Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) shares fell to a low of $108.94 before closing at $111.84. Intraday shares traded counted 0.32 million, which was 26.84% higher than its 30-day average trading volume of 432.51K. RARE’s previous close was $108.62 while the outstanding shares total 67.10M. The firm has a beta of 1.89. The stock’s Relative Strength Index (RSI) is 51.65, with weekly volatility at 5.00% and ATR at 5.90. The RARE stock’s 52-week price range has touched low of $65.31 and a $179.65 high. The stock traded higher over the last trading session, gaining 2.96% on 05/20/21.
Investors have identified the Biotechnology company Ultragenyx Pharmaceutical Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.26 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Ultragenyx Pharmaceutical Inc. (RARE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.07 billion total, with 127.04 million as their total liabilities.
RARE were able to record -175.76 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -329.89 million. In cash movements, the company had a total of -159.35 million as operating cash flow.
Potential earnings growth for Ultragenyx Pharmaceutical Inc. (RARE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Ultragenyx Pharmaceutical Inc. recorded a total of 99.39 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 63.47% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 7.9%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 5.19 million trying to sell their products during the last quarter, with the result yielding a gross income of 94.21 million. This allows shareholders to hold on to 67.10M with the recently reported earning now reading -2.03 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (-2.03 cents a share).
Having a look at the company’s valuation, the company is expected to record -5.22 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RARE sounds very interesting.
Is the stock of RARE attractive?
In related news, EVP & Chief Commercial Officer, Harris Erik sold 393 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 113.67, for a total value of 44,672. As the sale deal closes, the EVP & Chief Commercial Officer, Harris Erik now sold 307 shares of the company’s stock, valued at 34,900. Also, EVP & Chief Tech Ops Officer, Huang Dennis Karl sold 363 shares of the company’s stock in a deal that was recorded on May 06. The shares were price at an average price of 113.68 per share, with a total market value of 41,266. Following this completion of acquisition, the See Remarks, Pinion John Richard now holds 363 shares of the company’s stock, valued at 41,269. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
11 out of 16 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Ultragenyx Pharmaceutical Inc.. 0 analysts has assigned a Sell rating on the RARE stock. The 12-month mean consensus price target for the company’s shares has been set at $154.88.