Ionis Pharmaceuticals Inc. (NASDAQ:IONS) Relative Strength Index (RSI) is 46.78, with weekly volatility at 3.78% and ATR at 1.37. The IONS stock’s 52-week price range has touched low of $34.43 and a $64.37 high. Intraday shares traded counted 1.19 million, which was 39.12% higher than its 30-day average trading volume of 1.96M. Its shares traded lower over the last trading session, losing -2.33% on 06/21/21. The shares fell to a low of $36.54 before closing at $36.91. IONS’s previous close was $37.79 while the outstanding shares total 140.77M. The firm has a beta of 1.08.
Investors have identified the Biotechnology company Ionis Pharmaceuticals 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 $5.16 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.
Ionis Pharmaceuticals Inc. (IONS) 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. For IONS, the company has in raw cash 414.15 million on their books with 69.5 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.99 billion total, with 295.11 million as their total liabilities.
IONS were able to record -56.43 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 16.49 million. In cash movements, the company had a total of -54.66 million as operating cash flow.
Potential earnings growth for Ionis Pharmaceuticals Inc. (IONS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Ionis Pharmaceuticals Inc. recorded a total of 111.61 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -19.5% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -160.09%.
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 2.58 million trying to sell their products during the last quarter, with the result yielding a gross income of 109.03 million. This allows shareholders to hold on to 140.77M with the recently reported earning now reading -0.64 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (-0.64 cents a share).
Having a look at the company’s valuation, the company is expected to record -1.45 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 IONS sounds very interesting.
Is the stock of IONS attractive?
In related news, Director, MUTO FREDERICK T sold 15,000 shares of the company’s stock in a transaction that recorded on Jun 15. The sale was performed at an average price of 36.63, for a total value of 549,500. As the sale deal closes, the Chief Executive Officer, Monia Brett P now sold 236 shares of the company’s stock, valued at 12,809. Also, Exec Chairman of the Board, CROOKE STANLEY T sold 28,333 shares of the company’s stock in a deal that was recorded on Jan 26. The shares were price at an average price of 63.74 per share, with a total market value of 1,805,812. Following this completion of acquisition, the EVP & General Counsel, O’NEIL PATRICK R. now holds 5,324 shares of the company’s stock, valued at 338,074. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
10 out of 21 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Ionis Pharmaceuticals Inc.. 3 analysts has assigned a Sell rating on the IONS stock. The 12-month mean consensus price target for the company’s shares has been set at $57.83.