Wednesday, October 28, 2020

Corcept Therapeutics Incorporated [CORT] Revenue clocked in at $351.20 million, up 38.64% YTD: What’s Next?

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Corcept Therapeutics Incorporated [NASDAQ: CORT] stock went on a downward path that fall over -1.67% on Thursday, amounting to a one-week price decrease of less than -2.56%.

Over the last 12 months, CORT stock rose by 14.43%. The one-year Corcept Therapeutics Incorporated stock forecast points to a potential downside of -0.12. The average equity rating for CORT stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.85 billion, with 115.01 million shares outstanding and 104.24 million shares in the current float. Compared to the average trading volume of 2.91M shares, CORT stock reached a trading volume of 1366015 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Corcept Therapeutics Incorporated [CORT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CORT shares is $16.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CORT stock is a recommendation set at 2.00. 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.

Jefferies have made an estimate for Corcept Therapeutics Incorporated shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 05, 2020. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on September 24, 2019, representing the official price target for Corcept Therapeutics Incorporated stock. Previously, the target price had yet another raise to $18, while H.C. Wainwright analysts kept a Buy rating on CORT stock. On February 04, 2019, analysts decreased their price target for CORT shares from 22 to 12.

The Average True Range (ATR) for Corcept Therapeutics Incorporated is set at 1.15, with the Price to Sales ratio for CORT stock in the period of the last 12 months amounting to 5.28. The Price to Book ratio for the last quarter was 4.26, with the Price to Cash per share for the same quarter was set at 3.67. Price to Free Cash Flow for CORT in the course of the last twelve months was 10.73 with Quick ratio for the last quarter at 10.30.

CORT Stock Performance Analysis:

Corcept Therapeutics Incorporated [CORT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.56. With this latest performance, CORT shares gained by 30.54% in over the last four-week period, additionally plugging by 52.50% over the last 6 months – not to mention a rise of 14.43% 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 CORT stock in for the last two-week period is set at 49.88, with the RSI for the last a single of trading hit 46.32, and the three-weeks RSI is set at 51.94 for Corcept Therapeutics Incorporated [CORT]. The present Moving Average for the last 50 days of trading for this stock 15.68, while it was recorded at 17.53 for the last single week of trading, and 13.97 for the last 200 days.

Insight into Corcept Therapeutics Incorporated Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Corcept Therapeutics Incorporated [CORT] shares currently have an operating margin of +36.41 and a Gross Margin at +98.20. Corcept Therapeutics Incorporated’s Net Margin is presently recorded at +30.73.

Return on Total Capital for CORT is now 34.31, given the latest momentum, and Return on Invested Capital for the company is 29.02. Return on Equity for this stock inclined to 29.11, with Return on Assets sitting at 26.02. When it comes to the capital structure of this company, Corcept Therapeutics Incorporated [CORT] has a Total Debt to Total Equity ratio set at 0.93. Additionally, CORT Total Debt to Total Capital is recorded at 0.92, with Total Debt to Total Assets ending up at 0.84. Long-Term Debt to Equity for the company is recorded at 0.51, with the Long-Term Debt to Total Capital now at 0.51.

Reflecting on the efficiency of the workforce at the company, Corcept Therapeutics Incorporated [CORT] managed to generate an average of $457,189 per employee. Receivables Turnover for the company is 16.34 with a Total Asset Turnover recorded at a value of 0.85.Corcept Therapeutics Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.30 and a Current Ratio set at 10.40.

CORT Stock EPS

With the latest financial reports released by the company, Corcept Therapeutics Incorporated posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. 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 CORT.

Corcept Therapeutics Incorporated [CORT] Insider Position Details

There are presently around $1,501 million, or 78.40% of CORT stock, in the hands of institutional investors. The top three institutional holders of CORT stocks are: BLACKROCK INC. with ownership of 15,884,743, which is approximately 4.198% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 11,239,346 shares of the stock with an approximate value of $188.54 million in CORT stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $149.63 million in CORT stock with ownership of nearly 7.433% of the company’s market capitalization.

Positions in Corcept Therapeutics Incorporated stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 120 institutional holders increased their position in Corcept Therapeutics Incorporated [NASDAQ:CORT] by around 6,330,166 shares. Additionally, 94 investors decreased positions by around 5,223,021 shares, while 39 investors held positions by with 77,908,730 shares. The mentioned changes placed institutional holdings at 89,461,917 shares, according to the latest SEC report filing. CORT stock had 46 new institutional investments in for a total of 1,847,933 shares, while 27 institutional investors sold positions of 1,322,039 shares during the same period.

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