Investors Are Waking Up To Xencor Inc (NASDAQ: XNCR) After Losing -11.60% Over The Past 12 Months

Xencor Inc (NASDAQ:XNCR) currently has a daily average trading volume of 696.01K but it saw 1840673 shares traded in last market. With a market cap of 1.48B USD, the company’s current market price of $23.93 came rising about 14.28 while comparing to the previous closing price of $20.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.96 and as low as $16.49.

Taking a look at 20-day trading activity of Xencor Inc (XNCR) gives us an average price of $20.16, while its current price level is -17.37% below from 52-week high level whereas it is 45.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $21.94 while that of 200 days or SMA-200 reads an average of $20.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.76% during that period while stretching the period over a month that decreases to 4.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.54 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BTIG Research which reiterated the stock as “Buy” in its note to investors issued on April 16, 2024, recommending a price target of between $56 and $38 for it. Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on February 28, 2024 while assigning a price target range of $37-$24. BofA Securities issued its recommendations for the stock as it initiated the price target for the stock is $42.

Over the week, XNCR’s stock price is moving 25.81% up while it is 11.25% when we observe its performance for the past one month. Year-to-date it is 12.72% up and over the past year, the stock is showing a downside performance of -11.60%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.02 beaten by the consensus estimate of -0.66 for the same. In next quarter, company is expected to be making quarterly sales of $24.52M as analysts are expecting the sales for current fiscal year at $98.67M and seeing the company making $147.58M in sales next year. Moreover, analysts are in estimates of $24.99M for current-quarter revenue.

Currently, Xencor Inc’s total number of outstanding shares is 61.00M. Company’s return on investment (ROI) stands at -16.98% and return on equity (ROE) at -18.06%. Stock’s beta reads 0.77. Stock has a price to book (P/B) ratio of 2.18 while price to sale or P/S ratio amounts to 8.76. Its return on asset (ROA) is -14.02% on average.