.1388% of the shares, roughly 11.1 million XNCR shares worth $210.18 million.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 14.8928% or 9.12 million shares worth $172.57 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Primecap Odyssey Aggressive Growth Fund and iShares Core S&P Smallcap ETF. With 5.84 shares estimated at $122.38 million under it, the former controlled 9.48% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 6.62% of the shares, roughly 4.08 shares worth around $85.42 million.
