Corcept Therapeutics Inc (NASDAQ: CORT) on Monday, plunged -2.83% from the previous trading day, before settling in for the closing price of $22.95. Within the past 52 weeks, CORT’s price has moved between $20.87 and $34.28.
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A company in the Healthcare sector has jumped its sales by 14.14% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.49%. With a float of $89.19 million, this company’s outstanding shares have now reached $103.41 million.
In an organization with 352 employees, it is important to assess its efficiency.
Corcept Therapeutics Inc (CORT) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Corcept Therapeutics Inc is 13.84%, while institutional ownership is 82.35%. The most recent insider transaction that took place on Apr 04 ’24, was worth 141,524. In this transaction an insider of this company sold 5,443 shares at a rate of $26.00, taking the stock ownership to the 7,314 shares. Before that another transaction happened on Apr 01 ’24, when Company’s Director sold 2,200 for $25.30, making the entire transaction worth $55,660. This insider now owns 0 shares in total.
Corcept Therapeutics Inc (CORT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 8.49% per share during the next fiscal year.
Corcept Therapeutics Inc (NASDAQ: CORT) Trading Performance Indicators
Corcept Therapeutics Inc (CORT) is currently performing well based on its current performance indicators. A quick ratio of 4.31 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.79. Likewise, its price to free cash flow for the trailing twelve months is 18.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.95, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.29 in one year’s time.
Technical Analysis of Corcept Therapeutics Inc (CORT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.49 million. That was better than the volume of 1.48 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.74%. Additionally, its Average True Range was 1.00.
During the past 100 days, Corcept Therapeutics Inc’s (CORT) raw stochastic average was set at 11.74%, which indicates a significant decrease from 28.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.22% in the past 14 days, which was lower than the 67.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.87, while its 200-day Moving Average is $26.57. However, in the short run, Corcept Therapeutics Inc’s stock first resistance to watch stands at $23.11. Second resistance stands at $23.93. The third major resistance level sits at $25.06. If the price goes on to break the first support level at $21.16, it is likely to go to the next support level at $20.03. The third support level lies at $19.21 if the price breaches the second support level.
Corcept Therapeutics Inc (NASDAQ: CORT) Key Stats
Market capitalization of the company is 2.31 billion based on 104,083K outstanding shares. Right now, sales total 482,380 K and income totals 106,140 K. The company made 135,410 K in profit during its latest quarter, and 31,360 K in sales during its previous quarter.
