Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) – Suitable For Long Term Buy?

Currently, there are 188.60M common shares owned by the public and among those 186.28M shares have been available to trade.

The company’s stock has a 5-day price change of -0.55% and -0.39% over the past three months. BMRN shares are trading -13.11% year to date (YTD), with the 12-month market performance down to -13.04% lower. It has a 12-month low price of $73.68 and touched a high of $99.56 over the same period. BMRN has an average intraday trading volume of 2.09 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 4.95%, 1.45%, and -4.08% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) shares accounts for 99.38% of the company’s 188.60M shares outstanding.

It has a market capitalization of $15.91B and a beta (3y monthly) value of 0.32. The stock’s trailing 12-month PE ratio is 78.41, while the earnings-per-share (ttm) stands at $1.07. The company has a PEG of 1.82 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 2.47% over the month.

Earnings per share for the fiscal year are expected to increase by 106.06%, and 59.30% over the next financial year.

Looking at the support for the BMRN, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on May 17, 2024, with the firm’s price target at $104-$72. Evercore ISI coverage for the Biomarin Pharmaceutical Inc. (BMRN) stock in a research note released on May 14, 2024 offered a Outperform rating with a price target of $113. Wells Fargo was of a view on November 15, 2023 that the stock is Overweight, while Bernstein gave the stock Mkt Perform rating on October 23, 2023, issuing a price target of $82. Raymond James on their part issued Mkt Perform rating on September 28, 2023.

Most Popular

Related Posts