Arena Pharmaceuticals, Inc., a biopharmaceutical company, focuses on developing novel small molecule drugs for various therapeutic areas in the United States and Switzerland. Its proprietary investigational clinical programs include ralinepag (APD811), which is in Phase III trial to treat pulmonary arterial hypertension; etrasimod that is in Phase II trials for treating immune and inflammatory conditions with primary focus on ulcerative colitis and hepatic conditions, as well as for primary biliary cholangitis and pyoderma gangrenosum; and APD371, which is in Phase II trial for the treatment of pain associated with Crohn's disease. The company has collaboration agreements with Everest Medicines Limited; Axovant Sciences GmbH; Boehringer Ingelheim International GmbH; Eisai Co., Ltd.; and Eisai Inc. Arena Pharmaceuticals, Inc. was founded in 1997 and is based in San Diego, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:ARNA
Previous Symbol
CUSIP04004710
Phone858-453-7200
Debt
Debt-to-Equity Ratio0.10
Current Ratio26.08
Quick Ratio26.08
Price-To-Earnings
Trailing P/E Ratio-15.42
Forward P/E Ratio-13.93
P/E GrowthN/A
Sales & Book Value
Annual Sales$21.34 million
Price / Sales93.89
Cash FlowN/A
Price / Cash FlowN/A
Book Value$5.28 per share
Price / Book7.68
Profitability
EPS (Most Recent Fiscal Year)($2.63)
Net Income$-91,400,000.00
Net Margins-452.86%
Return on Equity-23.66%
Return on Assets-19.59%
Miscellaneous
Employees159
Outstanding Shares49,410,000
Market Cap$2.00 billion
OptionableOptionable
Arena Pharmaceuticals (NASDAQ:ARNA) Frequently Asked Questions
What is Arena Pharmaceuticals' stock symbol?
Arena Pharmaceuticals trades on the NASDAQ under the ticker symbol "ARNA."
When did Arena Pharmaceuticals' stock split? How did Arena Pharmaceuticals' stock split work?
Shares of Arena Pharmaceuticals reverse split on Monday, June 19th 2017. The 1-10 reverse split was announced on Wednesday, June 14th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, June 16th 2017. An investor that had 100 shares of Arena Pharmaceuticals stock prior to the reverse split would have 10 shares after the split.
How were Arena Pharmaceuticals' earnings last quarter?
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) released its quarterly earnings data on Wednesday, November, 7th. The biopharmaceutical company reported ($0.70) EPS for the quarter, beating the Zacks' consensus estimate of ($0.74) by $0.04. The biopharmaceutical company had revenue of $3.57 million for the quarter, compared to the consensus estimate of $2.29 million. Arena Pharmaceuticals had a negative return on equity of 23.66% and a negative net margin of 452.86%. The firm's quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.93) EPS. View Arena Pharmaceuticals' Earnings History.
When is Arena Pharmaceuticals' next earnings date?
What price target have analysts set for ARNA?
8 brokers have issued 1 year price objectives for Arena Pharmaceuticals' stock. Their predictions range from $56.00 to $79.00. On average, they expect Arena Pharmaceuticals' share price to reach $64.1250 in the next twelve months. This suggests a possible upside of 58.1% from the stock's current price. View Analyst Price Targets for Arena Pharmaceuticals.
What is the consensus analysts' recommendation for Arena Pharmaceuticals?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arena Pharmaceuticals in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Arena Pharmaceuticals.
What are Wall Street analysts saying about Arena Pharmaceuticals stock?
Here are some recent quotes from research analysts about Arena Pharmaceuticals stock:
- 1. Cantor Fitzgerald analysts commented, ": We reiterate our Overweight rating and $65 PT for ARNA stock. With convincing POC established for lead drug candidate ralinepag and encouraging data generated from the etrasimod and olorinab programs, we believe the ARNA stock narrative will shift to investors analyzing how the assets fit into the evolving treatment landscape. Particularly as it relates to the first two, we believe the assets should be viewed as potentially best in class." (11/7/2018)
- 2. Needham & Company LLC analysts commented, "Arena mgmt provided a corporate update today in a 4Q17 conference call. Mgmt reiterated guidance for top-line results from etrasimod Phase 2 trial in Ulcerative Colitis (UC) later this month. Preclinical and Phase 1 data suggest the drug has the potential for differentiation in the S1P receptor modulator space. We await outcome, maintaining HOLD. Mgmt also discussed ralinepag Phase 3 trial design in Pulmonary Arterial Hypertension (PAH). Three trials are planned, two of which mgmt believes are independently sufficient for regulatory approval. Mgmt plans to provide more details around cost and time to completion mid-2018 after protocols are finalized." (3/14/2018)
- 3. According to Zacks Investment Research, "Arena’s only approved product is Belviq, used for chronic weight management. Though it was the first obesity drug to be approved by the FDA in over a decade, is yet to impress with its performance. However, the company’s partnership agreements and efforts to improve the performance of the drug are impressive. We are also encouraged by the company’s cost-reduction initiatives to streamline the organization to support its development programs. Shares of the company have outperformed the industry in the last one year. On the flip side, Arena’s pipeline consists of early-to-mid stage candidates, still several years from commercialization. Plus, competition remains intense in the obesity market with both branded and generic players. " (3/9/2018)
Has Arena Pharmaceuticals been receiving favorable news coverage?
