Eagle Pharmaceuticals Inc (NASDAQ: EGRX): Time To Buy Over The Next Few Months

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In the last trading session, 0.88 million Eagle Pharmaceuticals Inc (NASDAQ:EGRX) shares changed hands as the company’s beta touched 0.51. With the company’s per share price at $2.45 changed hands at -$1.11 or -31.18% during last session, the market valuation stood at $31.83M. EGRX’s last price was a discount, traded about -540.41% off its 52-week high of $15.69. The share price had its 52-week low at $3.21, which suggests the last value was -31.02% down since then. When we look at Eagle Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 0.1 million shares, with the 3-month average coming to 105.08K.

Eagle Pharmaceuticals Inc (NASDAQ:EGRX) trade information

Instantly EGRX was in red as seen at the end of in last trading. With action -36.86%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -53.15%, with the 5-day performance at -36.86% in the red. However, in the 30-day time frame, Eagle Pharmaceuticals Inc (NASDAQ:EGRX) is -47.42% down. Looking at the short shares, we see there were 0.35 million shares sold at short interest cover period of 3.91 days.

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Eagle Pharmaceuticals Inc (EGRX) estimates and forecasts

Year-over-year growth is forecast to reach -18.40% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 62.83M. 1 analysts are of the opinion that Eagle Pharmaceuticals Inc’s revenue for the current quarter will be 64.51M. The company’s revenue for the corresponding quarters a year ago was 62.08M and 60.7M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.20%. The estimates for the next quarter sales put growth at 6.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.56%.

EGRX Dividends

Eagle Pharmaceuticals Inc is expected to release its next quarterly earnings report on 2023-Aug-08.

Eagle Pharmaceuticals Inc (NASDAQ:EGRX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 12.02% of Eagle Pharmaceuticals Inc shares while 76.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.13%. There are 76.66% institutions holding the Eagle Pharmaceuticals Inc stock share, with NANTAHALA CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 14.9881% of the shares, roughly 1.96 million EGRX shares worth $10.99 million.

AIGH CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 9.2546% or 1.21 million shares worth $6.78 million as of 2024-06-30.