Esperion Therapeutics Inc. (NASDAQ:ESPR) shares, rose in value on Thursday, 05/25/23, with the stock price down by -5.70% to the previous day’s close as strong demand from buyers drove the stock to $1.49.
Actively observing the price movement in the last trading, the stock closed the session at $1.58, falling within a range of $1.4601 and $1.55. The value of beta (5-year monthly) was 0.12. Referring to stock’s 52-week performance, its high was $8.87, and the low was $1.12. On the whole, ESPR has fluctuated by 23.14% over the past month.
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With the market capitalization of Esperion Therapeutics Inc. currently standing at about $146.74 million, investors are eagerly awaiting this quarter’s results, scheduled for Jul 31, 2023 – Aug 04, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.6, which is expected to increase to -$0.34 for fiscal year -$2.19 and then to about -$0.04 by fiscal year 2024. Data indicates that the EPS growth is expected to be 37.80% in 2024, while the next year’s EPS growth is forecast to be 98.20%.
Analysts have estimated the company’s revenue for the quarter at $26 million, with a low estimate of $19.77 million and a high estimate of $36.08 million. According to the average forecast, sales growth in current quarter could jump up 38.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $121.63 million, representing an increase of 61.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ESPR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ESPR currently trading nearly -1.05% and -1.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.79, while the 7-day volatility ratio is showing 7.71% which for the 30-day chart, stands at 10.92%. Furthermore, Esperion Therapeutics Inc. (ESPR)’s beta value is 0.10, and its average true range (ATR) is 0.16.
A comparison of Esperion Therapeutics Inc. (ESPR) with its peers suggests the former has fared considerably weaker in the market. ESPR showed an intraday change of -5.70% in last session, and over the past year, it shrunk by -74.27%%. In comparison, Amicus Therapeutics Inc. (FOLD) has moved lower at -4.87% on the day and was up 46.77% over the past 12 months. On the other hand, the price of Pfizer Inc. (PFE) has fallen -2.07% on the day. The stock, however, is off -29.17% from where it was a year ago. Additionally, there is a loss of -1.68% for Regeneron Pharmaceuticals Inc. (REGN) in last trading while the stock has seen an overall depriciation of 5.68%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.88%. Meanwhile, the Dow Jones Industrial Slipped by -0.11%.
Data on historical trading for Esperion Therapeutics Inc. (NASDAQ:ESPR) indicates that the trading volumes over the past 10 days have averaged 1.95 million and over the past 3 months, they’ve averaged 4.17 million. According to company’s latest data on outstanding shares, there are 78.44 million shares outstanding.
Nearly 0.60% of Esperion Therapeutics Inc.’s shares belong to company insiders and institutional investors own 87.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.66 million shares as on Apr 27, 2023, resulting in a short ratio of 6.1. According to the data, the short interest in Esperion Therapeutics Inc. (ESPR) stood at 17.58% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 14.96 million. The stock has fallen by -76.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ESPR stock heading into the next quarter.