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Pharming Group (NASDAQ:PHAR) Sees Strong Trading Volume - Should You Buy?

Pharming Group logo with Medical background

Key Points

  • Pharming Group shares experienced a significant increase in trading volume, with approximately 15,936 shares traded, marking a 113% rise from the previous session.
  • The company's stock rating has recently been downgraded from "strong-buy" to "hold" by Zacks Research, while the average target price remains high at $30.00 despite current stock trading at $14.68.
  • Pharming Group reported a revenue of $93.20 million in its last quarterly earnings, surpassing estimates significantly, although it has a negative net margin and return on equity.
  • MarketBeat previews top five stocks to own in November.

Pharming Group N.V. Sponsored ADR (NASDAQ:PHAR - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 15,936 shares were traded during trading, an increase of 113% from the previous session's volume of 7,471 shares.The stock last traded at $14.68 and had previously closed at $15.38.

Analyst Ratings Changes

A number of research analysts recently issued reports on PHAR shares. Zacks Research downgraded shares of Pharming Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Weiss Ratings restated a "sell (d+)" rating on shares of Pharming Group in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pharming Group presently has an average rating of "Hold" and an average price target of $30.00.

Get Our Latest Report on Pharming Group

Pharming Group Stock Down 3.2%

The company has a debt-to-equity ratio of 0.38, a current ratio of 2.79 and a quick ratio of 2.07. The business's fifty day simple moving average is $13.54 and its two-hundred day simple moving average is $11.07. The company has a market cap of $1.02 billion, a PE ratio of -114.58 and a beta of 0.04.

Pharming Group (NASDAQ:PHAR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.16. Pharming Group had a negative net margin of 2.19% and a negative return on equity of 3.31%. The company had revenue of $93.20 million during the quarter, compared to analysts' expectations of $70.36 million. Pharming Group has set its FY 2025 guidance at EPS. On average, analysts predict that Pharming Group N.V. Sponsored ADR will post -0.2 earnings per share for the current year.

Institutional Trading of Pharming Group

A hedge fund recently raised its stake in Pharming Group stock. Silverberg Bernstein Capital Management LLC lifted its stake in shares of Pharming Group N.V. Sponsored ADR (NASDAQ:PHAR - Free Report) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,147 shares of the company's stock after purchasing an additional 4,150 shares during the period. Silverberg Bernstein Capital Management LLC owned about 0.08% of Pharming Group worth $557,000 as of its most recent filing with the Securities & Exchange Commission. 0.03% of the stock is currently owned by institutional investors.

About Pharming Group

(Get Free Report)

Pharming Group N.V., a biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally. The company offers RUCONEST, a recombinant C1 esterase inhibitor for the treatment of acute attacks in adult and adolescent patients with acute hereditary angioedema (HAE); and Joenja (leniolisib), an oral small molecule PI3K? inhibitor for the treatment of activated phosphoinositide 3-kinase delta syndrome.

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