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DOW   39,069.11
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DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
66,000% upside on tiny biotech? (Ad)
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AI Stock Caught Trading Under Secret Name (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NASDAQ:PHAR

Pharming Group (PHAR) Stock Price, News & Analysis

$11.19
+0.05 (+0.45%)
(As of 02/22/2024 ET)
Today's Range
$11.14
$12.00
50-Day Range
$11.01
$13.15
52-Week Range
$9.65
$17.81
Volume
3,936 shs
Average Volume
2,331 shs
Market Capitalization
$750.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$38.50

Pharming Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
244.1% Upside
$38.50 Price Target
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Pharming Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.03) to $0.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.87 out of 5 stars

Medical Sector

636th out of 934 stocks

Pharmaceutical Preparations Industry

290th out of 421 stocks


PHAR stock logo

About Pharming Group Stock (NASDAQ:PHAR)

Pharming Group N.V. is a Dutch biotech company specializing in developing innovative therapies for rare diseases. The company aims to improve patients' lives suffering from debilitating illnesses by developing and commercializing safe and effective treatments.

Pharming's lead product is Ruconest, a recombinant human C1 esterase inhibitor indicated for the treatment of hereditary angioedema (HAE) attacks. HAE is a rare and life-threatening genetic disorder that causes swelling in various body parts, including the hands, feet, face, and airways. Ruconest is the only recombinant C1 inhibitor approved by the FDA and EMA for the treatment of acute attacks of HAE in adults and adolescents.

The company's target market is patients suffering from HAE, which is estimated to affect approximately 1 in 10,000 to 1 in 50,000 people worldwide. The key customers for Ruconest are hospitals, clinics, and specialized treatment centers that provide care for patients with HAE.

Pharming is headquartered in Leiden, Netherlands, with additional offices in the United States and Switzerland. The company was founded in 1986 and went public on Euronext Amsterdam in 1999. In 2019, the company established a US subsidiary and started trading on the NASDAQ Global Market.

Pharming has achieved several key milestones in recent years. In 2019, the FDA approved Ruconest for treating acute attacks of HAE in pediatric patients, expanding the drug's market potential. In 2020, the company received a $10 million milestone payment from its partner, Kyowa Kirin, for the achievement of a sales target for Ruconest in Japan.

Sijmen de Vries is the Chief Executive Officer of Pharming and has been with the company since 2009. He has over 30 years of experience in the pharmaceutical industry, including leadership positions at Genzyme, AstraZeneca, and Schering-Plough.

Pharming reported revenue gradually increasing yearly over the past several years. The company's gross profit margin is around 80%, reflecting the high profitability of its products. Pharming has a manageable debt load with plenty of assets to cover liabilities. 

The company's revenue growth can be attributed to the strong performance of Ruconest, which generated sales of over $150 million a year for the past several years. The company also saw growth in its pipeline of products, with its new recombinant factor VIII product, RUCONEST® (human C1 esterase inhibitor) for treating acute HAE, receiving marketing authorization from the European Commission in 2021.

Pharming's valuation metrics are generally in line with its peers in the biotech industry. The company's price-to-earnings ratio is higher than the industry average. The company's price-to-book ratio is also higher than the industry average. These and other valuation metrics could mean investors see the stock as overvalued. 

The rare disease market is growing and lucrative, with an estimated 400 million worldwide suffering from rare diseases. The market for HAE treatments is expected to reach $2.7 billion by 2025, driven by the increasing prevalence of the disease and the introduction of new therapies.

Pharming faces competition from other biotech companies developing therapies for HAE, such as Takeda Pharmaceutical Company Limited and CSL Behring. However, Ruconest has demonstrated superior safety and efficacy compared to other C1 esterase inhibitors in clinical trials, giving the company a competitive advantage.

Pharming's pipeline includes promising products, such as RUCONEST® for treating acute HAE and Leniolisib for treating PIK3CA-related overgrowth spectrum (PROS). The company is also exploring new indications for Ruconest, such as treating pre-eclampsia and COVID-19.

Pharming has also recently announced plans to expand its manufacturing capacity with a new facility in the Netherlands. The new facility is expected to increase its production capacity and reduce reliance on third-party manufacturers, improving its gross margins and overall profitability.

