Mirati Therapeutics, Inc., a clinical-stage oncology company, develops targeted therapeutics to address the genetic, epigenetic, and immunological promoters of cancer. The company is involved in developing sitravatinib, an oral spectrum-selective kinase inhibitor, which is in Phase II clinical for the treatment of solid tumor; and in Phase Ib clinical trial to treat non-small cell lung cancer (NCSLC) patients with CBL, chromosome 4q12, and RET genetic alterations, as well as mocetinostat, an orally administered spectrum-selective Class 1 histone deacetylase inhibitor that is in Phase II clinical trial in combination with durvalumab for the treatment of patients with NSCLC. Its preclinical development stage product candidate include KRAS G12C inhibitor program to address mutations and tumors. The company has a collaboration and license agreement with BeiGene, Ltd. to develop manufacture and commercialize sitravatinib. It also has collaboration with Astex Pharmaceuticals, Inc. and Merck & Co., Inc.; and Array BioPharma, Inc. to develop and commercialize products. Mirati Therapeutics, Inc. is headquartered in San Diego, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:MRTX
Previous Symbol
CUSIPN/A
Phone858-332-3410
Debt
Debt-to-Equity RatioN/A
Current Ratio11.22
Quick Ratio11.22
Price-To-Earnings
Trailing P/E Ratio-14.73
Forward P/E Ratio-13.12
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book Value$6.92 per share
Price / Book5.92
Profitability
EPS (Most Recent Fiscal Year)($2.78)
Net Income$-70,420,000.00
Net MarginsN/A
Return on Equity-46.80%
Return on Assets-42.71%
Miscellaneous
Employees51
Outstanding Shares32,520,000
Market Cap$1.21 billion
OptionableOptionable
Mirati Therapeutics (NASDAQ:MRTX) Frequently Asked Questions
What is Mirati Therapeutics' stock symbol?
Mirati Therapeutics trades on the NASDAQ under the ticker symbol "MRTX."
How were Mirati Therapeutics' earnings last quarter?
Mirati Therapeutics Inc (NASDAQ:MRTX) announced its earnings results on Tuesday, November, 6th. The biotechnology company reported ($0.85) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.87) by $0.02. View Mirati Therapeutics' Earnings History.
When is Mirati Therapeutics' next earnings date?
What price target have analysts set for MRTX?
9 brokers have issued twelve-month price targets for Mirati Therapeutics' shares. Their forecasts range from $37.00 to $65.00. On average, they expect Mirati Therapeutics' share price to reach $54.8571 in the next twelve months. This suggests a possible upside of 34.0% from the stock's current price. View Analyst Price Targets for Mirati Therapeutics.
What is the consensus analysts' recommendation for Mirati Therapeutics?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mirati Therapeutics in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mirati Therapeutics.
What are Wall Street analysts saying about Mirati Therapeutics stock?
Here are some recent quotes from research analysts about Mirati Therapeutics stock:
- 1. HC Wainwright analysts commented, "We derive our $65 price target from a sum-of-the-parts analysis based on probability-adjusted revenue forecasts for sitravatinib and mocetinostat. We use the net present value of our revenue forecast through 2027, apply a 50% probability of success (POS) for sitravatinib in combination with checkpoint inhibitors, a 45% POS for sitravatinib monotherapy, 15% POS for mocetinostat, our YE2018 fully diluted net cash estimate of $4.79/share, and we value the early stage pipeline at $5.38/ share to arrive at our price target. We assume a 20% discount rate for the NPV of the pipeline and a P/S multiple of 4x." (11/12/2018)
- 2. Cann analysts commented, "Loss per share was $0.85, compared to our estimated loss of $0.84. Operating expenses were 13% higher than our estimate, but were offset by higher interest income and higher number of shares outstanding, both due to the equity offering. Our revenue outlook for 2018-2023 is unchanged. We are increasing our estimate of operating expenses 6.3% in 2018 and expenses are unchanged for 2019-2023. We are increasing our estimated 2018 loss per share by 1.4% and, due to higher shares outstanding, we are decreasing our estimated loss per share in 2019-2022, by 8.1-8.5% per year. We are decreasing 2023 EPS by 2.2%." (11/6/2018)
- 3. According to Zacks Investment Research, "Mirati Therapeutics, Inc. is a biopharmaceutical company. It engaged in the development of novel therapeutics for the treatment of cancer. Mirati Therapeutics, Inc., formerly known as MethylGene Inc., is based in Montreal, Canada. " (10/4/2018)
Has Mirati Therapeutics been receiving favorable news coverage?
