ESPR Stock Forecast 2024: Esperion Therapeutics Inc. Remains Weak With A Upside Of 65.69%

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In the last trading session, 3.14 million shares of the Esperion Therapeutics Inc. (NASDAQ:ESPR) were traded, and its beta was 0.96. Most recently the company’s share price was $2.04, and it changed around -$0.12 or -5.56% from the last close, which brings the market valuation of the company to $400.29M. ESPR currently trades at a discount to its 52-week high of $3.40, offering almost -66.67% off that amount. The share price’s 52-week low was $0.70, which indicates that the current value has risen by an impressive 65.69% since then. We note from Esperion Therapeutics Inc.’s average daily trading volume that its 10-day average is 3.57 million shares, with the 3-month average coming to 4.36 million.

Esperion Therapeutics Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended ESPR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.

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Esperion Therapeutics Inc. (NASDAQ:ESPR) trade information

Instantly ESPR has showed a red trend with a performance of -5.56% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.19 on recent trading dayincreased the stock’s daily price by 6.85%. The company’s shares are currently down -31.77% year-to-date, but still up 23.64% over the last five days. On the other hand, Esperion Therapeutics Inc. (NASDAQ:ESPR) is 23.64% up in the 30-day period. We can see from the shorts that 38.09 million shares have been sold at a short interest cover period of 10.84 day(s).

The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 87.25% from its current value. Analyst projections state that ESPR is forecast to be at a low of $12 and a high of $20.

Esperion Therapeutics Inc. (ESPR) estimates and forecasts

Esperion Therapeutics Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -32.67 percent over the past six months and at a 98.03% annual growth rate that is well above the industry average of 19.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.09%. Esperion Therapeutics Inc. earnings are expected to increase by 87.85% in 2024, but the outlook is positive 16.90% per year for the next five years.

ESPR Dividends

Esperion Therapeutics Inc.’s next quarterly earnings report is expected to be released in November.

Esperion Therapeutics Inc. (NASDAQ:ESPR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.50% of Esperion Therapeutics Inc. shares, and 70.57% of them are in the hands of institutional investors. The stock currently has a share float of 70.92%. Esperion Therapeutics Inc. stock is held by 210.0 institutions, with WASATCH ADVISORS LP being the largest institutional investor. By 2024-06-30, it held 9.9628% of the shares, which is about 16.86 million shares worth $37.44 million.

BLACKROCK INC., with 8.2617% or 13.98 million shares worth $31.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.