Principia Biopharma Inc. (NASDAQ:PRNB) does about 1.28M shares in volume on a normal day but saw 3581334 shares change hands in Tuesday trading. The company now has a market cap of 3.35B USD. Its current market price is $101.07, marking an increase of 1.07% compared to the previous close of $100.00. The 52 week high reached by this stock is $100.40 whilst the lowest price level in 52 weeks is $25.35. The script in recent trading has seen the stock touch a high of $101.89 and a low of $99.84.
Principia Biopharma Inc. (PRNB) has a 20-day trading average at $91.63 and the current price is 0.67% off the 52-week high compared with 298.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $77.63 and its 200-day simple moving average is $61.26. If we look at the stock’s price movements over the week, volatility stands at 0.71%, which increases to 4.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.90 to suggest the stock is overbought.
7 analysts observing the Principia Biopharma Inc. (PRNB) stock have set the 12-month price targets for the company’s shares at between $100.00 and $123.00. The consensus objective for the share price is $100.38, suggesting that the stock has a potential downside of -0.69% over the period. The median price target is -1.07% away from the current levels at $100.00.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 1 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 18, 2020 when SVB Leerink downgraded the stock to “Mkt Perform” and issued a price target of $100. Guggenheim initiated its price target at $100.
The current price level is 11.31%, 31.49%, and 65.93% away from its SMA20, SMA50, and SMA200 respectively, with the PRNB price moving above the 50-day SMA on August 25. Principia Biopharma Inc. (PRNB) stock is up 1.47% over the week and 14.01% over the past month. Its price is 84.50% year-to-date and 178.81% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.31 above consensus estimates by $1.11. The company’s next earnings report is expected on 11/10/2020, with forecasts estimating quarterly EPS at -$0.97 and -$2.87 for whole year. PRNB’s earnings per share are forecast to shrink by -37.30% this year and -68.60% over next year. In addition, estimates put the company’s current quarterly revenue at an average of $10 million.
Its 12-month price target is $100.00. To reach the target analysts have set, the stock logically needs to shrink -0.69 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $100.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $123.00.
Outstanding shares total 33.09M with insiders holding 1.39% of the shares and institutional holders owning 100.78% of the company’s common stock. The company has a return on investment of -16.40% and return on equity of -23.10%. Price to book ratio is 9.52 and price to sales ratio is 67.07.
According to a U.S. Securities and Exchange Commission filing, Fidelity Select Port – Biotechno has reduced its position in Principia Biopharma Inc. (PRNB) to 1,027,808 shares, mirroring a recent drop by -0.02%. Fidelity Select Port – Biotechno dumped 200.0 shares of Principia Biopharma Inc. common stock bringing its total worth to about $85.92 million at the end of recent close, SEC documents show. Fidelity Select Port – Biotechno isn’t the only investment manager who changed stakes and is followed by Fidelity Select Port – Health Ca, which added 2200.0 shares to end up with 789,124 shares worth $65.97 million. SPDR S&P Biotech ETF cut their holdings by -0.99% in the company over the course of the most recent quarter. It now holds a 2.16% position in Principia Biopharma Inc. thanks to 0.71 million shares amounting to $59.57 million.