Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) stock fell -0.12% on Thursday to $49.92 against a previous-day closing price of $49.98. With 0.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $50.49 whereas the lowest price it dropped to was $49.55. The 52-week range on RARE shows that it touched its highest point at $68.68 and its lowest point at $33.36 during that stretch. It currently has a 1-year price target of $90.05. Beta for the stock currently stands at 0.88.
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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 RARE was down-trending over the past week, with a drop of -1.96%, but this was up by 17.93% over a month. Three-month performance surged to 14.10% while six-month performance rose 44.07%. The stock gained 9.00% in the past year, while it has gained 7.75% so far this year. A look at the trailing 12-month EPS for RARE yields -10.26 with Next year EPS estimates of -6.25. For the next quarter, that number is -2.05. This implies an EPS growth rate of -51.10% for this year and 21.80% for next year.
Float and Shares Shorts:
At present, 70.37 million RARE shares are outstanding with a float of 66.65 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.98 million, which was 4.21% higher than short shares on Mar 30, 2023. In addition to Dr. Emil D. Kakkis M.D., Ph.D. as the firm’s Founder, Pres, CEO & Director, Mr. John Richard Pinion II serves as its Chief Quality Operations Officer & Exec. VP of Translational Sciences.
Institutional Ownership:
Through their ownership of 98.18% of RARE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.00% of RARE, in contrast to 45.22% held by mutual funds. Shares owned by individuals account for 11.90%. As the largest shareholder in RARE with 9.47% of the stake, The Vanguard Group, Inc. holds 6,652,475 shares worth 6,652,475. A second-largest stockholder of RARE, Wellington Management Co. LLP, holds 5,101,147 shares, controlling over 7.27% of the firm’s shares. RTW Investments LP is the third largest shareholder in RARE, holding 4,270,996 shares or 6.08% stake. With a 2.98% stake in RARE, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,089,442 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.49% of RARE stock, is the second-largest Mutual Fund holder. It holds 1,745,586 shares valued at 76.23 million. Vanguard Explorer Fund holds 2.16% of the stake in RARE, owning 1,515,288 shares worth 66.17 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, RARE reported revenue of $89.34M and operating income of -$141.59M. The EBITDA in the recently reported quarter was -$137.14M and diluted EPS was -$2.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RARE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RARE analysts setting a high price target of $140.00 and a low target of $48.00, the average target price over the next 12 months is $91.42. Based on these targets, RARE could surge 180.45% to reach the target high and fall by -3.85% to reach the target low. Reaching the average price target will result in a growth of 83.13% 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.
Summary of Insider Activity:
Insiders traded RARE stock several times over the past three months with 15 Buys and 16 Sells. In these transactions, 193,142 shares were bought while 57,610 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 240,542 while 84,631 shares were sold.
