Mirati Therapeutics (MRTX) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mirati Therapeutics in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRTX shares.
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12 brokerages have issued 1-year price targets for Mirati Therapeutics' stock. Their MRTX share price forecasts range from $40.00 to $188.00. On average, they expect the company's stock price to reach $76.93 in the next twelve months. This suggests a possible upside of 113.1% from the stock's current price.
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Mirati Therapeutics' stock was trading at $45.31 at the beginning of the year. Since then, MRTX shares have decreased by 20.3% and is now trading at $36.10.
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Mirati Therapeutics saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,760,000 shares, a decline of 14.8% from the April 30th total of 7,930,000 shares. Based on an average daily trading volume, of 981,200 shares, the days-to-cover ratio is currently 6.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Mirati Therapeutics, Inc. (NASDAQ:MRTX) announced its quarterly earnings data on Tuesday, May, 9th. The biotechnology company reported ($3.18) EPS for the quarter, topping the consensus estimate of ($3.47) by $0.29. The biotechnology company had revenue of $7.17 million for the quarter, compared to analyst estimates of $4.80 million. Mirati Therapeutics had a negative trailing twelve-month return on equity of 71.90% and a negative net margin of 3,901.06%. Mirati Therapeutics's quarterly revenue was up 910.9% compared to the same quarter last year. During the same quarter last year, the business posted ($3.40) EPS.

ETFs with the largest weight of Mirati Therapeutics (NASDAQ:MRTX) stock in their portfolio include ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Biotech ETF (XBI), Virtus LifeSci Biotech Clinical Trials ETF (BBC), Direxion Daily S&P Biotech Bull 3x Shares (LABU), IQ U.S. Mid Cap R&D Leaders ETF (MRND), Principal Healthcare Innovators ETF (BTEC), BlackRock Future Health ETF (BMED) and iShares Biotechnology ETF (IBB).

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), Block (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 retail and institutional investors. Top institutional investors include Armistice Capital LLC (6.35%), BlackRock Inc. (5.57%), Wellington Management Group LLP (4.64%), State Street Corp (3.97%), Price T Rowe Associates Inc. MD (3.04%) and Perceptive Advisors LLC (2.71%). Insiders that own company stock include Benjamin Hickey, Boxer Capital, Llc, Bruce L A Carter, Charles M Baum, Craig A Johnson, Daniel Faga, David D Meek, Henry J Fuchs, Jamie Christensen, Julie M Cherrington, Julie M Cherrington, Ltd Braslyn, Maria E Martinez and Vickie S Reed.
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Shares of MRTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRTX stock can currently be purchased for approximately $36.10.

Mirati Therapeutics (NASDAQ:MRTX) has a market capitalization of $2.10 billion and generates $12.44 million in revenue each year. The biotechnology company earns $-740,870,000.00 in net income (profit) each year or ($12.96) on an earnings per share basis.

The company employs 413 workers across the globe.

Mirati Therapeutics' mailing address is 9393 TOWNE CENTRE DRIVE SUITE 200, SAN DIEGO CA, 92121. The official website for the company is www.mirati.com. The biotechnology company can be reached via phone at (858) 332-3410 or via email at ir@mirati.com.