Horizon Therapeutics Public Limited Company [HZNP] moved down -0.14: Why It’s Important

Horizon Therapeutics Public Limited Company [NASDAQ: HZNP] traded at a low on 01/18/23, posting a -0.14 loss after which it closed the day’ session at $112.95. The company report on January 18, 2023 that Horizon Therapeutics plc Announces Phase 2 Trial Evaluating Dazodalibep for the Treatment of Sjögren’s Syndrome Meets Primary Endpoint in the Second Study Population; Only Phase 2 Trial to Meet Primary Endpoint in Both Patient Populations.

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– Trial also met primary endpoint in first study population as announced September 2022 –.

– The Company plans to work with the FDA to design a Phase 3 program to begin in 2023, ahead of expectations -.

The results of the trading session contributed to over 4179340 shares changing hands. Over the past one week, the price volatility of Horizon Therapeutics Public Limited Company stands at 0.21% while the volatility over the past one month is 0.27%.

The market cap for HZNP stock reached $25.63 billion, with 230.33 million shares outstanding and 223.96 million shares in the current float. Compared to the average trading volume of 3.97M shares, HZNP reached a trading volume of 4179340 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Horizon Therapeutics Public Limited Company [HZNP]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HZNP shares is $116.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HZNP stock is a recommendation set at 2.50. 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.

H.C. Wainwright have made an estimate for Horizon Therapeutics Public Limited Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 01, 2022. The new note on the price target was released on August 04, 2022, representing the official price target for Horizon Therapeutics Public Limited Company stock. Previously, the target price had yet another raise to $139, while UBS analysts kept a Buy rating on HZNP stock.

The Average True Range (ATR) for Horizon Therapeutics Public Limited Company is set at 1.04, with the Price to Sales ratio for HZNP stock in the period of the last 12 months amounting to 6.92. The Price to Book ratio for the last quarter was 5.17, with the Price to Cash per share for the same quarter was set at 9.39. Price to Free Cash Flow for HZNP in the course of the last twelve months was 19.51 with Quick ratio for the last quarter at 3.70.

How has HZNP stock performed recently?

Horizon Therapeutics Public Limited Company [HZNP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.10. With this latest performance, HZNP shares dropped by -0.04% in over the last four-week period, additionally plugging by 33.40% over the last 6 months – not to mention a rise of 23.98% 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 HZNP stock in for the last two-week period is set at 74.92, with the RSI for the last a single of trading hit 68.41, and the three-weeks RSI is set at 75.24 for Horizon Therapeutics Public Limited Company [HZNP]. The present Moving Average for the last 50 days of trading for this stock 98.45, while it was recorded at 113.13 for the last single week of trading, and 84.11 for the last 200 days.

Horizon Therapeutics Public Limited Company [HZNP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Horizon Therapeutics Public Limited Company [HZNP] shares currently have an operating margin of +21.02 and a Gross Margin at +75.37. Horizon Therapeutics Public Limited Company’s Net Margin is presently recorded at +16.57.

Return on Equity for this stock inclined to 12.29, with Return on Assets sitting at 7.25.

Horizon Therapeutics Public Limited Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 4.00.

Earnings analysis for Horizon Therapeutics Public Limited Company [HZNP]

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 HZNP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Horizon Therapeutics Public Limited Company go to 12.00%.

Insider trade positions for Horizon Therapeutics Public Limited Company [HZNP]

There are presently around $23,298 million, or 95.80% of HZNP stock, in the hands of institutional investors. The top three institutional holders of HZNP stocks are: VANGUARD GROUP INC with ownership of 21,276,662, which is approximately 1.693% of the company’s market cap and around 2.63% of the total institutional ownership; BLACKROCK INC., holding 15,619,023 shares of the stock with an approximate value of $1.76 billion in HZNP stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $973.92 million in HZNP stock with ownership of nearly 12.488% of the company’s market capitalization.

Positions in Horizon Therapeutics Public Limited Company stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 264 institutional holders increased their position in Horizon Therapeutics Public Limited Company [NASDAQ:HZNP] by around 41,735,773 shares. Additionally, 354 investors decreased positions by around 41,456,018 shares, while 65 investors held positions by with 123,075,631 shares. The mentioned changes placed institutional holdings at 206,267,422 shares, according to the latest SEC report filing. HZNP stock had 70 new institutional investments in for a total of 9,501,982 shares, while 137 institutional investors sold positions of 13,787,731 shares during the same period.


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