La Jolla Pharmaceutical Company (LJPC) – The 57.08% Upside Potential Remains

La Jolla Pharmaceutical Company (NASDAQ: LJPC) is 1.55% higher on its value in year-to-date trading and has touched a low of $3.36 and a high of $9.38 in the current 52-week trading range. The LJPC stock was last observed hovering at around $3.94 in the last trading session, with the day’s gains setting it 1.21% off its average median price target of $12.00 for the next 12 months. It is also 74.25% off the consensus price target high of $20.00 offered by 2 analysts, but current levels are -28.75% lower than the price target low of $4.00 for the same period.


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Currently trading at $5.15, the stock is 22.53% and 19.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.35 million and changing 30.71% at the moment leaves the stock 7.38% off its SMA200. LJPC registered -34.33% loss for a year compared to 6-month gain of -4.83%. The firm has a 50-day simple moving average (SMA 50) of $4.43 and a 200-day simple moving average (SMA200) of $4.20.

The stock witnessed a -13.02% loss in the last 1 month and extending the period to 3 months gives it a -3.67%, and is -3.43% 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 5.38% over the week and 5.70% over the month.

La Jolla Pharmaceutical Company (LJPC) has around 90 employees, a market worth around $108.63M and $29.70M in sales. Distance from 52-week low is 53.42% and -45.10% from its 52-week high. The company has generated returns on investments over the last 12 months (183.30%).

La Jolla Pharmaceutical Company (LJPC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for La Jolla Pharmaceutical Company (LJPC) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.30, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

La Jolla Pharmaceutical Company is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.35 with sales reaching $10.89M over the same period.The EPS is expected to grow by 45.20% this year, but quarterly earnings will post 44.70% year-over-year. Quarterly sales are estimated to grow 50.20% in year-over-year returns.

La Jolla Pharmaceutical Company (LJPC) Top Institutional Holders

100 institutions hold shares in La Jolla Pharmaceutical Company (LJPC), with 398.94k shares held by insiders accounting for 1.46% while institutional investors hold 89.30% of the company’s shares. The shares outstanding are 27.37M, and float is at 26.98M with Short Float at 10.85%. Institutions hold 88.00% of the Float.

The top institutional shareholder in the company is Tang Capital Management, LLC with over 9.41 million shares valued at $37.9 million. The investor’s holdings represent 34.35% of the LJPC Shares outstanding. As of Sep 29, 2020, the second largest holder is RTW Investments LP with 2.4 million shares valued at $9.65 million to account for 8.75% of the shares outstanding. The other top investors are Blackrock Inc. which holds 1.44 million shares representing 5.26% and valued at over $5.81 million, while Vanguard Group, Inc. (The) holds 3.89% of the shares totaling 1.07 million with a market value of $4.3 million.

La Jolla Pharmaceutical Company (LJPC) Insider Activity

A total of 41 insider transactions have happened at La Jolla Pharmaceutical Company (LJPC) in the last six months, with sales accounting for 0 and purchases happening 41 times. The most recent transaction is an insider purchase by TANG KEVIN C, the company’s Director. SEC filings show that TANG KEVIN C bought 126,665 shares of the company’s common stock on Sep 09 at a price of $4.03 per share for a total of $0.51 million. Following the purchase, the insider now owns 9.41 million shares.

La Jolla Pharmaceutical Company disclosed in a document filed with the SEC on Sep 08 that RAMSAY DAVID A (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Sep 08 and was made at $3.83 per share for $3830.0. Following the transaction, the insider now directly holds 48000.0 shares of the LJPC stock.

Still, SEC filings show that on Sep 08, TANG KEVIN C (Director) acquired 84,152 shares at an average price of $3.90 for $0.33 million. The insider now directly holds 9,278,825 shares of La Jolla Pharmaceutical Company (LJPC).

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La Jolla Pharmaceutical Company (LJPC): Who are the competitors?

The company’s main competitors (and peers) include Intercept Pharmaceuticals Inc. (ICPT) that is trading -72.89% down over the past 12 months. BioCryst Pharmaceuticals Inc. (BCRX) is 136.91% up on the 1-year trading charts. Short interest in the company’s stock has fallen -8.53% from the last report on Nov 12, 2020 to stand at a total of 3.18 million short shares sold with a short interest ratio of 15.05.

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