Exelixis Inc (EXEL) Looks Ready for Growth Despite -15.01% Change This Year

Exelixis Inc (NASDAQ: EXEL) is -15.01% lower on its value in year-to-date trading and has touched a low of $16.15 and a high of $24.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EXEL stock was last observed hovering at around $20.22 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $20.39, the stock is -6.61% and -9.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing 0.84% at the moment leaves the stock -2.74% off its SMA200. EXEL registered 15.98% gain for a year compared to 6-month gain of -5.25%. The firm has a 50-day simple moving average (SMA 50) of $2.94 and a 200-day simple moving average (SMA200) of $27.35.

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The stock witnessed a -9.01% loss in the last 1 month and extending the period to 3 months gives it a -3.00%, and is -4.72% 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 2.89% over the week and 2.09% over the month.

Current P/E ratio is 31.50 and Fwd P/E is 13.46. Profit margin for the company is 11.35%. Distance from 52-week low is 26.29% and -16.23% from its 52-week high. The company has generated returns on investments over the last 12 months (8.47%).

Exelixis Inc quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $448.64M over the same period.The EPS is expected to grow by 86.61% this year, but quarterly earnings will post 3.90% year-over-year. Quarterly sales are estimated to grow 9.70% in year-over-year returns.

Exelixis Inc (EXEL) Top Institutional Holders

587 institutions hold shares in Exelixis Inc (EXEL), with institutional investors hold 91.64% of the company’s shares. The shares outstanding are 302.79M, and float is at 293.63M with Short Float at 2.49%. Institutions hold 89.69% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 35.39 million shares valued at $676.25 million. The investor’s holdings represent 11.11% of the EXEL Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 32.83 million shares valued at $627.36 million to account for 10.31% of the shares outstanding. The other top investors are Farallon Capital Management Llc which holds 25.86 million shares representing 8.12% and valued at over $494.18 million, while Renaissance Technologies, LLC holds 4.60% of the shares totaling 14.65 million with a market value of $279.92 million.

Exelixis Inc (EXEL) Insider Activity

A total of 25 insider transactions have happened at Exelixis Inc (EXEL) in the last six months, with sales accounting for 16 and purchases happening 9 times. The most recent transaction is an insider sale by Haley Patrick J.,the company’sEVP, Commercial. SEC filings show that Haley Patrick J. sold 50,000 shares of the company’s common stock on Dec 14 at a price of $23.35 per share for a total of $1.17 million. Following the sale, the insider now owns 0.31 million shares.

Exelixis Inc disclosed in a document filed with the SEC on Dec 13 that Hessekiel Jeffrey (EVP, General Counsel & Sec) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 13 and was made at $23.01 per share for $0.58 million. Following the transaction, the insider now directly holds 0.53 million shares of the EXEL stock.

Still, SEC filings show that on Dec 12, Haley Patrick J. (EVP, Commercial) disposed off 14,149 shares at an average price of $22.50 for $0.32 million. The insider now directly holds 307,687 shares of Exelixis Inc (EXEL).

Exelixis Inc (EXEL): Who are the competitors?

The company’s main competitors (and peers) include Johnson & Johnson (JNJ) that is trading -3.01% down over the past 12 months. Rogers Corp. (ROG) that is -17.58% lower over the same period.