Exelixis Inc (NASDAQ: EXEL): Do Not Miss The Gain Train

Exelixis Inc (EXEL) concluded trading on Thursday at a closing price of $23.92, with 2.69 million shares of worth about $64.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.20% during that period and on March 21, 2024 the price saw a gain of about 0.89%. Currently the company’s common shares owned by public are about 302.79M shares, out of which, 294.82M shares are available for trading.

Stock saw a price change of 5.79% in past 5 days and over the past one month there was a price change of 15.44%. Year-to-date (YTD), EXEL shares are showing a performance of -0.29% which increased to 28.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.90 but also hit the highest price of $24.34 during that period. The average intraday trading volume for Exelixis Inc shares is 2.30 million. The stock is currently trading 6.88% above its 20-day simple moving average (SMA20), while that difference is up 9.10% for SMA50 and it goes to 12.14% higher than SMA200.

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Exelixis Inc (NASDAQ: EXEL) currently have 302.79M outstanding shares and institutions hold larger chunk of about 86.53% of that.

The stock has a current market capitalization of $7.25B and its 3Y-monthly beta is at 0.54. PE ratio of stock for trailing 12 months is 36.96, while it has posted earnings per share of $0.65 in the same period. Its PEG reads 1.95 and has Quick Ratio of 3.30 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXEL, volatility over the week remained 1.83% while standing at 2.03% over the month.

Analysts are in expectations that Exelixis Inc (EXEL) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is $0.31 and it is $1.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.11 which is $0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 90.67% while it is estimated to increase by 25.42% in next year. EPS is likely to grow at an annualized rate of 19.00% for next 5-years, compared to annual growth of -21.77% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on December 19, 2023 offering a Buy rating for the stock and assigned a target price of $27 to it. Coverage by Citigroup stated Exelixis Inc (EXEL) stock as a Buy in their note to investors on December 15, 2023, suggesting a price target of $31 for the stock. On September 26, 2023, H.C. Wainwright Initiated their recommendations, while on August 22, 2023, Oppenheimer Reiterated their ratings for the stock with a price target of $29. Stock get a Market perform rating from SVB Securities on August 08, 2023.

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