Major Brokerage Firms Issue Research Notes on Aurinia Pharmaceuticals Inc. (AUPH)

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Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) saw a downside of -0.97% to close Tuesday at $8.21 after subtracting -$0.08 on the day. The 5-day average trading volume is 2,438,120 shares of the company’s common stock. It has gained $8.94 in the past week and touched a new high 1 time within the past 5 days. An average of 4,251,760 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,980,296.

AUPH’s 1-month performance is 78.48% or $3.68 on its low of $4.07 reached on 12/28/22. The company’s shares have touched a 52-week low of $4.07 and high of $20.48, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, AUPH has achieved 90.05% or $3.89 and has reached a new high 9 times. However, the current price is down -59.90% from the 52-week high price.

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Insider Transactions

AUPH stock investors last saw insider trading activity on Nov 21.Donley Matthew Maxwell (Ex VP, Intern’l Operations) most recently sold 3,052 shares at $12.01 per share on Mar 02. This transaction cost the insider $36,655. Chief Business Officer, Martin Michael Robert, sold 4,849 shares at a price of $12.01 on Mar 02. Then, on Mar 02, EVP of Research Huizinga Robert Bindert sold 4,849 shares at a price of $12.01 per share. This transaction amounted to $58,236.

Valuation Metrics

AUPH stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.61 while the price-to-book (PB) in the most recent quarter is 2.76.

Aurinia Pharmaceuticals Inc.’s quick ratio for the period ended June 29 was 10.40, with the current ratio over the same period at 11.00.. In terms of profitability, the gross margin trailing 12 months is 96.30%. The firm’s gross profit as reported stood at $44.51 million against revenue of $45.6 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -459.07% to -$8.99 million, while revenue of -$35.52 million was -295.11% off the previous quarter. Analysts expected AUPH to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.25, representing a -13.60% surprise. EBITDA for the quarter stood at more than -$9.0 million. AUPH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 64.87 million, with total debt at $8.38 million. Shareholders hold equity totaling $142.11 million.

Let’s look briefly at Aurinia Pharmaceuticals Inc. (AUPH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 64.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.17%.

The stock’s 5-day moving average is $8.20, reflecting a -4.98% or -$0.43 change from its current price. AUPH is currently trading +77.71% above its 20-day SMA, +9.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +63.22% and SMA200 by-31.98%.

Stochastic %K and %D was 70.46% and 72.41% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 66.44%, while the 14-day stochastic is at 63.98% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at -0.15 and 0.26 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for AUPH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AUPH as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.

What is AUPH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.18 and a high of $15.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Aurinia Pharmaceuticals Inc. (AUPH) stock is $11.59.

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