It is Poised to be a Bull Market for Xeris Biopharma Holdings Inc (XERS)

With 1.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.55 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $2.395 whereas the lowest price it dropped to was $2.285. The 52-week range on XERS shows that it touched its highest point at $3.26 and its lowest point at $1.46 during that stretch. It currently has a 1-year price target of $4.58. Beta for the stock currently stands at 1.84.

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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 XERS was down-trending over the past week, with a drop of -5.31%, but this was up by 23.40% over a month. Three-month performance surged to 3.11% while six-month performance rose 19.59%. The stock lost -21.36% in the past year, while it has lost -1.28% so far this year. A look at the trailing 12-month EPS for XERS yields -0.46 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.10. This implies an EPS growth rate of 16.67% for this year and 53.78% for next year.

Float and Shares Shorts:

At present, 138.13 million XERS shares are outstanding with a float of 137.79 million shares on hand for trading. On 2024-05-15, short shares totaled 10.79 million, which was 728.0 higher than short shares on 1713139200. In addition to Mr. Paul R. Edick as the firm’s Chairman & CEO, Mr. John P. Shannon serves as its President & COO.

Institutional Ownership:

Through their ownership of 0.42795 of XERS’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, XERS reported revenue of $40638000.0 and operating income of -$14245000.0. The EBITDA in the recently reported quarter was -$9108000.0 and diluted EPS was -$0.14.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XERS 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.