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NASDAQ:DRRXDURECT Stock Price, Forecast & News

$2.45
0.00 (0.00 %)
(As of 06/2/2020 01:52 PM ET)
Add
Compare
Today's Range
$2.36
Now: $2.45
$2.49
50-Day Range
$1.75
MA: $2.20
$2.73
52-Week Range
$0.50
Now: $2.45
$3.95
Volume21,591 shs
Average Volume1.21 million shs
Market Capitalization$480.25 million
P/E RatioN/A
Dividend YieldN/A
Beta2.2
DURECT Corporation, a biopharmaceutical company, researches and develops medicines based on its epigenetic regulator and pharmaceutical programs. The company offers ALZET product line that consists of osmotic pumps and accessories used for experimental research in mice, rats, and other laboratory animals; and a range of biodegradable polymers for pharmaceutical and medical device clients for use as raw materials in their products under the LACTEL brand. Its product pipeline consists of multiple investigational drug candidates in development, such as DUR-928, an endogenous, orally bioavailable small molecule that is in Phase I and II development stage to play a regulatory role in lipid homeostasis, inflammation, and cell survival. The company's oral and injectable delivery technologies are designed to enable new indications and enhanced attributes for small-molecule and biologic drugs, including POSIMIR, an investigational analgesic product intended to deliver bupivacaine to provide up to 3 days of pain relief after surgery. DURECT Corporation markets and sells its ALZET and LACTEL product lines through direct sales force in the United States, as well as through a network of distributors in Japan, Europe, and internationally. The company has strategic collaboration and other agreements with Virginia Commonwealth University Intellectual Property Foundation; Indivior UK Ltd.; Santen Pharmaceutical Co., Ltd.; Sandoz AG; and Zogenix, Inc. DURECT Corporation was founded in 1998 and is headquartered in Cupertino, California.
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DURECT logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:DRRX
CUSIPN/A
Phone408-777-1417

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$29.56 million
Book Value$0.12 per share

Profitability

Net Income$-20,580,000.00

Miscellaneous

Employees88
Market Cap$480.25 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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DURECT (NASDAQ:DRRX) Frequently Asked Questions

How has DURECT's stock been impacted by COVID-19 (Coronavirus)?

DURECT's stock was trading at $1.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DRRX stock has increased by 47.9% and is now trading at $2.44. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of DURECT?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DURECT in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for DURECT.

When is DURECT's next earnings date?

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

How were DURECT's earnings last quarter?

DURECT Co. (NASDAQ:DRRX) announced its quarterly earnings results on Monday, May, 11th. The specialty pharmaceutical company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.01. The specialty pharmaceutical company earned $2.78 million during the quarter, compared to the consensus estimate of $4.74 million. DURECT had a negative net margin of 82.94% and a negative return on equity of 114.36%. View DURECT's earnings history.

What price target have analysts set for DRRX?

5 equities research analysts have issued 12-month target prices for DURECT's stock. Their forecasts range from $2.10 to $6.00. On average, they expect DURECT's stock price to reach $4.53 in the next year. This suggests a possible upside of 85.5% from the stock's current price. View analysts' price targets for DURECT.

What are Wall Street analysts saying about DURECT stock?

Here are some recent quotes from research analysts about DURECT stock:
  • 1. According to Zacks Investment Research, "Durect Corp. is pioneering the treatment of chronic diseases and conditions by developing and commercializing pharmaceutical systems to deliver the right drug to the right place in the right amount at the right time. Its pharmaceutical systems combine engineering innovations and delivery technology from the medical device and drug delivery industries with its proprietary pharmaceutical and biotechnology drug formulations. " (5/8/2020)
  • 2. HC Wainwright analysts commented, "Recently Signed Gilead Partnership Yields First $10M Milestone; Affirm Buy Gilead rapidly advances long-acting injectible HIV drug based on SABER agreement. Yesterday, DURECT announced that it has earned a $10M milestone payment from Gilead (GILD; not rated) related to the further development of an investigational injectable HIV product utilizing DURECT’s SABER technology, as part of a license agreement that was announced in July 2019. In addition to the $25M upfront payment already received, remaining milestones include the potential for up to an additional $65M in development and regulatory milestones, up to an additional $70M in sales-based milestones, as well as tiered royalties on product sales." (9/10/2019)

Has DURECT been receiving favorable news coverage?

Media coverage about DRRX stock has trended very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. DURECT earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned media stories about the specialty pharmaceutical company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutDURECT.

Who are some of DURECT's key competitors?

What other stocks do shareholders of DURECT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DURECT investors own include Novavax (NVAX), Cassava Sciences (SAVA), Catalyst Pharmaceuticals (CPRX), Gilead Sciences (GILD), Amarin (AMRN), Geron (GERN), Immunomedics (IMMU), Progenics Pharmaceuticals (PGNX), Verastem (VSTM) and Inovio Pharmaceuticals (INO).

Who are DURECT's key executives?

DURECT's management team includes the following people:
  • Dr. James E. Brown, Co-Founder, CEO, Pres & Director (Age 62)
  • Mr. Matthew J. Hogan, CFO & Sec. (Age 59)
  • Ms. Judy R. Joice, Sr. VP of Operations & Corp. Quality Assurance (Age 62)
  • Mr. Michael H. Arenberg, Chief Financial Officer (Age 49)
  • Dr. John W. Gibson B.S., M.S., VP of Birmingham Operations & Principal Scientist

What is DURECT's stock symbol?

DURECT trades on the NASDAQ under the ticker symbol "DRRX."

Who are DURECT's major shareholders?

DURECT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.84%), Beirne Wealth Consulting Services LLC (0.98%), Geode Capital Management LLC (0.84%), Acadian Asset Management LLC (0.64%), Gagnon Securities LLC (0.57%) and Two Sigma Investments LP (0.51%). Company insiders that own DURECT stock include First Eagle Investment Managem, James E Brown, Jon S Saxe, Lp Bleichroeder and Michael Arenberg. View institutional ownership trends for DURECT.

Which institutional investors are selling DURECT stock?

DRRX stock was sold by a variety of institutional investors in the last quarter, including Bleichroeder LP, Raymond James & Associates, Alpine Global Management LLC, Gagnon Securities LLC, Ironwood Investment Management LLC, Bank of New York Mellon Corp, State Street Corp, and Cowen Prime Services LLC. View insider buying and selling activity for DURECT.

Which institutional investors are buying DURECT stock?

DRRX stock was bought by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Two Sigma Advisers LP, Beirne Wealth Consulting Services LLC, Jane Street Group LLC, Two Sigma Investments LP, Morgan Stanley, Geode Capital Management LLC, and Acadian Asset Management LLC. Company insiders that have bought DURECT stock in the last two years include First Eagle Investment Managem, James E Brown, Jon S Saxe, Lp Bleichroeder, and Michael Arenberg. View insider buying and selling activity for DURECT.

How do I buy shares of DURECT?

Shares of DRRX 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 DURECT's stock price today?

One share of DRRX stock can currently be purchased for approximately $2.44.

How big of a company is DURECT?

DURECT has a market capitalization of $478.29 million and generates $29.56 million in revenue each year. The specialty pharmaceutical company earns $-20,580,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis. DURECT employs 88 workers across the globe.

What is DURECT's official website?

The official website for DURECT is www.durect.com.

How can I contact DURECT?

DURECT's mailing address is 10260 BUBB RD, CUPERTINO CA, 95014. The specialty pharmaceutical company can be reached via phone at 408-777-1417.

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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