During Wednesday’s trade session, the Spectrum Pharmaceuticals, Inc. (NASDAQ:$SPPI) stock was trading at $20.67. This marked a 42.95% change. The 7,712,808 share daily volume compared favorably to the 1.30 million shares average daily volume.
The company is currently reporting a market cap of $1.38 billion, with 95.55 million shares outstanding. These shares represent shares of the stock that are presently held by shareholders and insiders, or in blocks owned by institutions. Institutional investors currently own 61.40% of the company’s stock, whereas insiders currently account for 0.80%. While there has been no change insider ownership over the past 6 months, institutional ownership has changed 0.03% during the last 3 months.
It is important to review historical performance when looking at a stock. Historical data can give investors an idea of how a stock may perform in the future. However, older historical data may not prove as more recent data, and it’s important to keep in mind that no amount of historical data can compensate for current market conditions or volatility.
In the last 5 trades stock observed a return of almost 2.92%. The stock had a return of 43.17% over the last month, 83.97% over the last quarter, and 226.41% for the last quarter year-to-date.
We can also take a quick look a the technical indicators. The company had an ATR of 0.66, a Relative Strength Index of 87.75, and a stock volatility of 4.97% for the week and 5.82% for the month. The company also was trading 34.92% below its 52 week high and 543.93% above its 52 week low.
Their last closing price was 60.27% away from its 20-day simple moving average, 88.65% away from its 50 day moving average, and 175.83% away from its 200 day moving average.
Finally, we can look at what analysts are saying. The company currently has a mean recommendation of 1.50, putting it in ‘Buy’ or ‘Strong-Buy’ range. Analysts have also assigned it an average target price of $19.00.
Featured Image: Depositphotos/© ginasanders
