Esperion Therapeutics Inc. [NASDAQ: ESPR] stock went on an upward path that rose over 14.41% on Monday, amounting to a one-week price increase of more than 27.80%. The company report on March 25, 2024 at 4:00 PM that Esperion Announces Data from CLEAR Outcomes Sub-Groups as Poster Presentations, Moderated Session & Industry Expert Theatre to be Presented at ACC.24.
“Esperion welcomes the opportunity to showcase additional data from our pivotal CLEAR Outcomes trial at the American College of Cardiology’s Annual Scientific Session,” said JoAnne Foody, MD, Chief Medical Officer for Esperion. “Complementing the ACC.24 theme of Cardiovascular Care for All, we will highlight our commitment to underserved populations and present subset analyses in women and Hispanic/Latinx patients as well as in patients with obesity.”.
Over the last 12 months, ESPR stock rose by 67.95%. The one-year Esperion Therapeutics Inc. stock forecast points to a potential upside of 64.64. The average equity rating for ESPR stock is currently 1.57, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $446.50 million, with 170.42 million shares outstanding and 168.54 million shares in the current float. Compared to the average trading volume of 5.81M shares, ESPR stock reached a trading volume of 27352334 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Esperion Therapeutics Inc. [ESPR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ESPR shares is $7.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ESPR stock is a recommendation set at 1.57. 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.
BofA Securities have made an estimate for Esperion Therapeutics Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 03, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on November 20, 2023, representing the official price target for Esperion Therapeutics Inc. stock. On June 15, 2023, analysts increased their price target for ESPR shares from 1.25 to 4.
The Average True Range (ATR) for Esperion Therapeutics Inc. is set at 0.23, with the Price to Sales ratio for ESPR stock in the period of the last 12 months amounting to 3.84.
ESPR Stock Performance Analysis:
Esperion Therapeutics Inc. [ESPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.80. With this latest performance, ESPR shares gained by 0.38% in over the last four-week period, additionally plugging by 164.59% over the last 6 months – not to mention a rise of 67.95% 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 ESPR stock in for the last two-week period is set at 60.79, with the RSI for the last a single of trading hit 67.88, and the three-weeks RSI is set at 57.52 for Esperion Therapeutics Inc. [ESPR]. The present Moving Average for the last 50 days of trading for this stock 2.38, while it was recorded at 2.26 for the last single week of trading, and 1.67 for the last 200 days.
Insight into Esperion Therapeutics Inc. Fundamentals:
Esperion Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.87 and a Current Ratio set at 1.29.
ESPR Stock EPS
With the latest financial reports released by the company, Esperion Therapeutics Inc. posted -0.79/share EPS, while the average EPS was predicted by analysts to be reported at -0.65/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -21.50%. 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 ESPR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Esperion Therapeutics Inc. go to 16.90%.
Esperion Therapeutics Inc. [ESPR] Institutonal Ownership Details
The top three institutional holders of ESPR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ESPR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ESPR stock with ownership which is approximately 5.8325%.
