Exelixis Inc (NASDAQ:EXEL) has a beta value of 0.55 and has seen 0.85 million shares traded in the recent trading session. The company, currently valued at $8.39B, closed the recent trade at $29.41 per share which meant it gained $0.91 on the day or 3.19% during that session. The EXEL stock price is 1.43% off its 52-week high price of $28.99 and 36.62% above the 52-week low of $18.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.95 million shares traded. The 3-month trading volume is 1.87 million shares.
The consensus among analysts is that Exelixis Inc (EXEL) is Buy stock at the moment, with a recommendation rating of 1.91. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.34.
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Exelixis Inc (NASDAQ:EXEL) trade information
Sporting 3.19% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the EXEL stock price touched $29.41 or saw a rise of 0.03%. Year-to-date, Exelixis Inc shares have moved 22.59%, while the 5-day performance has seen it change 15.65%. Over the past 30 days, the shares of Exelixis Inc (NASDAQ:EXEL) have changed 6.56%. Short interest in the company has seen 10.05 million shares shorted with days to cover at 5.6.
Wall Street analysts have a consensus price target for the stock at $30, which means that the shares’ value could jump 1.97% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $34.0. In that case, then, we find that the latest price level in today’s session is -15.61% off the targeted high while a plunge would see the stock lose 38.8% from the levels at last check today.
Exelixis Inc (EXEL) estimates and forecasts
Figures show that Exelixis Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 28.60% over the past 6 months, with this year growth rate of 103.33%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be 12.10%.
18 analysts offering their estimates for the company have set an average revenue estimate of 488.36M for the current quarter. 17 have an estimated revenue figure of 499.29M for the next ending quarter. Year-ago sales stood 473.58M and 479.65M respectively for this quarter and the next, and analysts expect sales will grow by 3.10% for the current quarter and 12.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.77% over the past 5 years. Earnings growth for 2024 is a modest 133.94% while over the next 5 years, the company’s earnings are expected to increase by 29.92%.
EXEL Dividends
Exelixis Inc is expected to release its next earnings report on 2024-Oct-29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Exelixis Inc (NASDAQ:EXEL)’s Major holders
Insiders own 1.72% of the company shares, while shares held by institutions stand at 87.41% with a share float percentage of 88.94%. Investors are also buoyed by the number of investors in a company, with Exelixis Inc having a total of 582.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 33.5 million shares worth more than $752.8 million. As of 2024-06-30, BLACKROCK INC. held 11.1393% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 29.65 million shares as of 2024-06-30. The firm’s total holdings are worth over $666.33 million and represent 9.8598% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.12% shares in the company for having 8.9 shares of worth $262.17 million while later fund manager owns 8.85 shares of worth $260.62 million as of Jun 30, 2024, which makes it owner of about 3.10% of company’s outstanding stock.
