Citigroup raised the price target for the Mirum Pharmaceuticals Inc. (NASDAQ:MIRM) stock to “a Buy”. The rating was released on September 01, 2022, according to finviz. The research report from Raymond James has upgraded the stock from Outperform to Strong Buy, with a price target set at $48. The stock was initiated by H.C. Wainwright, who disclosed in a research note on August 03, 2020, to Buy and set the price objective to $52. In their research brief published July 31, 2020, Piper Sandler analysts initiated the Mirum Pharmaceuticals Inc. stock to Overweight with a price target of $77.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Mirum Pharmaceuticals Inc. (NASDAQ:MIRM) dipped -1.03% to close Friday’s market session at $23.04, lower as compared to yesterday’s close. The stock price fluctuated between $22.52 and $23.28 throughout the trading session with the volume trading being 932833 shares, which represented a significant variation when compared to the three months average volume of 303.09K shares. The firm’s stock price fluctuated 3.32% within the last five trades and 2.13% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 0.52% in the last 6 months and 27.86% was added to its value over the previous 3 months. MIRM stock is trading at a margin of -1.57%, 1.11% and 4.46% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, MIRM deals in the Healthcare domain. The stock is trading -24.57 percent below its 52-week high and 33.06 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 1.27. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Mirum Pharmaceuticals Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $896.03 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 11.62 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.98, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.70 percent of Mirum Pharmaceuticals Inc. shares are owned by insiders, and 94.80 percent are held by financial institutions. O’Donnell Niall, the Director at Mirum Pharmaceuticals Inc. (MIRM) has sold 93,770 shares of firm on Nov 15 at a price of $19.69 against the total amount of $1.85 million. In another inside trade, O’Donnell Niall, Director of Mirum Pharmaceuticals Inc. (NASDAQ:MIRM) sold 32,109 shares of the firm on Nov 14 for a total worth of $0.63 million at a price of $19.60. An inside trade which took place on Nov 11, Director of Mirum Pharmaceuticals Inc. O’Donnell Niall sold 174,121 shares of firm against total price of $3.48 million at the cost of $19.99 per share.