Biomarin Pharmaceutical Inc (NASDAQ: BMRN) is -30.86% lower on its value in year-to-date trading and has touched a low of $65.35 and a high of $99.56 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 BMRN stock was last observed hovering at around $66.13 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $66.66, the stock is -2.05% and -6.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 0.80% at the moment leaves the stock -18.55% off its SMA200. BMRN registered -20.06% loss for a year compared to 6-month loss of -17.09%. The firm has a 50-day simple moving average (SMA 50) of $71.2374 and a 200-day simple moving average (SMA200) of $81.8429.
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The stock witnessed a -5.39% gain in the last 1 month and extending the period to 3 months gives it a -25.25%, and is 0.77% 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 1.76% over the week and 1.95% over the month.
Biomarin Pharmaceutical Inc (BMRN) has around 3401 employees, a market worth around $12.70B and $2.75B in sales. Current P/E ratio is 40.14 and Fwd P/E is 21.32. Profit margin for the company is 11.73%. Distance from 52-week low is 2.00% and -33.05% from its 52-week high. The company has generated returns on investments over the last 12 months (5.36%).
The EPS is expected to grow by 149.78% this year
832.0 institutions hold shares in Biomarin Pharmaceutical Inc (BMRN), with institutional investors hold 99.93% of the company’s shares. The shares outstanding are 188.60M, and float is at 188.17M with Short Float at 2.86%. Institutions hold 99.05% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 22.74 million shares valued at $1.87 billion. The investor’s holdings represent 12.0394 of the BMRN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 18.99 million shares valued at $1.56 billion to account for 10.0569 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 18.79 million shares representing 9.9489 and valued at over $1.55 billion, while DODGE & COX holds 7.3759 of the shares totaling 13.93 million with a market value of $1.15 billion.
Biomarin Pharmaceutical Inc (BMRN) Insider Activity
Biomarin Pharmaceutical Inc disclosed in a document filed with the SEC on Aug 13 ’24 that Burkhart Erin (GVP, Chief Accounting Officer) sold a total of 714 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $90.00 per share for $64260.0. Following the transaction, the insider now directly holds 14449.0 shares of the BMRN stock.
Still, SEC filings show that on Aug 13 ’24, Burkhart Erin (Officer) Proposed Sale 714 shares at an average price of $90.00 for $64260.0. The insider now directly holds shares of Biomarin Pharmaceutical Inc (BMRN).
