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NASDAQ:MRTXMirati Therapeutics Stock Price, Forecast & News

$138.75
+0.87 (+0.63 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$135.29
Now: $138.75
$138.79
50-Day Range
$113.26
MA: $120.64
$131.59
52-Week Range
$66.01
Now: $138.75
$138.79
Volume248,315 shs
Average Volume516,301 shs
Market Capitalization$6.18 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.79
Mirati Therapeutics, Inc., a clinical-stage oncology company, develops product candidates to address the genetic and immunological promoters of cancer in the United States. The company is involved in developing sitravatinib, a spectrum-selective kinase inhibitor, which is in Phase II clinical for the treatment of non-small cell lung cancer (NCSLC); and in Phase Ib clinical trial to treat NCSLC patients with Casitas B-lineage Lymphoma genetic alterations, as well as KRAS G12C inhibitor program for NSCLC adenocarcinoma patients, colorectal cancer patients, and other cancers. It also develops mocetinostat, an orally investigational selective Class I and IV histone deacetylase inhibitor that has completed Phase II clinical trial in combination with durvalumab for the treatment of patients with NSCLC. The company has a collaboration and license agreement with BeiGene, Ltd. to develop, manufacture, and commercialize sitravatinib. Mirati Therapeutics, Inc. was founded in 1995 and is headquartered in San Diego, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.86 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:MRTX
CUSIPN/A
Phone858-332-3410

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.34 million
Book Value$9.67 per share

Profitability

Net Income$-213,260,000.00
Net Margins-10,983.84%

Miscellaneous

Employees63
Market Cap$6.18 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$138.75
+0.87 (+0.63 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mirati Therapeutics (NASDAQ:MRTX) Frequently Asked Questions

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

Mirati Therapeutics' stock was trading at $77.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRTX stock has increased by 79.3% and is now trading at $138.75.
View which stocks have been most impacted by COVID-19
.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mirati Therapeutics in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Mirati Therapeutics
.

When is Mirati Therapeutics' next earnings date?

Mirati Therapeutics is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Mirati Therapeutics
.

How were Mirati Therapeutics' earnings last quarter?

Mirati Therapeutics Inc (NASDAQ:MRTX) released its earnings results on Thursday, May, 7th. The biotechnology company reported ($2.02) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($1.66) by $0.36. The biotechnology company earned $0.27 million during the quarter, compared to analysts' expectations of $0.29 million. Mirati Therapeutics had a negative net margin of 10,983.84% and a negative return on equity of 60.32%. Mirati Therapeutics's quarterly revenue was down 78.5% compared to the same quarter last year.
View Mirati Therapeutics' earnings history
.

What price target have analysts set for MRTX?

13 Wall Street analysts have issued 12 month price objectives for Mirati Therapeutics' shares. Their forecasts range from $83.00 to $163.00. On average, they expect Mirati Therapeutics' share price to reach $123.17 in the next year. This suggests that the stock has a possible downside of 11.2%.
View analysts' price targets for Mirati Therapeutics
.

Has Mirati Therapeutics been receiving favorable news coverage?

Media coverage about MRTX stock has been trending somewhat negative this week, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mirati Therapeutics earned a news impact score of -1.5 on InfoTrie's scale. They also assigned news coverage about the biotechnology company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the company's share price in the next few days.
View the latest news about Mirati Therapeutics
.

Are investors shorting Mirati Therapeutics?

Mirati Therapeutics saw a drop in short interest in May. As of May 29th, there was short interest totaling 5,150,000 shares, a drop of 14.2% from the May 14th total of 6,000,000 shares. Based on an average daily volume of 562,200 shares, the short-interest ratio is presently 9.2 days.
View Mirati Therapeutics' Short Interest
.

Who are some of Mirati Therapeutics' key competitors?

What other stocks do shareholders of Mirati Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mirati Therapeutics investors own include NVIDIA (NVDA), Vertex Pharmaceuticals (VRTX), salesforce.com (CRM), Square (SQ), Alibaba Group (BABA), Splunk (SPLK), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Etsy (ETSY) and AbbVie (ABBV).

Who are Mirati Therapeutics' key executives?

Mirati Therapeutics' management team includes the following people:
  • Dr. Charles M. Baum, Pres, CEO & Director (Age 61)
  • Dr. James Christensen, Chief Scientific Officer & Exec. VP (Age 51)
  • Dr. Isan Chen, Exec. VP and Chief Medical & Devel. Officer (Age 57)
  • Mr. Jamie A. Donadio, Sr. VP & CFO (Age 44)
  • Temre Johnson, Director of Investor Relations & Corp. Communications

What is Mirati Therapeutics' stock symbol?

Mirati Therapeutics trades on the NASDAQ under the ticker symbol "MRTX."

Who are Mirati Therapeutics' major shareholders?

Mirati Therapeutics' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.74%), FMR LLC (4.65%), Orbimed Advisors LLC (2.97%), RTW Investments LP (2.44%), Jennison Associates LLC (1.16%) and Cormorant Asset Management LP (1.12%). Company insiders that own Mirati Therapeutics stock include Aaron I Davis, Avoro Capital Advisors Llc, Boxer Capital, Llc, Bruce L A Carter, Charles M Baum, Christopher C Lemasters, Craig A Johnson, Henry J Fuchs, Isan Chen, Jamie A Donadio, Ltd Braslyn, Michael G Grey 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 Cormorant Asset Management LP, FMR LLC, Orbimed Advisors LLC, Jennison Associates LLC, Holocene Advisors LP, Deerfield Management Company L.P. Series C, Victory Capital Management Inc., and Emerald Mutual Fund Advisers Trust. Company insiders that have sold Mirati Therapeutics company stock in the last year include Bruce L A Carter, Charles M Baum, Craig A Johnson, Henry J Fuchs, Isan Chen, Ltd Braslyn, and Michael G Grey.
View insider buying and selling activity 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 Point72 Asset Management L.P., Federated Hermes Inc., RTW Investments LP, Assenagon Asset Management S.A., Man Group plc, Vanguard Group Inc., Edmond DE Rothschild Holding S.A., and Columbus Circle Investors.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Mirati Therapeutics' stock price today?

One share of MRTX stock can currently be purchased for approximately $138.75.

How big of a company is Mirati Therapeutics?

Mirati Therapeutics has a market capitalization of $6.18 billion and generates $3.34 million in revenue each year. The biotechnology company earns $-213,260,000.00 in net income (profit) each year or ($5.69) on an earnings per share basis. Mirati Therapeutics employs 63 workers across the globe.

What is Mirati Therapeutics' official website?

The official website for Mirati Therapeutics is www.mirati.com.

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]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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