Mirati Therapeutics Stock Forecast, Price & News

Mirati Therapeutics' stock was trading at $77.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MRTX shares have increased by 195.2% and is now trading at $228.37.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mirati Therapeutics in the last year. There are currently 1 sell rating, 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Mirati Therapeutics or view MarketBeat's top 5 stock picks.

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Mirati Therapeutics is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Mirati Therapeutics.

Mirati Therapeutics, Inc. (NASDAQ:MRTX) issued its earnings results on Wednesday, November, 4th. The biotechnology company reported ($1.96) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($2.03) by $0.07. The biotechnology company had revenue of $11.40 million for the quarter, compared to analyst estimates of $0.21 million. Mirati Therapeutics had a negative net margin of 10,983.84% and a negative return on equity of 60.01%. The business's revenue for the quarter was up 1053.8% on a year-over-year basis.
View Mirati Therapeutics' earnings history.

15 analysts have issued twelve-month target prices for Mirati Therapeutics' shares. Their forecasts range from $116.00 to $267.00. On average, they expect Mirati Therapeutics' share price to reach $215.36 in the next twelve months. This suggests that the stock has a possible downside of 5.7%.
View analysts' price targets for Mirati Therapeutics.

Mirati Therapeutics saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 3,740,000 shares, a drop of 13.6% from the October 15th total of 4,330,000 shares. Based on an average daily trading volume, of 522,400 shares, the days-to-cover ratio is currently 7.2 days.
View Mirati Therapeutics' Short Interest.

Some companies that are related to Mirati Therapeutics include Takeda Pharmaceutical (TKPYY), Shiseido (SSDOY), Alexion Pharmaceuticals (ALXN), Astellas Pharma (ALPMY), Genmab A/S (GMAB), Genmab A/S (GNMSF), BeiGene (BGNE), UCB (UCBJF), MERCK Kommanditgesellschaft auf Aktien (MKGAF), CureVac (CVAC), Ono Pharmaceutical (OPHLF), Royalty Pharma (RPRX), Catalent (CTLT), Horizon Therapeutics Public (HZNP) and Alnylam Pharmaceuticals (ALNY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Mirati Therapeutics investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), AbbVie (ABBV), QUALCOMM (QCOM), BioMarin Pharmaceutical (BMRN), Micron Technology (MU), Netflix (NFLX), Square (SQ), Alibaba Group (BABA) and DocuSign (DOCU).

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

Mirati Therapeutics' stock is owned by a number of institutional and retail investors. Top institutional investors include Perceptive Advisors LLC (6.83%), BlackRock Inc. (7.66%), Sands Capital Management LLC (2.65%), State Street Corp (2.16%), UBS Asset Management Americas Inc. (1.29%) and EcoR1 Capital LLC (0.92%). 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.

MRTX stock was sold by a variety of institutional investors in the last quarter, including Sands Capital Management LLC, Lord Abbett & CO. LLC, State Street Corp, Clough Capital Partners L P, Sphera Funds Management LTD., BlackRock Inc., Polar Capital LLP, and Polar Capital LLP. Company insiders that have sold Mirati Therapeutics company stock in the last year include Boxer Capital, Llc, Charles M Baum, Craig A Johnson, Henry J Fuchs, Isan Chen, and Ltd Braslyn.
View insider buying and selling activity for Mirati Therapeutics.

MRTX stock was bought by a variety of institutional investors in the last quarter, including Perceptive Advisors LLC, Wells Fargo & Company MN, EcoR1 Capital LLC, Charles Schwab Investment Management Inc., UBS Asset Management Americas Inc., Federated Hermes Inc., Handelsbanken Fonder AB, and Assenagon Asset Management S.A..
View insider buying and selling activity for 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.

One share of MRTX stock can currently be purchased for approximately $228.37.

Mirati Therapeutics has a market capitalization of $11.48 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 111 workers across the globe.

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

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]