ORIC Pharmaceuticals Inc. [ORIC] Stock trading around $5.78 per share: What’s Next?

ORIC Pharmaceuticals Inc. [NASDAQ: ORIC] closed the trading session at $5.78 on 12/23/22. The day’s price range saw the stock hit a low of $4.72, while the highest price level was $6.11. The company report on December 21, 2022 that ORIC Pharmaceuticals Announces Clinical Development Collaboration with Pfizer for ORIC-533 in Multiple Myeloma and Concurrent $25 Million Equity Investment by Pfizer.

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ORIC and Pfizer have entered into a clinical development collaboration for a Phase 2 study of ORIC-533 in combination with elranatamab in multiple myeloma.

Jeff Settleman, Ph.D., Chief Scientific Officer, Pfizer Oncology, to join ORIC Scientific Advisory Board.

The stocks have a year to date performance of -60.68 percent and weekly performance of 85.26 percent. The stock has been moved at 22.72 percent over the last six months. The stock has performed 59.23 percent around the most recent 30 days and changed 83.49 percent over the most recent 3-months.

If compared to the average trading volume of 565.04K shares, ORIC reached to a volume of 14628626 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about ORIC Pharmaceuticals Inc. [ORIC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ORIC shares is $13.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ORIC 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.

Oppenheimer have made an estimate for ORIC Pharmaceuticals Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on July 18, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $7 to $10. The new note on the price target was released on April 04, 2022, representing the official price target for ORIC Pharmaceuticals Inc. stock.

The Average True Range (ATR) for ORIC Pharmaceuticals Inc. is set at 0.57 The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 5.91.

ORIC stock trade performance evaluation

ORIC Pharmaceuticals Inc. [ORIC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 85.26. With this latest performance, ORIC shares gained by 59.23% in over the last four-week period, additionally plugging by 22.72% over the last 6 months – not to mention a drop of -65.68% 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 ORIC stock in for the last two-week period is set at 75.56, with the RSI for the last a single of trading hit 81.59, and the three-weeks RSI is set at 71.36 for ORIC Pharmaceuticals Inc. [ORIC]. The present Moving Average for the last 50 days of trading for this stock 3.26, while it was recorded at 3.91 for the last single week of trading, and 3.90 for the last 200 days.

ORIC Pharmaceuticals Inc. [ORIC]: An insightful look at the core fundamentals

ORIC Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.00 and a Current Ratio set at 15.00.

ORIC Pharmaceuticals Inc. [ORIC]: Insider Ownership positions

There are presently around $189 million, or 83.00% of ORIC stock, in the hands of institutional investors. The top three institutional holders of ORIC stocks are: FMR LLC with ownership of 4,348,392, which is approximately -0.156% of the company’s market cap and around 2.98% of the total institutional ownership; COLUMN GROUP LLC, holding 3,568,181 shares of the stock with an approximate value of $20.62 million in ORIC stocks shares; and ECOR1 CAPITAL, LLC, currently with $19.76 million in ORIC stock with ownership of nearly 0% of the company’s market capitalization.

33 institutional holders increased their position in ORIC Pharmaceuticals Inc. [NASDAQ:ORIC] by around 2,666,308 shares. Additionally, 46 investors decreased positions by around 2,839,775 shares, while 17 investors held positions by with 27,225,251 shares. The mentioned changes placed institutional holdings at 32,731,334 shares, according to the latest SEC report filing. ORIC stock had 12 new institutional investments in for a total of 1,169,539 shares, while 17 institutional investors sold positions of 1,044,656 shares during the same period.


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