In yesterday’s Wall Street session, Royalty Pharma plc (NASDAQ:RPRX) shares traded at $27.97, down -0.07% from the previous session.
RPRX stock price is now -4.21% away from the 50-day moving average and -2.48% away from the 200-day moving average. The market capitalization of the company currently stands at $12.61B.
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On May 13, 2022, Scotiabank recently initiated its ‘Sector Outperform’ rating on the stock quoting a target price of $53, while ‘Goldman’ rates the stock as ‘Buy’
In other news, RIGGS RORY B, Director sold 35,702 shares of the company’s stock on Jan 04 ’24. The stock was sold for $983,504 at an average price of $27.55. Upon completion of the transaction, the Director now directly owns 20,099 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03 ’24, Director RIGGS RORY B sold 199,098 shares of the business’s stock. A total of $5,532,276 was realized by selling the stock at an average price of $27.79. This leaves the insider owning 55,801 shares of the company worth $1.56 million. A total of 15.07% of the company’s stock is owned by insiders.
During the past 12 months, Royalty Pharma plc has had a low of $25.92 and a high of $35.52. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 7.90, and a quick ratio of 7.90.
According to the Biotechnology Company, earnings per share came in at 1.6, beating analysts’ expectations of 1.27 by 0.33. This compares to -$0.86 EPS in the same period last year. The net profit margin was 48.18% and return on equity was 18.68% for RPRX. The company reported revenue of $596.07 million for the quarter, compared to $565.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.36 percent. For the current quarter, analysts expect RPRX to generate $663.22M in revenue.
