Durect Corp (NASDAQ: DRRX) kicked off on November 20, 2023, at the price of $0.60, up 5.71% from the previous trading day. During the day, the shares moved up to $0.6494 and dropped to $0.60 before settling in for the closing price of $0.61. Over the past 52 weeks, DRRX has traded in a range of $0.47-$9.50.
Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -4.54%. While this was happening, its average annual earnings per share was recorded 10.97%. With a float of $29.41 million, this company’s outstanding shares have now reached $29.83 million.
Considering the fact that the conglomerate employs 79 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +91.76, operating margin of -181.93, and the pretax margin is -183.23.
Durect Corp (DRRX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Durect Corp is 1.39%, while institutional ownership is 32.86%.
Durect Corp (DRRX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.14 earnings per share (EPS), higher than consensus estimate (set at -$0.42) by $0.28. This company achieved a net margin of -183.23 while generating a return on equity of -85.38. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -38.90% drop over the previous five years of trading.
Durect Corp (NASDAQ: DRRX) Trading Performance Indicators
Take a look at Durect Corp’s (DRRX) current performance indicators. Last quarter, stock had a quick ratio of 1.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.53, a number that is poised to hit -0.33 in the next quarter and is forecasted to reach -1.01 in one year’s time.
Technical Analysis of Durect Corp (DRRX)
Compared to the last year’s volume of 0.32 million, its volume of 1.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 19.87%. Additionally, its Average True Range was 0.23.
During the past 100 days, Durect Corp’s (DRRX) raw stochastic average was set at 3.69%, which indicates a significant decrease from 6.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 657.09% in the past 14 days, which was higher than the 267.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.2397, while its 200-day Moving Average is $3.9677. Nevertheless, the first resistance level for the watch stands at $0.6647 in the near term. At $0.6818, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7141. If the price goes on to break the first support level at $0.6153, it is likely to go to the next support level at $0.5830. Should the price break the second support level, the third support level stands at $0.5659.
Durect Corp (NASDAQ: DRRX) Key Stats
The company with the Market Capitalisation of 19.32 million has total of 29,829K Shares Outstanding. Its annual sales at the moment are 19,280 K in contrast with the sum of -35,330 K annual income. Company’s last quarter sales were recorded 2,080 K and last quarter income was -11,180 K.