Exelixis Inc. [NASDAQ: EXEL] price plunged by -0.62 percent to reach at -$0.11. The company report on March 13, 2023 that Exelixis to Webcast Fireside Chat at the 2023 Guggenheim Healthy Altitudes Summit.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
– Presentation to be webcast on www.exelixis.com -.
Exelixis, Inc. (Nasdaq: EXEL) today announced that company management will provide a corporate overview at the 2023 Guggenheim Healthy Altitudes Summit on Thursday, March 16, 2023 at 10:00 a.m. ET / 8:00 a.m. MT / 7:00 a.m. PT.
A sum of 3652453 shares traded at recent session while its average daily volume was at 3.00M shares. Exelixis Inc. shares reached a high of $17.80 and dropped to a low of $17.38 until finishing in the latest session at $17.69.
The one-year EXEL stock forecast points to a potential upside of 29.41. The average equity rating for EXEL stock is currently 1.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Exelixis Inc. [EXEL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXEL shares is $25.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXEL stock is a recommendation set at 1.90. 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.
Wells Fargo have made an estimate for Exelixis Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 09, 2023. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on January 26, 2023, representing the official price target for Exelixis Inc. stock. Previously, the target price had yet another raise to $26, while JMP Securities analysts kept a Mkt Outperform rating on EXEL stock.
The Average True Range (ATR) for Exelixis Inc. is set at 0.46, with the Price to Sales ratio for EXEL stock in the period of the last 12 months amounting to 3.56. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 4.04. Price to Free Cash Flow for EXEL in the course of the last twelve months was 17.11 with Quick ratio for the last quarter at 4.90.
EXEL Stock Performance Analysis:
Exelixis Inc. [EXEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.12. With this latest performance, EXEL shares dropped by -2.16% in over the last four-week period, additionally plugging by 2.97% over the last 6 months – not to mention a drop of -12.86% 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 EXEL stock in for the last two-week period is set at 58.48, with the RSI for the last a single of trading hit 63.17, and the three-weeks RSI is set at 56.27 for Exelixis Inc. [EXEL]. The present Moving Average for the last 50 days of trading for this stock 17.19, while it was recorded at 17.29 for the last single week of trading, and 17.83 for the last 200 days.
Insight into Exelixis Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Exelixis Inc. [EXEL] shares currently have an operating margin of +12.51 and a Gross Margin at +96.41. Exelixis Inc.’s Net Margin is presently recorded at +11.31.
Return on Equity for this stock inclined to 7.76, with Return on Assets sitting at 6.41.
Exelixis Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.90 and a Current Ratio set at 5.00.
EXEL Stock EPS
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 EXEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Exelixis Inc. go to 46.00%.
Exelixis Inc. [EXEL] Insider Position Details
There are presently around $4,978 million, or 88.10% of EXEL stock, in the hands of institutional investors. The top three institutional holders of EXEL stocks are: BLACKROCK INC. with ownership of 34,530,294, which is approximately 1.873% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 32,289,014 shares of the stock with an approximate value of $571.19 million in EXEL stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $264.66 million in EXEL stock with ownership of nearly -6.673% of the company’s market capitalization.
Positions in Exelixis Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 215 institutional holders increased their position in Exelixis Inc. [NASDAQ:EXEL] by around 24,050,137 shares. Additionally, 175 investors decreased positions by around 19,533,139 shares, while 55 investors held positions by with 237,832,119 shares. The mentioned changes placed institutional holdings at 281,415,395 shares, according to the latest SEC report filing. EXEL stock had 51 new institutional investments in for a total of 3,591,699 shares, while 50 institutional investors sold positions of 6,816,577 shares during the same period.