Durect Corp [NASDAQ: DRRX] gained 240.15% on the last trading session, reaching $1.88 price per share at the time.
Durect Corp represents 31.04 million in outstanding shares, while the company has a total market value of $58.37 million with the latest information. DRRX stock price has been found in the range of $1.86 to $2.64.
If compared to the average trading volume of 107.86K shares, DRRX reached a trading volume of 50167384 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Durect Corp [DRRX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DRRX shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DRRX stock is a recommendation set at 3.00. 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.
Chardan Capital Markets have made an estimate for Durect Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 12, 2020, representing the official price target for Durect Corp stock. Previously, the target price had yet another raise to $7, while Oppenheimer analysts kept a Outperform rating on DRRX stock.
The Price to Book ratio for the last quarter was 10.91, with the Price to Cash per share for the same quarter was set at 0.27.
Trading performance analysis for DRRX stock
Durect Corp [DRRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 241.82. With this latest performance, DRRX shares gained by 200.22% in over the last four-week period, additionally plugging by 121.18% over the last 6 months – not to mention a rise of 150.67% 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 DRRX stock in for the last two-week period is set at 89.78, with the RSI for the last a single of trading hit 0.2802, and the three-weeks RSI is set at 0.1601 for Durect Corp [DRRX]. The present Moving Average for the last 50 days of trading for this stock 0.6192, while it was recorded at 0.8364 for the last single week of trading, and 0.8246 for the last 200 days.
Durect Corp [DRRX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Durect Corp [DRRX] shares currently have an operating margin of -306.34% and a Gross Margin at 82.31%. Durect Corp’s Net Margin is presently recorded at -327.03%.
Durect Corp (DRRX) Capital Structure & Debt Analysis
According to recent financial data for Durect Corp. ( DRRX), the Return on Equity (ROE) stands at -203.11%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -54.82%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Durect Corp’s Return on Invested Capital (ROIC) is -255.17%, showcasing its effectiveness in deploying capital for earnings.
Durect Corp (DRRX) Efficiency & Liquidity Metrics
Based on Durect Corp’s (DRRX) latest financial statements, the Debt-to-Equity Ratio is 0.37%, indicating its reliance on debt financing relative to shareholder equity.
Durect Corp (DRRX) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Durect Corp. (DRRX) effectively leverages its workforce, generating an average of -$513870.97 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.23% and a Quick Ratio of 1.22%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Durect Corp [DRRX]
There are presently around $22.32%, or 25.32% of DRRX stock, in the hands of institutional investors. The top three institutional holders of DRRX stocks are: INGALLS & SNYDER LLC with ownership of 1.99 million shares, which is approximately 6.4103%. VANGUARD GROUP INC, holding 1.12 million shares of the stock with an approximate value of $$1.45 million in DRRX stocks shares; and VANGUARD GROUP INC, currently with $$1.38 million in DRRX stock with ownership which is approximately 3.4539%.
