Endo International plc (NASDAQ: ENDP) stock fell -13.71% on Friday to $0.45 against a previous-day closing price of $0.52. With 28.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 44.36 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $0.5500 whereas the lowest price it dropped to was $0.4300. The 52-week range on ENDP shows that it touched its highest point at $7.07 and its lowest point at $0.28 during that stretch. It currently has a 1-year price target of $1.33. Beta for the stock currently stands at 1.08.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENDP was up-trending over the past week, with a rise of 8.78%, but this was up by 17.67% over a month. Three-month performance dropped to -78.12% while six-month performance fell -85.82%. The stock lost -90.76% in the past year, while it has lost -88.01% so far this year. A look at the trailing 12-month EPS for ENDP yields -2.92 with Next year EPS estimates of 0.57. For the next quarter, that number is -0.14. This implies an EPS growth rate of -584.60% for this year and -37.53% for next year.
Float and Shares Shorts:
At present, 233.88 million ENDP shares are outstanding with a float of 233.27 million shares on hand for trading. On Apr 28, 2022, short shares totaled 35.11 million, which was 14.93% higher than short shares on Mar 30, 2022. In addition to Mr. Blaise A. Coleman as the firm’s Pres, CEO & Director, Mr. Mark T. Bradley serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 84.57% of ENDP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.15% of ENDP, in contrast to 26.69% held by mutual funds. Shares owned by individuals account for 2.29%. As the largest shareholder in ENDP with 14.65% of the stake, BlackRock Fund Advisors holds 34,445,128 shares worth 34,445,128. A second-largest stockholder of ENDP, The Vanguard Group, Inc., holds 27,836,643 shares, controlling over 11.84% of the firm’s shares. Paulson & Co., Inc. is the third largest shareholder in ENDP, holding 17,327,012 shares or 7.37% stake. With a 2.75% stake in ENDP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 6,458,450 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.25% of ENDP stock, is the second-largest Mutual Fund holder. It holds 5,292,851 shares valued at 2.47 million. Vanguard Extended Market Index Fu holds 1.32% of the stake in ENDP, owning 3,091,975 shares worth 1.44 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENDP since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENDP analysts setting a high price target of $2.00 and a low target of $1.00, the average target price over the next 12 months is $1.33. Based on these targets, ENDP could surge 344.44% to reach the target high and rise by 122.22% to reach the target low. Reaching the average price target will result in a growth of 195.56% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ENDP will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $1.21 being high and $0.70 being low. For ENDP, this leads to a yearly average estimate of $0.91. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Endo International plc surprised analysts by $0.22 when it reported $0.66 EPS against a consensus estimate of $0.44. The surprise factor in the prior quarter was $0.19. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.02.
Summary of Insider Activity:
Insiders traded ENDP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 98,016 while 354,685 shares were sold.
