While Ionis Pharmaceuticals Inc has underperformed by -1.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IONS fell by -20.66%, with highs and lows ranging from $54.44 to $35.95, whereas the simple moving average fell by -13.65% in the last 200 days.
On August 02, 2024, BMO Capital Markets Downgraded Ionis Pharmaceuticals Inc (NASDAQ: IONS) to Market Perform. A report published by Leerink Partners on July 24, 2024, Upgraded its rating to ‘Outperform’ for IONS. Jefferies also rated IONS shares as ‘Buy’, setting a target price of $75 on the company’s shares in an initiating report dated July 16, 2024. Wolfe Research April 10, 2024d its ‘Peer Perform’ rating to ‘Outperform’ for IONS, as published in its report on April 10, 2024. BofA Securities’s report from January 02, 2024 suggests a price prediction of $62 for IONS shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Ionis Pharmaceuticals Inc (IONS)
Further, the quarter-over-quarter increase in sales is 19.55%, showing a positive trend in the upcoming months.
Ionis Pharmaceuticals Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -105.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.51, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and IONS is registering an average volume of 1.58M. On a monthly basis, the volatility of the stock is set at 2.62%, whereas on a weekly basis, it is put at 2.88%, with a gain of 1.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $61.32, showing growth from the present price of $38.49, which can serve as yet another indication of whether IONS is worth investing in or should be passed over.
How Do You Analyze Ionis Pharmaceuticals Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.71%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.04% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IONS shares are owned by institutional investors to the tune of 90.04% at present.
