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Spectrum Pharmaceuticals Stock Price, News & Analysis (NASDAQ:SPPI)

$8.02
-0.16 (-1.95 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$7.87
Now: $8.03
$8.31
50-Day Range
$6.95
MA: $8.16
$9.71
52-Week Range
$6.22
Now: $8.03
$14.65
Volume545,725 shs
Average Volume878,632 shs
Market Capitalization$905.67 million
P/E RatioN/A
Dividend YieldN/A
Beta2.56
Spectrum Pharmaceuticals, Inc develops and commercializes oncology and hematology drug products. The company offers KHAPZORY, a novel folate analog and the pharmacologically active levo-isomer of d, and 1-leucovorin; FOLOTYN, a folate analogue metabolic inhibitor for peripheral T-cell lymphoma (PTCL); ZEVALIN injection to treat non-Hodgkin's lymphoma; MARQIBO for adult patients with Philadelphia chromosome-negative acute lymphoblastic leukemia; BELEODAQ, a histone deacytelase, or HDAC, inhibitor for the treatment of patients with relapsed or refractory PTCL; and EVOMELA for use as a conditioning treatment prior to autologous stem cell transplant in multiple myeloma patients. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:SPPI
CUSIP84763A10
Phone702-835-6300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$109.33 million
Book Value$2.65 per share

Profitability

Net Income$-120,010,000.00

Miscellaneous

Employees235
Market Cap$905.67 million
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable

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Spectrum Pharmaceuticals (NASDAQ:SPPI) Frequently Asked Questions

What is Spectrum Pharmaceuticals' stock symbol?

Spectrum Pharmaceuticals trades on the NASDAQ under the ticker symbol "SPPI."

How were Spectrum Pharmaceuticals' earnings last quarter?

Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) released its quarterly earnings results on Thursday, August, 8th. The biotechnology company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.36) by $0.13. The biotechnology company had revenue of ($1.25) million for the quarter, compared to analyst estimates of $0.50 million. The firm's quarterly revenue was down 105.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. View Spectrum Pharmaceuticals' Earnings History.

When is Spectrum Pharmaceuticals' next earnings date?

Spectrum Pharmaceuticals is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Spectrum Pharmaceuticals.

What price target have analysts set for SPPI?

5 brokers have issued 1 year price targets for Spectrum Pharmaceuticals' stock. Their predictions range from $18.00 to $40.00. On average, they expect Spectrum Pharmaceuticals' stock price to reach $23.40 in the next year. This suggests a possible upside of 191.6% from the stock's current price. View Analyst Price Targets for Spectrum Pharmaceuticals.

What is the consensus analysts' recommendation for Spectrum Pharmaceuticals?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spectrum Pharmaceuticals in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spectrum Pharmaceuticals.

What are Wall Street analysts saying about Spectrum Pharmaceuticals stock?

Here are some recent quotes from research analysts about Spectrum Pharmaceuticals stock:
  • 1. According to Zacks Investment Research, "Spectrum Pharma is progressing well with its lead pipeline candidate, Rolontis and a regulatory application for the same is expected to be filed soon. An approval will boost the prospects of the company. Development of poziotinib is progressing well, including in a phase II pivotal study in second-line lung cancer. Moreover, the sale of its marketed products is helping Spectrum to focus on and support the development of its pipeline candidates. However, Spectrum faced regulatory setbacks including withdrawal of regulatory application for Rolontis seeking approval for neutropenia in the United States. Additional regulatory/development setbacks, especially related to Rolontis, could affect the stock. Loss estimates  have narrowed ahead of Q3 earnings. The company has a mixed record of earnings surprises in the recent quarters." (10/17/2019)
  • 2. HC Wainwright analysts commented, "Our $40 price target is derived from an NPV of Spectrum’s proprietary pipeline, a sum-of-the-parts analysis based on the P/E value of its current commercial business, plus cash. We assume a 20% discount rate for the NPV of the pipeline and a P/S multiple of 3x. We value the pipeline at $12.19 per share (x3= $36.57), the current commercial business at $1.48 per share and YE18 estimated fully diluted net cash at $1.49 per share." (1/10/2019)

Has Spectrum Pharmaceuticals been receiving favorable news coverage?

News coverage about SPPI stock has trended somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spectrum Pharmaceuticals earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave news stories about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Spectrum Pharmaceuticals.

Are investors shorting Spectrum Pharmaceuticals?

Spectrum Pharmaceuticals saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 8,730,000 shares, an increase of 10.2% from the August 30th total of 7,920,000 shares. Based on an average daily volume of 779,700 shares, the short-interest ratio is currently 11.2 days. Approximately 9.0% of the shares of the company are short sold. View Spectrum Pharmaceuticals' Current Options Chain.

Who are some of Spectrum Pharmaceuticals' key competitors?

What other stocks do shareholders of Spectrum Pharmaceuticals own?

Who are Spectrum Pharmaceuticals' key executives?

Spectrum Pharmaceuticals' management team includes the folowing people:
  • Mr. Joseph W. Turgeon, Pres, CEO & Director (Age 61)
  • Mr. Kurt A. Gustafson, Exec. VP & CFO (Age 51)
  • Mr. Thomas J. Riga, Exec. VP, COO & Chief Commercial Officer (Age 43)
  • Mr. Keith M. McGahan J.D., L.L.M., Sr. VP, Chief Legal Officer & Corp. Sec. (Age 43)
  • Mr. Shivpreet Kapoor, VP of Strategic Planning & Investor Relations

Who are Spectrum Pharmaceuticals' major shareholders?

Spectrum Pharmaceuticals' stock is owned by many different of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Spectrum Pharmaceuticals stock include Anthony E Maida III, Dolatrai Vyas, Gilles Gagnon, Joseph W Turgeon, Keith M Mcgahan, Kurt A Gustafson, Rajesh C Md Shrotriya, Stuart Mitchell Krassner, Thomas J Riga and William Ashton. View Institutional Ownership Trends for Spectrum Pharmaceuticals.

Which major investors are buying Spectrum Pharmaceuticals stock?

SPPI stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Fox Run Management L.L.C.. View Insider Buying and Selling for Spectrum Pharmaceuticals.

How do I buy shares of Spectrum Pharmaceuticals?

Shares of SPPI 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 Spectrum Pharmaceuticals' stock price today?

One share of SPPI stock can currently be purchased for approximately $8.03.

How big of a company is Spectrum Pharmaceuticals?

Spectrum Pharmaceuticals has a market capitalization of $905.67 million and generates $109.33 million in revenue each year. The biotechnology company earns $-120,010,000.00 in net income (profit) each year or ($1.01) on an earnings per share basis. Spectrum Pharmaceuticals employs 235 workers across the globe.View Additional Information About Spectrum Pharmaceuticals.

What is Spectrum Pharmaceuticals' official website?

The official website for Spectrum Pharmaceuticals is http://www.sppirx.com/.

How can I contact Spectrum Pharmaceuticals?

Spectrum Pharmaceuticals' mailing address is 11500 SOUTH EASTERN AVENUE SUITE 240, HENDERSON NV, 89052. The biotechnology company can be reached via phone at 702-835-6300 or via email at [email protected]


MarketBeat Community Rating for Spectrum Pharmaceuticals (NASDAQ SPPI)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  408 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  715
MarketBeat's community ratings are surveys of what our community members think about Spectrum Pharmaceuticals and other stocks. Vote "Outperform" if you believe SPPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/19/2019 by MarketBeat.com Staff

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