Vertex Pharmaceuticals, Inc (NASDAQ: VRTX) is 16.98% higher on its value in year-to-date trading and has touched a low of $341.90 and a high of $510.64 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 VRTX stock was last observed hovering at around $475.08 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $475.98, the stock is 0.24% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.19% at the moment leaves the stock 5.65% off its SMA200. VRTX registered 31.45% gain for a year compared to 6-month gain of 18.95%. The firm has a 50-day simple moving average (SMA 50) of $474.4148 and a 200-day simple moving average (SMA200) of $450.5263.
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The stock witnessed a 2.99% loss in the last 1 month and extending the period to 3 months gives it a -3.74%, and is 0.86% 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 1.41% over the week and 1.88% over the month.
Vertex Pharmaceuticals, Inc (VRTX) has around 5400 employees, a market worth around $122.85B and $10.32B in sales. Fwd P/E is 25.35. Profit margin for the company is -4.75%. Distance from 52-week low is 39.22% and -6.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.12%).
The EPS is expected to shrink by -97.87% this year
2212.0 institutions hold shares in Vertex Pharmaceuticals, Inc (VRTX), with institutional investors hold 95.69% of the company’s shares. The shares outstanding are 257.70M, and float is at 257.44M with Short Float at 1.67%. Institutions hold 95.61% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 26.71 million shares valued at $12.52 billion. The investor’s holdings represent 10.3439 of the VRTX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 22.98 million shares valued at $10.77 billion to account for 8.8983 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 21.31 million shares representing 8.2542 and valued at over $9.99 billion, while STATE STREET CORP holds 4.5415 of the shares totaling 11.73 million with a market value of $5.5 billion.
Vertex Pharmaceuticals, Inc (VRTX) Insider Activity
The most recent transaction is an insider sale by Biller Jonathan, the company’s EVP and Chief Legal Officer. SEC filings show that Biller Jonathan sold 999 shares of the company’s common stock on Oct 02 ’24 at a price of $461.66 per share for a total of $0.46 million. Following the sale, the insider now owns 16651.0 shares.
Still, SEC filings show that on Aug 30 ’24, LEIDEN JEFFREY M (Executive Chairman) disposed off 3,784 shares at an average price of $499.00 for $1.89 million. The insider now directly holds 9,994 shares of Vertex Pharmaceuticals, Inc (VRTX).
