Corcept Therapeutics Inc (NASDAQ: CORT) is 9.76% higher on its value in year-to-date trading and has touched a low of $20.84 and a high of $62.22 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 CORT stock was last observed hovering at around $54.44 in the last trading session, with the day’s gains setting it 0.87%.
Currently trading at $55.31, the stock is 6.68% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 1.60% at the moment leaves the stock 40.49% off its SMA200. CORT registered 122.84% gain for a year compared to 6-month gain of 66.15%. The firm has a 50-day simple moving average (SMA 50) of $54.957 and a 200-day simple moving average (SMA200) of $39.3692.
The stock witnessed a -0.22% loss in the last 1 month and extending the period to 3 months gives it a 17.01%, and is 10.95% 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 3.22% over the week and 3.86% over the month.
Corcept Therapeutics Inc (CORT) has around 352 employees, a market worth around $5.80B and $628.55M in sales. Current P/E ratio is 43.99 and Fwd P/E is 28.91. Profit margin for the company is 22.35%. Distance from 52-week low is 165.40% and -11.11% from its 52-week high. The company has generated returns on investments over the last 12 months (21.77%).
with sales reaching $198.88M over the same period.The EPS is expected to grow by 44.68% this year, but quarterly earnings will post 43.47% year-over-year. Quarterly sales are estimated to grow 46.88% in year-over-year returns.
Corcept Therapeutics Inc (CORT) Top Institutional Holders
428.0 institutions hold shares in Corcept Therapeutics Inc (CORT), with institutional investors hold 96.65% of the company’s shares. The shares outstanding are 104.70M, and float is at 90.25M with Short Float at 17.68%. Institutions hold 85.52% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.54 million shares valued at $537.36 million. The investor’s holdings represent 16.0901% of the CORT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.55 million shares valued at $310.4 million to account for 9.2943 of the shares outstanding. The other top investors are INGALLS & SNYDER LLC which holds 8.24 million shares representing 8.0144% and valued at over $267.66 million, while RENAISSANCE TECHNOLOGIES LLC holds 6.7249 of the shares totaling 6.91 million with a market value of $224.59 million.
Corcept Therapeutics Inc (CORT) Insider Activity
The most recent transaction is an insider sale by Swisher Daniel N JR, the company’s Director. SEC filings show that Swisher Daniel N JR sold 2,200 shares of the company’s common stock on Jan 10 ’25 at a price of $50.54 per share for a total of $0.11 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Jan 02 ’25, Maduck Sean disposed off 20,000 shares at an average price of $50.39 for $1.01 million. The insider now directly holds 85,318 shares of Corcept Therapeutics Inc (CORT).
