Sorrento Therpt Cmn (NASDAQ:SRNE) shares traded 4.41% up during most recent session to reach at the closing price of $7.1. The stock exchanged hands 2.06 Million shares versus average trading capacity of 2.04 Million shares, yielding a market cap of $583.9 Million. Wall Street analysts covering the stock are projecting that the stock will reach $19.5 within the next 52-weeks. The mean target projections are based on 2 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Sorrento Therpt Cmn (NASDAQ:SRNE) high price target of $30 and with a conservative view have low price target of $9.
Oppenheimer “Maintained” Sorrento Therpt Cmn (NASDAQ:SRNE) in a research note issued to investors on 11/15/17 to Outperform with price target of $6.
Additionally on 8/04/17 Oppenheimer “Initiates Coverage On” Sorrento Therpt Cmn (NASDAQ:SRNE) to Outperform setting price target at $7 and on 10/03/16 Roth Capital “Initiates Coverage on” the stock to Buy. Furthermore on 4/05/16 Rodman & Renshaw “Maintained” the stock to Buy at $30.
On the other hand the company has Relative Strength Index (RSI 14) of 60.13 along with Average True Range (ATR 14) of 0.67, Consequently Sorrento Therpt Cmn (NASDAQ:SRNE)’s weekly and monthly volatility is 9.05%, 10.24% respectively. The company’s beta value is at 1.85.
In terms of Buy, Sell or Hold recommendations, Sorrento Therpt Cmn (NASDAQ:SRNE) has analysts’ mean recommendation of 1.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Sorrento Therpt Cmn (NASDAQ:SRNE)’s minimum EPS for the current quarter is at $-0.26 and can go high up to $-0.02. The consensus mean EPS for the current quarter is at $-0.14 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.34 earnings per share for the same quarter during last year.
Previously Sorrento Therpt Cmn (NASDAQ:SRNE) reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.23 by $0.67. The company posted an earnings surprise of 291.3%.
Sorrento Therpt Cmn (NASDAQ:SRNE)’s revenue estimates for the current quarter are $12.73 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $19.96 Million in contradiction of low revenue estimates of $5.5 Million. For the current year the company’s revenue estimates are $144.18 Million compared to low analyst estimates of $136.95 Million and high estimates of $151.41 Million according to 2 number of analysts.
Currently Sorrento Therpt Cmn (NASDAQ:SRNE)’s shares owned by insiders are 13.4%, whereas shares owned by institutional owners are 13.3%. However the six-month change in the insider ownership was recorded -13.55%, as well as three-month change in the institutional ownership was recorded 1.17%.
Sorrento Therpt Cmn (NASDAQ:SRNE) 52-week high price stands at $8.25 and low price stands at $1.50, its price distance from 52-week high is -13.94% while its distance from 52-week low price is 373.33%. The stock hit its 52-week high on 01/29/18, and 52-week low on 08/24/17.
Sorrento Therpt Cmn (NASDAQ:SRNE)’s trailing twelve month revenues are $135.5 Million, whereas its price to sales ratio for the same period is 4.31. Its book value per share for the most recent quarter is $1.7 while its price to book ratio for the same period is 4.18, as for as the company’s cash per share for the most recent quarter is $0.48, however its price to cash per share ratio for the same period is 14.9. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.