Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) price on current trading day, rose 1.42% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.12.
A look at the stock’s price movement, the close in the last trading session was $7.02, moving within a range at $6.99 and $7.16. The beta value (5-Year monthly) was 1.445. Turning to its 52-week performance, $10.05 and $4.71 were the 52-week high and 52-week low respectively. Overall, AUPH moved 3.04% over the past month.
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Aurinia Pharmaceuticals Inc’s market cap currently stands at around $1.02 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-31.
Analysts have a consensus estimate of 57.69M for the company’s revenue for the quarter, with a low and high estimate of 54.5M and 67.3M respectively. The average forecast suggests up to a 5.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 234.15M, representing a 33.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AUPH is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend AUPH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AUPH’s current price about 1.03% and 10.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.95, while 7-day volatility ratio is 3.18% and 4.24% in the 30-day chart. Further, Aurinia Pharmaceuticals Inc (AUPH) has a beta value of 1.46, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $6 and high of $13. Looking at the price targets, the low is 15.73% off current price level while to achieve the yearly target high, price needs to move -82.58%. Nonetheless, investors will most likely welcome a -68.54% jump to $12 which is the analysts’ median price.
If we refocus on Aurinia Pharmaceuticals Inc (NASDAQ:AUPH), historical trading data shows that trading volumes averaged 1.15 over the past 10 days and 1.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 143.83 million shares.
The 10.01% of Aurinia Pharmaceuticals Inc’s shares are in the hands of company insiders while institutional holders own 40.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.58 million on 2024-09-13, giving us a short ratio of 4.99. The data shows that as of 2024-09-13 short interest in Aurinia Pharmaceuticals Inc (AUPH) stood at 533.0 of shares outstanding, with shares short falling to 8.48 million registered in 2024-08-15. Current price change has pushed the stock -20.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AUPH stock continues to rise going into the next quarter.