Headlines about ARNA stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Arena Pharmaceuticals earned a media sentiment score of 1.9 on InfoTrie's scale. They also gave news headlines about the biopharmaceutical company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the company's share price in the near future.
Who are some of Arena Pharmaceuticals' key competitors?
Some companies that are related to Arena Pharmaceuticals include Alnylam Pharmaceuticals (ALNY), Ionis Pharmaceuticals (IONS), Nektar Therapeutics (NKTR), Dr.Reddy's Laboratories (RDY), Alkermes (ALKS), Catalent (CTLT), Amneal Pharmaceuticals (AMRX), GALAPAGOS NV/S (GLPG), Amarin (AMRN), SAGE Therapeutics (SAGE), United Therapeutics (UTHR), HUTCHISON CHINA/S (HCM), Loxo Oncology (LOXO), TESARO (TSRO) and Taro Pharmaceutical Industries (TARO).
Who are Arena Pharmaceuticals' key executives?
Arena Pharmaceuticals' management team includes the folowing people:
- Mr. Kevin R. Lind, CFO & Exec. VP (Age 42)
- Mr. Steven W. Spector, Exec. VP, Gen. Counsel and Sec. (Age 53)
- Mr. Vincent E. Aurentz, Chief Bus. Officer & Exec. VP (Age 50)
- Dr. Preston S. Klassen, Chief Medical Officer and Exec. VP of R&D (Age 49)
- Mr. Amit D. Munshi, Chief Exec. Officer, Pres and Director (Age 50)
Who are Arena Pharmaceuticals' major shareholders?
Arena Pharmaceuticals' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.64%), Vanguard Group Inc. (9.45%), FMR LLC (5.98%), Partner Fund Management L.P. (5.52%), Perceptive Advisors LLC (2.77%) and Primecap Management Co. CA (2.00%). Company insiders that own Arena Pharmaceuticals stock include Amit Munshi and Steven W Spector. View Institutional Ownership Trends for Arena Pharmaceuticals.
Which major investors are selling Arena Pharmaceuticals stock?
ARNA stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Point72 Asset Management L.P., Marshall Wace North America L.P., Panagora Asset Management Inc., Man Group plc, Emerald Advisers Inc. PA, TIAA CREF Investment Management LLC and Teachers Advisors LLC. View Insider Buying and Selling for Arena Pharmaceuticals.
Which major investors are buying Arena Pharmaceuticals stock?
ARNA stock was purchased by a variety of institutional investors in the last quarter, including Partner Fund Management L.P., Primecap Management Co. CA, Perceptive Advisors LLC, Dimensional Fund Advisors LP, Vanguard Group Inc., Prosight Management LP, Credit Suisse AG and Candriam Luxembourg S.C.A.. View Insider Buying and Selling for Arena Pharmaceuticals.
How do I buy shares of Arena Pharmaceuticals?
Shares of ARNA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Arena Pharmaceuticals' stock price today?
One share of ARNA stock can currently be purchased for approximately $40.55.
How big of a company is Arena Pharmaceuticals?
Arena Pharmaceuticals has a market capitalization of $2.00 billion and generates $21.34 million in revenue each year. The biopharmaceutical company earns $-91,400,000.00 in net income (profit) each year or ($2.63) on an earnings per share basis. Arena Pharmaceuticals employs 159 workers across the globe.
What is Arena Pharmaceuticals' official website?
How can I contact Arena Pharmaceuticals?
Arena Pharmaceuticals' mailing address is 6154 Nancy Ridge Drive, San Diego CA, 92121. The biopharmaceutical company can be reached via phone at 858-453-7200 or via email at [email protected]
MarketBeat Community Rating for Arena Pharmaceuticals (NASDAQ ARNA)
MarketBeat's community ratings are surveys of what our community members think about Arena Pharmaceuticals and other stocks. Vote "Outperform" if you believe ARNA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARNA will underperform the S&P 500 over the long term. You may vote once every thirty days.
