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NASDAQ:CORTCorcept Therapeutics Stock Price, Forecast & News

$14.19
+0.07 (+0.50 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$14.06
Now: $14.19
$14.47
50-Day Range
$11.94
MA: $13.76
$15.75
52-Week Range
$9.70
Now: $14.19
$17.48
Volume802,226 shs
Average Volume981,000 shs
Market Capitalization$1.63 billion
P/E Ratio16.13
Dividend YieldN/A
Beta1.15
Corcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery. It is developing relacorilant that is in Phase III clinical trial to treat patients with Cushing's syndrome; and Abraxane in combination with relacorilant, which is in Phase II clinical trial to treat metastatic ovarian cancer, as well as in Phase I/II clinical trial for the treatment of solid tumors. The company is also developing selective cortisol modulator CORT125281 combined with Xtandi that is in open label Phase I/II trial to treat patients with metastatic castration-resistant prostate cancer; CORT118335 selective cortisol modulator for the treatment of antipsychotic-induced weight gain and non-alcoholic steatotic hepatitis; and FKBP5 gene expression assays. Corcept Therapeutics Incorporated was founded in 1998 and is headquartered in Menlo Park, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.46 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Current SymbolNASDAQ:CORT
CUSIP21835210
Phone650-327-3270

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$306.49 million
Cash Flow$0.85 per share
Book Value$3.25 per share

Profitability

Net Income$94.18 million

Miscellaneous

Employees166
Market Cap$1.63 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Corcept Therapeutics (NASDAQ:CORT) Frequently Asked Questions

How has Corcept Therapeutics' stock been impacted by COVID-19 (Coronavirus)?

Corcept Therapeutics' stock was trading at $10.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CORT stock has increased by 29.6% and is now trading at $14.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Corcept Therapeutics?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Corcept Therapeutics.

When is Corcept Therapeutics' next earnings date?

Corcept Therapeutics is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Corcept Therapeutics.

How were Corcept Therapeutics' earnings last quarter?

Corcept Therapeutics Incorporated (NASDAQ:CORT) announced its earnings results on Monday, May, 4th. The biotechnology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.03. The biotechnology company earned $93.25 million during the quarter, compared to analysts' expectations of $87.01 million. Corcept Therapeutics had a net margin of 31.64% and a return on equity of 30.00%. The firm's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. View Corcept Therapeutics' earnings history.

What guidance has Corcept Therapeutics issued on next quarter's earnings?

Corcept Therapeutics issued an update on its FY 2020 After-Hours earnings guidance on Monday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $355-375 million, compared to the consensus revenue estimate of $363.79 million.

What price target have analysts set for CORT?

3 brokers have issued 1-year price targets for Corcept Therapeutics' shares. Their forecasts range from $15.00 to $20.00. On average, they anticipate Corcept Therapeutics' stock price to reach $17.67 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price. View analysts' price targets for Corcept Therapeutics.

Has Corcept Therapeutics been receiving favorable news coverage?

Headlines about CORT stock have trended neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog 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. Corcept Therapeutics earned a coverage optimism score of 0.4 on InfoTrie's scale. They also assigned news coverage about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutCorcept Therapeutics.

Are investors shorting Corcept Therapeutics?

Corcept Therapeutics saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 21,980,000 shares, an increase of 5.5% from the April 15th total of 20,830,000 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 19.6 days. Currently, 21.3% of the shares of the company are sold short. View Corcept Therapeutics' Current Options Chain.

Who are some of Corcept Therapeutics' key competitors?

What other stocks do shareholders of Corcept Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corcept Therapeutics investors own include Micron Technology (MU), NVIDIA (NVDA), CA (CA), Advanced Micro Devices (AMD), Alibaba Group (BABA), BlackRock (BLK), AbbVie (ABBV), Netflix (NFLX), Energy Transfer LP Unit (ET) and Johnson & Johnson (JNJ).

Who are Corcept Therapeutics' key executives?

Corcept Therapeutics' management team includes the following people:
  • Dr. Joseph K. Belanoff, Co-Founder, Pres, CEO & Director (Age 62)
  • Mr. Gary Charles Robb, CFO & Sec. (Age 56)
  • Mr. Sean Maduck, Sr. VP of Commercial (Age 42)
  • Dr. Christopher Shayne James M.D., Director of Investor Relations
  • Dr. Hazel Hunt Ph.D., Sr. VP of Research

What is Corcept Therapeutics' stock symbol?

Corcept Therapeutics trades on the NASDAQ under the ticker symbol "CORT."

Who are Corcept Therapeutics' major shareholders?

Corcept Therapeutics' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.30%), Ingalls & Snyder LLC (6.98%), Federated Hermes Inc. (4.55%), State Street Corp (2.77%), Geode Capital Management LLC (1.29%) and Invesco Ltd. (1.19%). Company insiders that own Corcept Therapeutics stock include Daniel N Swisher Jr, G Leonard Baker Jr, Gary Charles Robb, Joseph K Belanoff, Robert S Fishman and Sean Maduck. View institutional ownership trends for Corcept Therapeutics.

Which institutional investors are selling Corcept Therapeutics stock?

CORT stock was sold by a variety of institutional investors in the last quarter, including Federated Hermes Inc., BlackRock Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, First Trust Advisors LP, Wellington Management Group LLP, and Engineers Gate Manager LP. Company insiders that have sold Corcept Therapeutics company stock in the last year include Daniel N Swisher Jr, and G Leonard Baker Jr. View insider buying and selling activity for Corcept Therapeutics.

Which institutional investors are buying Corcept Therapeutics stock?

CORT stock was purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Matarin Capital Management LLC, AJO LP, MERIAN GLOBAL INVESTORS UK Ltd, Oxford Financial Group Ltd., Aviva PLC, Schroder Investment Management Group, and Nuveen Asset Management LLC. View insider buying and selling activity for Corcept Therapeutics.

How do I buy shares of Corcept Therapeutics?

Shares of CORT 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, Robinhood, Fidelity, and Charles Schwab.

What is Corcept Therapeutics' stock price today?

One share of CORT stock can currently be purchased for approximately $14.19.

How big of a company is Corcept Therapeutics?

Corcept Therapeutics has a market capitalization of $1.63 billion and generates $306.49 million in revenue each year. The biotechnology company earns $94.18 million in net income (profit) each year or $0.77 on an earnings per share basis. Corcept Therapeutics employs 166 workers across the globe.

What is Corcept Therapeutics' official website?

The official website for Corcept Therapeutics is www.corcept.com.

How can I contact Corcept Therapeutics?

Corcept Therapeutics' mailing address is 149 COMMONWEALTH DRIVE, MENLO PARK CA, 94025. The biotechnology company can be reached via phone at 650-327-3270 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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