What should you know before buying stock in Spectrum Pharmaceuticals Inc. (SPPI)

Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) is -6.32% lower on its value in year-to-date trading and has touched a low of $1.74 and a high of $5.24 in the current 52-week trading range. The SPPI stock was last observed hovering at around $3.60 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $12.00 for the next 12 months. It is also 77.27% off the consensus price target high of $15.00 offered by 6 analysts, but current levels are 31.8% higher than the price target low of $5.00 for the same period.


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Currently trading at $3.41, the stock is -22.96% and -17.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing -5.28% at the moment leaves the stock -3.85% off its SMA200. SPPI registered -1.16% loss for a year compared to 6-month gain of -0.58%. The firm has a 50-day simple moving average (SMA 50) of $4.3906 and a 200-day simple moving average (SMA200) of $3.9017.

The stock witnessed a -26.19% loss in the last 1 month and extending the period to 3 months gives it a -18.23%, and is -11.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.19% over the week and 6.38% over the month.

Distance from 52-week low is 95.73% and -34.92% from its 52-week high.

Spectrum Pharmaceuticals Inc. (SPPI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Spectrum Pharmaceuticals Inc. (SPPI) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Spectrum Pharmaceuticals Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.29.The EPS is expected to grow by 0.20% this year.

Spectrum Pharmaceuticals Inc. (SPPI) Top Institutional Holders

236 institutions hold shares in Spectrum Pharmaceuticals Inc. (SPPI), with 2.21M shares held by insiders accounting for 1.53% while institutional investors hold 68.31% of the company’s shares. The shares outstanding are 145.92M, and float is at 134.53M with Short Float at 7.75%. Institutions hold 67.27% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 26.47 million shares valued at $107.99 million. The investor’s holdings represent 18.14% of the SPPI Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.5 million shares valued at $46.91 million to account for 7.88% of the shares outstanding. The other top investors are Armistice Capital, LLC which holds 7.57 million shares representing 5.19% and valued at over $30.89 million, while State Street Corporation holds 4.71% of the shares totaling 6.88 million with a market value of $28.07 million.

Spectrum Pharmaceuticals Inc. (SPPI) Insider Activity

The most recent transaction is an insider sale by Turgeon Joseph W., the company’s CEO & President. SEC filings show that Turgeon Joseph W. sold 150,899 shares of the company’s common stock on Dec 16 at a price of $4.70 per share for a total of $0.71 million. Following the sale, the insider now owns 0.38 million shares.

Spectrum Pharmaceuticals Inc. disclosed in a document filed with the SEC on Dec 14 that GUSTAFSON KURT A (EVP & Chief Financial Officer) sold a total of 25,696 shares of the company’s common stock. The trade occurred on Dec 14 and was made at $5.00 per share for $0.13 million. Following the transaction, the insider now directly holds 0.34 million shares of the SPPI stock.

Still, SEC filings show that on Nov 18, Turgeon Joseph W. (CEO & President) disposed off 162,473 shares at an average price of $4.13 for $0.67 million. The insider now directly holds 528,661 shares of Spectrum Pharmaceuticals Inc. (SPPI).

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Spectrum Pharmaceuticals Inc. (SPPI): Who are the competitors?

The company’s main competitors (and peers) include Biogen Inc. (BIIB) that is trading -17.48% down over the past 12 months. Bristol-Myers Squibb Company (BMY) is -2.07% down on the 1-year trading charts. Short interest in the company’s stock has fallen -10.35% from the last report on Nov 12, 2020 to stand at a total of 11.51 million short shares sold with a short interest ratio of 6.93.

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