An Important Check-Up On Eagle Pharmaceuticals Inc (NASDAQ: EGRX)

Eagle Pharmaceuticals Inc (EGRX) concluded trading on Wednesday at a closing price of $2.14, with 4.66 million shares of worth about $9.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.97% during that period and on October 02, 2024 the price saw a loss of about -39.89%. Currently the company’s common shares owned by public are about 12.99M shares, out of which, 11.43M shares are available for trading.

Stock saw a price change of -44.85% in past 5 days and over the past one month there was a price change of -54.08%. Year-to-date (YTD), EGRX shares are showing a performance of -59.08% which decreased to -85.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.21 but also hit the highest price of $15.69 during that period. The average intraday trading volume for Eagle Pharmaceuticals Inc shares is 105.08K. The stock is currently trading -47.15% below its 20-day simple moving average (SMA20), while that difference is down -51.71% for SMA50 and it goes to -56.02% lower than SMA200.

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Eagle Pharmaceuticals Inc (NASDAQ: EGRX) currently have 12.99M outstanding shares and institutions hold larger chunk of about 76.76% of that.

The stock has a current market capitalization of $27.80M and its 3Y-monthly beta is at 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EGRX, volatility over the week remained 17.64% while standing at 11.67% over the month.

EPS is likely to grow at an annualized rate of 2.70% for next 5-years, compared to annual growth of -3.56% 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 Piper Sandler on August 10, 2023 offering an Underweight rating for the stock and assigned a target price range of between $26 and $17 to it. Coverage by Piper Sandler stated Eagle Pharmaceuticals Inc (EGRX) stock as an Underweight in their note to investors on August 09, 2023, suggesting a price target of $17 for the stock. Stock get a Neutral rating from Piper Jaffray on October 31, 2018.

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