Sarepta Therapeutics, Inc. (NASDAQ:SRPT) could be one of the worst stocks that investors may not want to consider for their portfolio today as the company shares are trading 3.06% or 3.77 points down from last closing price of $123.21, reaching $119.44 at last check. Any clue why there is so much of action in the SRPT stock? The share price has dropped in 3 of the last 5 days and is down -4.79% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -408,026 shares, and in total 489374 shares valued at $58.451 million were seen changing hands compared with 897400 shares valued at $110.569 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the SRPT stock is near its bottom.
Sarepta Therapeutics, Inc. (SRPT) shares have notched a 3-month decline of about -4.79%, but has still advanced 12.9% year to date. By comparison, the stock added 24.76% over the past 12 months, while it jumped 6.35% over the 1 month. The company’s market cap is around $9.03B, with its short interest ratio standing at 9.61%.
In the current trading session for SRPT, the stock witnessed two major price actions, it rose to a high of $123.78 and was down as much as $118.91 at one point. The high recorded is very low when compared to their 52-week high which is $94.66. The 52-week high is now at -32.55 distance from current price. Their recent low of $176.5 represents a 25.77% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SRPT is $205.85, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Sarepta Therapeutics, Inc. earned $-5.94 per share in the trailing 12 months and has a P/E ratio of -20.11. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 69.3 and lower compared to the sector’s average of 32.55. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SRPT also has P/S multiple of 27.06. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 49.5x.
The company recorded an interesting insider sale transaction by the Director on May 23, 2019. A Securities and Exchanges Commission filings show that Hans Lennart Rudolf Wigzell sold a total of 10,000 SRPT shares that day for a sum of around $1,200,000. The filings show that the insider now retains 21,717 shares, currently worth $2,593,878. Sarepta Therapeutics, Inc. (SRPT) insiders have acquired 16,844 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 24,735 shares. In total, individual insiders traded 41,579 shares in the business, which makes up 6.535% of 636,297 shares that were traded over a year. In the past 12 months, insiders have purchased 71,349 shares while the seller parted with 564,948 shares.
SRPT‘s last price was down -6.55% as compared to the average trading price of 50 days recorded at $127.81 while enlarging the period to 200 trading days, the average closing price was $120. At present, there are 73.26 million in the total number of common shares owned by the public and among those 70.31 million shares have been available to trade. The percentage of shares being held by the company management was 4.6% while institutions stake was 95.6%. The company has generated negative returns on equity over the last 12 months (-43.4%). It managed to keep its gross profit margin at 87.4% over the past 12 months.
When assessing the full upside of the SRPT stock, there is another set of technicals that should be looked into and considered. Its -0.73% decline from moving average of $120.32 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.95 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Sarepta Therapeutics, Inc. — 25 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $203 on shares of Sarepta Therapeutics, Inc. (NASDAQ:SRPT), which corresponds to 70.43% upside potential than its current market price of $119.44 and implies potential despite the recent drop in the price. However, their current target price has climbed from $196 a month ago and is up handily from the consensus target of $193.9 a quarter ago.
In the last five years, the EPS of the company has been roughly -10.6%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by -0.2%. The revenue of the company has risen at an average annualized rate of about 84.1 over the last five years. The company recently recorded an increase of 34.7%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards SRPT stock. Marshall Wace LLP trimmed position in the company after it dumped -290.5% or -3,132 shares of its common stock. The hedge fund now owns 5,967 shares worth $712,699, SEC documents show. Gilder Gagnon Howe & Co. LLC shored up assets in the stock as 975782.7 shares have been purchased, increasing its stake by 1.7% to 992,371 shares which are currently valued at $119,000,000. In addition, Metropolitan Life Insurance Co NY recently reported that it now owns 5,003 shares making a total of $597,558 based on the recent price. This refelects a change of -2.1% in their ownership.