BioMarin Pharmaceutical Inc. [NASDAQ: BMRN] stock went on an upward path that rose over 4.56% on Wednesday, amounting to a one-week price increase of more than 3.40%. Over the last 12 months, BMRN stock rose by 30.18%. The one-year BioMarin Pharmaceutical Inc. stock forecast points to a potential upside of 7.73. The average equity rating for BMRN stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $19.78 billion, with 179.90 million shares outstanding and 179.59 million shares in the current float. Compared to the average trading volume of 1.62M shares, BMRN stock reached a trading volume of 2499008 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on BioMarin Pharmaceutical Inc. [BMRN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMRN shares is $120.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMRN stock is a recommendation set at 1.80. 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.
BMO Capital Markets have made an estimate for BioMarin Pharmaceutical Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 28, 2020. The new note on the price target was released on January 27, 2020, representing the official price target for BioMarin Pharmaceutical Inc. stock. Previously, the target price had yet another raise from $111 to $113, while RBC Capital Mkts kept a Outperform rating on BMRN stock. On November 27, 2019, analysts increased their price target for BMRN shares from 86 to 98.
The Average True Range (ATR) for BioMarin Pharmaceutical Inc. is set at 4.49, with the Price to Sales ratio for BMRN stock in the period of the last 12 months amounting to 10.95. The Price to Book ratio for the last quarter was 6.18, with the Price to Cash per share for the same quarter was set at 4.83.
BMRN Stock Performance Analysis:
BioMarin Pharmaceutical Inc. [BMRN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.40. With this latest performance, BMRN shares gained by 16.74% in over the last four-week period, additionally plugging by 33.32% over the last 6 months – not to mention a rise of 30.18% 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 BMRN stock in for the last two-week period is set at 64.62, with the RSI for the last a single of trading hit 67.73, and the three-weeks RSI is set at 63.27 for BioMarin Pharmaceutical Inc. [BMRN]. The present Moving Average for the last 50 days of trading for this stock 96.57, while it was recorded at 106.63 for the last single week of trading, and 83.98 for the last 200 days.
Insight into BioMarin Pharmaceutical Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and BioMarin Pharmaceutical Inc. [BMRN] shares currently have an operating margin of -6.75 and a Gross Margin at +75.51. BioMarin Pharmaceutical Inc.’s Net Margin is presently recorded at -1.41.
Return on Total Capital for BMRN is now -2.91, given the latest momentum, and Return on Invested Capital for the company is -0.64. Return on Equity for this stock declined to -0.78, with Return on Assets sitting at -0.52. When it comes to the capital structure of this company, BioMarin Pharmaceutical Inc. [BMRN] has a Total Debt to Total Equity ratio set at 29.13. Additionally, BMRN Total Debt to Total Capital is recorded at 22.56, with Total Debt to Total Assets ending up at 19.39. Long-Term Debt to Equity for the company is recorded at 17.20, with the Long-Term Debt to Total Capital now at 13.32.
Reflecting on the efficiency of the workforce at the company, BioMarin Pharmaceutical Inc. [BMRN] managed to generate an average of -$7,947 per employee. Receivables Turnover for the company is 4.68 with a Total Asset Turnover recorded at a value of 0.37.BioMarin Pharmaceutical Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.60.
BMRN Stock EPS
With the latest financial reports released by the company, BioMarin Pharmaceutical Inc. posted -0.21/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -90.90%. 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 BMRN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BioMarin Pharmaceutical Inc. go to 62.40%.
BioMarin Pharmaceutical Inc. [BMRN] Insider Position Details
There are presently around $18,752 million, or 98.80% of BMRN stock, in the hands of institutional investors. The top three institutional holders of BMRN stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 22,040,618, which is approximately 0.166% of the company’s market cap and around 0.60% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 17,809,767 shares of the stock with an approximate value of $1.9 billion in BMRN stocks shares; and VANGUARD GROUP INC, currently with $1.81 billion in BMRN stock with ownership of nearly 2.535% of the company’s market capitalization.
Positions in BioMarin Pharmaceutical Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 264 institutional holders increased their position in BioMarin Pharmaceutical Inc. [NASDAQ:BMRN] by around 18,655,864 shares. Additionally, 210 investors decreased positions by around 15,271,723 shares, while 68 investors held positions by with 142,201,401 shares. The mentioned changes placed institutional holdings at 176,128,988 shares, according to the latest SEC report filing. BMRN stock had 74 new institutional investments in for a total of 3,978,456 shares, while 46 institutional investors sold positions of 798,744 shares during the same period.