Oramed Pharmaceuticals (NASDAQ:ORMP) posted its quarterly earnings results on Monday. The biotechnology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06), Fidelity Earnings reports. Oramed Pharmaceuticals had a negative return on equity of 33.78% and a negative net margin of 822.72%.
Shares of NASDAQ:ORMP traded down $0.03 during trading on Wednesday, reaching $12.02. 4,020 shares of the stock were exchanged, compared to its average volume of 731,997. Oramed Pharmaceuticals has a 12 month low of $4.24 and a 12 month high of $31.54. The firm has a market cap of $457.79 million, a PE ratio of -15.45 and a beta of 1.77. The stock has a 50-day moving average price of $18.65 and a 200-day moving average price of $18.47.
A number of equities analysts recently commented on ORMP shares. HC Wainwright reiterated a “buy” rating and set a $32.00 price target (up previously from $17.00) on shares of Oramed Pharmaceuticals in a report on Monday, November 29th. Alliance Global Partners lifted their price target on Oramed Pharmaceuticals from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 9th. They noted that the move was a valuation call. Finally, Aegis boosted their price objective on Oramed Pharmaceuticals from $20.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oramed Pharmaceuticals currently has an average rating of “Buy” and an average target price of $34.25.
Oramed Pharmaceuticals Company Profile
Oramed Pharmaceuticals, Inc engages in the provision of oral delivery solutions for drugs delivered via injection. It focuses in the research and development of pharmaceutical solutions, including an oral insulin capsule to be used for the treatment of individuals with diabetes, and the use of orally ingestible capsules or pills for delivery of other polypeptides.
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