Exelixis Inc (EXEL) Volatility Spurs A Quest For Clarity

Currently, there are 302.79M common shares owned by the public and among those 295.03M shares have been available to trade.

Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 2,271,230 shares. Insider sales of the common stock occurred on 32 occasions, with total insider shares sold totaling 1,068,025 shares.

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The company’s stock has a 5-day price change of 3.30% and 4.56% over the past three months. EXEL shares are trading -7.29% year to date (YTD), with the 12-month market performance up to 27.30% higher. It has a 12-month low price of $16.15 and touched a high of $24.34 over the same period. EXEL has an average intraday trading volume of 2.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.86%, 0.23%, and 5.42% respectively.

Institutional ownership of Exelixis Inc (NASDAQ: EXEL) shares accounts for 86.45% of the company’s 302.79M shares outstanding.

It has a market capitalization of $6.74B and a beta (3y monthly) value of 0.53. The stock’s trailing 12-month PE ratio is 34.36, while the earnings-per-share (ttm) stands at $0.65. The company has a PEG of 1.81 and a Quick Ratio of 3.30 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 2.28% over the month.

Analysts forecast that Exelixis Inc (EXEL) will achieve an EPS of $0.23 for the current quarter, $0.31 for the next quarter and $1.45 for 2025. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 90.69%, and 25.39% over the next financial year. EPS should grow at an annualized rate of 19.00% over the next five years, compared to -21.77% over the past 5-year period.

Looking at the support for the EXEL, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on December 19, 2023, with the firm’s price target at $27. Citigroup coverage for the Exelixis Inc (EXEL) stock in a research note released on December 15, 2023 offered a Buy rating with a price target of $31. H.C. Wainwright was of a view on September 26, 2023 that the stock is Buy, while Oppenheimer gave the stock Outperform rating on August 22, 2023, issuing a price target of $25- $29. SVB Securities on their part issued Market Perform rating on August 08, 2023.

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