Royalty Pharma plc (NASDAQ: RPRX) is 4.84% higher on its value in year-to-date trading and has touched a low of $25.92 and a high of $36.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RPRX stock was last observed hovering at around $29.72 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $29.45, the stock is -1.48% and -1.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -0.91% at the moment leaves the stock 1.77% off its SMA200. RPRX registered -18.89% loss for a year compared to 6-month gain of 10.01%. The firm has a 50-day simple moving average (SMA 50) of $7.67 and a 200-day simple moving average (SMA200) of $9.57.
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The stock witnessed a -2.09% loss in the last 1 month and extending the period to 3 months gives it a 3.95%, and is 2.26% up 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 2.05% over the week and 1.78% over the month.
Royalty Pharma plc (RPRX) has around 89 employees, a market worth around $13.16B and $2.35B in sales. Current P/E ratio is 11.62 and Fwd P/E is 7.04. Profit margin for the company is 48.18%. Distance from 52-week low is 13.62% and -19.83% from its 52-week high. The company has generated returns on investments over the last 12 months (8.96%).
Royalty Pharma plc quarterly earnings per share for the current quarter are estimated at $0.95 with sales reaching $665.57M over the same period.The EPS is expected to shrink by -12.94% this year, but quarterly earnings will post 11.30% year-over-year. Quarterly sales are estimated to shrink -22.00% in year-over-year returns.
605 institutions hold shares in Royalty Pharma plc (RPRX), with institutional investors hold 74.81% of the company’s shares. The shares outstanding are 446.69M, and float is at 378.53M with Short Float at 3.27%. Institutions hold 71.95% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 47.43 million shares valued at $1.46 billion. The investor’s holdings represent 10.57% of the RPRX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 38.85 million shares valued at $1.19 billion to account for 8.65% of the shares outstanding. The other top investors are FMR, LLC which holds 33.88 million shares representing 7.55% and valued at over $1.04 billion, while Blackrock Inc. holds 4.62% of the shares totaling 20.74 million with a market value of $637.59 million.
Royalty Pharma plc (RPRX) Insider Activity
The most recent transaction is an insider sale by RIGGS RORY B, the company’s Director. SEC filings show that RIGGS RORY B sold 35,702 shares of the company’s common stock on Jan 04 ’24 at a price of $27.55 per share for a total of $0.98 million. Following the sale, the insider now owns 20099.0 shares.
Royalty Pharma plc disclosed in a document filed with the SEC on Jan 03 ’24 that RIGGS RORY B (Director) sold a total of 199,098 shares of the company’s common stock. The trade occurred on Jan 03 ’24 and was made at $27.79 per share for $5.53 million. Following the transaction, the insider now directly holds 55801.0 shares of the RPRX stock.
Still, SEC filings show that on Jan 02 ’24, RIGGS RORY B (Director) disposed off 235,200 shares at an average price of $28.52 for $6.71 million. The insider now directly holds 254,899 shares of Royalty Pharma plc (RPRX).
