Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 188.60M common shares owned by the public and among those 187.99M shares have been available to trade.

The company’s stock has a 5-day price change of -17.16% and -16.35% over the past three months. BMRN shares are trading -27.55% year to date (YTD), with the 12-month market performance down to -20.32% 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 2.06 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 -21.33%, -19.37%, and -19.98% respectively.

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Institutional ownership of Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) shares accounts for 98.52% of the company’s 188.60M shares outstanding.

It has a market capitalization of $13.30B and a beta (3y monthly) value of 0.33. The stock’s trailing 12-month PE ratio is 52.74, while the earnings-per-share (ttm) stands at $1.32. The company has a PEG of 1.23 and a Quick Ratio of 1.95 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.75% over the week and 2.94% over the month.

Earnings per share for the fiscal year are expected to increase by 131.03%, and 57.45% over the next financial year.

Looking at the support for the BMRN, a number of firms have released research notes about the stock. Bernstein stated their Outperform rating for the stock in a research note on August 20, 2024, with the firm’s price target at $94-$110. Robert W. Baird coverage for the Biomarin Pharmaceutical Inc. (BMRN) stock in a research note released on May 17, 2024 offered a Neutral rating with a price target of $72. Evercore ISI was of a view on May 14, 2024 that the stock is Outperform, while Wells Fargo gave the stock Overweight rating on November 15, 2023, issuing a price target of $100. Bernstein on their part issued Mkt Perform rating on October 23, 2023.

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