Exelixis Inc (NASDAQ:EXEL) saw an upside of 0.99% to $21.97 after adding $0.22 on Wednesday. The 5-day average trading volume is 1,633,917 shares of the company’s common stock. It has gained $22.12 in the past week and touched a new high 3 times within the past 5 days. An average of 2,077,919 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,284,744.
EXEL’s 1-month performance is -0.97% or -$0.05 on its low of $21.30 reached on 09/20/23. The company’s shares have touched a 52-week low of $14.87 and high of $22.80, with the stock’s rally to the 52-week high happening on 09/01/23. YTD, EXEL has achieved 36.94% or $5.90 and has reached a new high 28 times. However, the current price is down -3.64% from the 52-week high price.
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Insider Transactions
EXEL stock investors last saw insider trading activity on Aug 30.Aftab Dana (CSO/EVP Disc & Trans Research) most recently sold 4,600 shares at $22.47 per share on Aug 30. This transaction cost the insider $103,362. EVP and CFO, Senner Christopher J., sold 60,000 shares at a price of $20.68 on Aug 04. Then, on Aug 03, EVP and CFO Senner Christopher J. sold 60,000 shares at a price of $20.51 per share. This transaction amounted to $1,230,600.
Valuation Metrics
EXEL stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.08 while the price-to-book (PB) in the most recent quarter is 2.78, with the price to cash flow ratio at 19.35.
Exelixis Inc’s quick ratio for the period ended June 29 was 4.60, with the current ratio over the same period at 4.68. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.08. In terms of profitability, the gross margin trailing 12 months is 96.31%. The trailing 12-month EBITDA margin is 14.94% while for the period ending June 29, Exelixis Inc’s operating margin was 8.24%. The firm’s gross profit as reported stood at $1.55 billion against revenue of $1.61 billion.
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 grew 12.95% to $81.18 million, while revenue of $40.03 million was 50.69% off the previous quarter. Analysts expected EXEL to announce $0.16 per share in earnings in its latest quarter, but it posted $0.25, representing a 56.20% surprise. EBITDA for the quarter stood at more than $83.89 million. EXEL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 614.53 million, with total debt at $194.69 million. Shareholders hold equity totaling $318.38 million.
Let’s look briefly at Exelixis Inc (EXEL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 55.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.89%.
The stock’s 5-day moving average is $21.72, reflecting a +2.02% or $0.43 change from its current price. EXEL is currently trading -2.03% above its 20-day SMA, +12.65% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.70% and SMA200 by+32.84%.
Stochastic %K and %D was 49.24% and 36.53% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 55.65%, while the 14-day stochastic is at 58.64% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at 0.21 and 0.03 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Exelixis Inc (NASDAQ: EXEL), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for EXEL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate EXEL as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.
What is EXEL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $32.00, with their median price target at $26.00. Looking at these predictions, the average price target given by analysts is for Exelixis Inc (EXEL) stock is $25.65.