The biotech industry is subject to regulatory and clinical risks, as the approval and commercialization of new products are dependent on regulatory agencies' decisions and successful clinical trials. Changes in reimbursement policies or the introduction of competing therapies could also impact the company's revenue growth.

Pharming also depends on the success of Ruconest, as it represents the majority of the company's revenue. Any unexpected safety concerns or competitive pressures could significantly impact the company's financial performance.

PHAR Stock Price History

PHAR Stock News Headlines

Pharming Group N.V. (PHGN.F)
Pharming Group (NASDAQ:PHAR) Shares Gap Down to $11.56
The REAL Reason Americans Keep Falling Behind
In 2023, we saw waves of bank collapses, emergency bailouts, and Treasury bond crashes. Yet big banks are celebrating record earnings in 2024… as more and more ordinary folks struggle to make ends meet every day. The 24-year market veteran who called the Lehman Brothers collapse in 2008 reveals why. 
AI medical stock landing MASSIVE contracts
The company is tiny today, but big pharma is lining up to use its patent-protected technology. In short, it is the inventor of the world's first AI-designed drug to enter clinical trials. Currently, the stock trades for less than $10 today and is at the forefront of it all.
Pharming Group issues full-year 2023 guidance
Pharming Group ADR PHAR
Pharming Group PHARM
RBC Capital Reaffirms Their Buy Rating on Pharming Group (PHGUF)
See More Headlines
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Company Calendar

Today
2/22/2024
Next Earnings (Estimated)
3/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:PHAR
Fax
N/A
Employees
332
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$38.50
High Stock Price Target
$40.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+244.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$13.67 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$205.62 million
Cash Flow
$0.24 per share
Book Value
$3.12 per share

Miscellaneous

Free Float
65,718,000
Market Cap
$750.96 million
Optionable
Not Optionable
Beta
0.22
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Key Executives

  • Dr. Sijmen de Vries M.B.A. (Age 65)
    M.D., President, CEO & Executive Director
    Comp: $1.18M
  • Mr. Jeroen Wakkerman (Age 55)
    Chief Financial Officer
  • Ms. Mireille Sanders M.Sc. (Age 56)
    Chief Operations Officer
  • Susanne Embleton
    Investor Relations Manager
  • Mr. Ruud Van Outersterp (Age 60)
    Chief Ethics & Compliance Officer
  • Dr. Anurag Relan M.D. (Age 52)
    MPH, Chief Medical Officer
  • Mr. Stephen Toor (Age 53)
    Chief Commercial Officer & GM Americas
  • Dr. Alexander Breidenbach M.B.A.
    Chief Business Officer
  • Dr. Bruno M. L. Giannetti (Age 72)
    Consultant














PHAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Pharming Group stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pharming Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PHAR shares.
View PHAR analyst ratings
or view top-rated stocks.

What is Pharming Group's stock price target for 2024?

3 brokerages have issued 12 month price targets for Pharming Group's stock. Their PHAR share price targets range from $37.00 to $40.00. On average, they expect the company's stock price to reach $38.50 in the next year. This suggests a possible upside of 244.1% from the stock's current price.
View analysts price targets for PHAR
or view top-rated stocks among Wall Street analysts.

How have PHAR shares performed in 2024?

Pharming Group's stock was trading at $11.43 at the beginning of the year. Since then, PHAR stock has decreased by 2.1% and is now trading at $11.19.
View the best growth stocks for 2024 here
.

Are investors shorting Pharming Group?

Pharming Group saw a increase in short interest in January. As of January 31st, there was short interest totaling 1,100 shares, an increase of 57.1% from the January 15th total of 700 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is currently 0.7 days.
View Pharming Group's Short Interest
.

When is Pharming Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 21st 2024.
View our PHAR earnings forecast
.

What guidance has Pharming Group issued on next quarter's earnings?

Pharming Group issued an update on its FY 2023 earnings guidance on Monday, January, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $245.0 million-$245.0 million.

Who are Pharming Group's major shareholders?

Pharming Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Silverberg Bernstein Capital Management LLC (0.03%).

How do I buy shares of Pharming Group?

Shares of PHAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PHAR) was last updated on 2/23/2024 by MarketBeat.com Staff