Monday, November 23, 2020

Halozyme Therapeutics Inc. [HALO] is 31.30% higher this YTD. Is it still time to buy?

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Halozyme Therapeutics Inc. [NASDAQ: HALO] loss -2.55% or -0.61 points to close at $23.28 with a heavy trading volume of 1392444 shares. It opened the trading session at $23.99, the shares rose to $24.28 and dropped to $23.23, the range by which the price of stock traded the whole day. The daily chart for HALO points out that the company has recorded 22.33% gains over the past six months. However, it is still -83.16% lower than its most recent low trading price.

If we look at the average trading volume of 1.64M shares, HALO reached to a volume of 1392444 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Halozyme Therapeutics Inc. [HALO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HALO shares is $28.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HALO stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Halozyme Therapeutics Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 05, 2020. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $17 to $24. The new note on the price target was released on January 09, 2020, representing the official price target for Halozyme Therapeutics Inc. stock. Previously, the target price had yet another raise to $24, while Goldman analysts kept a Buy rating on HALO stock. On November 05, 2019, analysts decreased their price target for HALO shares from 17 to 16.

The Average True Range (ATR) for Halozyme Therapeutics Inc. is set at 1.03, with the Price to Sales ratio for HALO stock in the period of the last 12 months amounting to 18.96. The Price to Book ratio for the last quarter was 55.43, with the Price to Cash per share for the same quarter was set at 2.75.

Trading performance analysis for HALO stock

Halozyme Therapeutics Inc. [HALO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.36. With this latest performance, HALO shares dropped by -6.20% in over the last four-week period, additionally plugging by 22.33% over the last 6 months – not to mention a rise of 50.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HALO stock in for the last two-week period is set at 51.41, with the RSI for the last a single of trading hit 43.11, and the three-weeks RSI is set at 52.54 for Halozyme Therapeutics Inc. [HALO]. The present Moving Average for the last 50 days of trading for this stock 21.93, while it was recorded at 23.59 for the last single week of trading, and 18.83 for the last 200 days.

Halozyme Therapeutics Inc. [HALO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Halozyme Therapeutics Inc. [HALO] shares currently have an operating margin of -18.70 and a Gross Margin at +76.76. Halozyme Therapeutics Inc.’s Net Margin is presently recorded at -36.86.

Return on Total Capital for HALO is now -8.43, given the latest momentum, and Return on Invested Capital for the company is -19.05. Return on Equity for this stock declined to -42.41, with Return on Assets sitting at -14.36. When it comes to the capital structure of this company, Halozyme Therapeutics Inc. [HALO] has a Total Debt to Total Equity ratio set at 438.72. Additionally, HALO Total Debt to Total Capital is recorded at 81.44, with Total Debt to Total Assets ending up at 71.14. Long-Term Debt to Equity for the company is recorded at 417.42, with the Long-Term Debt to Total Capital now at 77.48.

Reflecting on the efficiency of the workforce at the company, Halozyme Therapeutics Inc. [HALO] managed to generate an average of -$547,273 per employee. Receivables Turnover for the company is 4.38 with a Total Asset Turnover recorded at a value of 0.39.Halozyme Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.20 and a Current Ratio set at 11.10.

Halozyme Therapeutics Inc. [HALO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Halozyme Therapeutics Inc. posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 28.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HALO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Halozyme Therapeutics Inc. go to 47.00%.

An analysis of insider ownership at Halozyme Therapeutics Inc. [HALO]

There are presently around $3,138 million, or 98.00% of HALO stock, in the hands of institutional investors. The top three institutional holders of HALO stocks are: ARTISAN PARTNERS LIMITED PARTNERSHIP with ownership of 14,430,037, which is approximately 174.309% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 13,898,214 shares of the stock with an approximate value of $332.03 million in HALO stocks shares; and BLACKROCK INC., currently with $290.19 million in HALO stock with ownership of nearly 0.413% of the company’s market capitalization.

Positions in Halozyme Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 100 institutional holders increased their position in Halozyme Therapeutics Inc. [NASDAQ:HALO] by around 16,418,674 shares. Additionally, 126 investors decreased positions by around 12,690,879 shares, while 30 investors held positions by with 102,239,876 shares. The mentioned changes placed institutional holdings at 131,349,429 shares, according to the latest SEC report filing. HALO stock had 38 new institutional investments in for a total of 2,674,471 shares, while 42 institutional investors sold positions of 2,356,523 shares during the same period.

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