Headlines about MRTX stock have trended somewhat negative on Saturday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mirati Therapeutics earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the biotechnology company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the stock's share price in the near future.
Who are some of Mirati Therapeutics' key competitors?
Some companies that are related to Mirati Therapeutics include Amarin (AMRN), HUTCHISON CHINA/S (HCM), Taro Pharmaceutical Industries (TARO), GW Pharmaceuticals PLC- (GWPH), Agios Pharmaceuticals (AGIO), Horizon Pharma (HZNP), FibroGen (FGEN), Emergent Biosolutions (EBS), Evotec (EVTCY), Ligand Pharmaceuticals (LGND), Array Biopharma (ARRY), Endo International (ENDP), Intercept Pharmaceuticals (ICPT), Blueprint Medicines (BPMC) and Mallinckrodt (MNK).
Who are Mirati Therapeutics' key executives?
Mirati Therapeutics' management team includes the folowing people:
- Dr. Rodney W. Lappe, Exec. Chairman (Age 63)
- Dr. Charles M. Baum, Pres, CEO & Director (Age 60)
- Dr. James Christensen, Sr. VP & Chief Scientific Officer (Age 50)
- Dr. Isan Chen, Exec. VP and Chief Medical & Devel. Officer (Age 56)
- Mr. Jamie A. Donadio, Sr. VP & CFO (Age 43)
Who are Mirati Therapeutics' major shareholders?
Mirati Therapeutics' stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (6.59%), BlackRock Inc. (4.88%), Janus Henderson Group PLC (3.17%), Jennison Associates LLC (3.09%), Credit Suisse AG (1.38%) and Dimensional Fund Advisors LP (0.93%). Company insiders that own Mirati Therapeutics stock include Boxer Capital, Llc, Charles M Baum, Jamie A Donadio, Jamie Christensen, Ltd Braslyn, Tuesday Thirteen Inc and Venbio Select Advisor Llc. View Institutional Ownership Trends for Mirati Therapeutics.
Which institutional investors are selling Mirati Therapeutics stock?
MRTX stock was sold by a variety of institutional investors in the last quarter, including EAM Investors LLC, Royce & Associates LP, Dimensional Fund Advisors LP, Chicago Equity Partners LLC, Virtus ETF Advisers LLC, PNC Financial Services Group Inc., EAM Global Investors LLC and Vident Investment Advisory LLC. Company insiders that have sold Mirati Therapeutics company stock in the last year include Charles M Baum, Jamie A Donadio and Jamie Christensen. View Insider Buying and Selling for Mirati Therapeutics.
Which institutional investors are buying Mirati Therapeutics stock?
MRTX stock was purchased by a variety of institutional investors in the last quarter, including Credit Suisse AG, Jennison Associates LLC, Janus Henderson Group PLC, Wells Fargo & Company MN, PointState Capital LP, Pictet Asset Management Ltd., FMR LLC and BlackRock Inc.. Company insiders that have bought Mirati Therapeutics stock in the last two years include Boxer Capital, Llc, Ltd Braslyn and Venbio Select Advisor Llc. View Insider Buying and Selling for Mirati Therapeutics.
How do I buy shares of Mirati Therapeutics?
Shares of MRTX 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 Mirati Therapeutics' stock price today?
One share of MRTX stock can currently be purchased for approximately $40.94.
How big of a company is Mirati Therapeutics?
Mirati Therapeutics has a market capitalization of $1.21 billion. The biotechnology company earns $-70,420,000.00 in net income (profit) each year or ($2.78) on an earnings per share basis. Mirati Therapeutics employs 51 workers across the globe.
What is Mirati Therapeutics' official website?
How can I contact Mirati Therapeutics?
Mirati Therapeutics' mailing address is 9393 TOWNE CENTRE DRIVE SUITE 200, SAN DIEGO CA, 92121. The biotechnology company can be reached via phone at 858-332-3410 or via email at [email protected]
MarketBeat Community Rating for Mirati Therapeutics (NASDAQ MRTX)
MarketBeat's community ratings are surveys of what our community members think about Mirati Therapeutics and other stocks. Vote "Outperform" if you believe MRTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
