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Sorrento Therapeutics Stock Price, News & Analysis (NASDAQ:SRNE)

$1.53
-0.11 (-6.71 %)
(As of 10/20/2019 02:21 AM ET)
Today's Range
$1.51
Now: $1.53
$1.64
50-Day Range
$1.50
MA: $2.08
$2.51
52-Week Range
$1.39
Now: $1.53
$6.50
Volume1.38 million shs
Average Volume2.31 million shs
Market Capitalization$204.27 million
P/E RatioN/A
Dividend YieldN/A
Beta2.4
Sorrento Therapeutics, Inc, a clinical stage biotechnology company, primarily engages in the discovery and development of therapies focused on oncology and the treatment of chronic cancer pain worldwide. It offers resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for the treatment of intractable pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. Read More…

Industry, Sector and Symbol

Industry Commercial physical research
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:SRNE
CUSIPN/A
Phone858-203-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.19 million
Book Value$1.70 per share

Profitability

Net Income$-203,540,000.00
Net Margins-1,107.37%

Miscellaneous

Employees382
Market Cap$204.27 million
Next Earnings Date11/8/2019 (Estimated)
OptionableOptionable

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Sorrento Therapeutics (NASDAQ:SRNE) Frequently Asked Questions

What is Sorrento Therapeutics' stock symbol?

Sorrento Therapeutics trades on the NASDAQ under the ticker symbol "SRNE."

How were Sorrento Therapeutics' earnings last quarter?

Sorrento Therapeutics Inc (NASDAQ:SRNE) posted its quarterly earnings results on Friday, August, 9th. The biopharmaceutical company reported ($0.39) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.40) by $0.01. The biopharmaceutical company had revenue of $6.48 million for the quarter, compared to analyst estimates of $7.50 million. Sorrento Therapeutics had a negative return on equity of 119.51% and a negative net margin of 1,107.37%. View Sorrento Therapeutics' Earnings History.

When is Sorrento Therapeutics' next earnings date?

Sorrento Therapeutics is scheduled to release their next quarterly earnings announcement on Friday, November 8th 2019. View Earnings Estimates for Sorrento Therapeutics.

What price target have analysts set for SRNE?

4 equities research analysts have issued twelve-month price objectives for Sorrento Therapeutics' shares. Their forecasts range from $10.00 to $30.00. On average, they anticipate Sorrento Therapeutics' stock price to reach $18.25 in the next year. This suggests a possible upside of 1,092.8% from the stock's current price. View Analyst Price Targets for Sorrento Therapeutics.

What is the consensus analysts' recommendation for Sorrento Therapeutics?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sorrento Therapeutics in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sorrento Therapeutics.

What are Wall Street analysts saying about Sorrento Therapeutics stock?

Here are some recent quotes from research analysts about Sorrento Therapeutics stock:
  • 1. According to Zacks Investment Research, "Sorrento Therapeutics, Inc. is a biopharmaceutical company. It is focused primarily on the acquisition, discovery, development and commercialization of proprietary oncology therapeutics. The Company researches human therapeutic antibodies for the treatment of cancer, inflammation, metabolic disease and infectious disease. Sorrento Therapeutics, Inc. is based in San Diego, California. " (10/15/2019)
  • 2. HC Wainwright analysts commented, "We ascribe a value of $5.5B based on a sum- of-the-parts approach, or a price per share of $30.00, assuming 183M projected fully-diluted shares outstanding as of mid-2020." (8/12/2019)

Has Sorrento Therapeutics been receiving favorable news coverage?

Media stories about SRNE stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sorrento Therapeutics earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave news coverage about the biopharmaceutical company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Sorrento Therapeutics.

Are investors shorting Sorrento Therapeutics?

Sorrento Therapeutics saw a increase in short interest in September. As of September 30th, there was short interest totalling 12,630,000 shares, an increase of 10.1% from the August 30th total of 11,470,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is presently 11.4 days. Currently, 13.3% of the shares of the company are short sold. View Sorrento Therapeutics' Current Options Chain.

Who are some of Sorrento Therapeutics' key competitors?

What other stocks do shareholders of Sorrento Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sorrento Therapeutics investors own include Synergy Pharmaceuticals (SGYP), Novavax (NVAX), Micron Technology (MU), Cara Therapeutics (CARA), Alibaba Group (BABA), Viking Therapeutics (VKTX), Canopy Growth (CGC), Corbus Pharmaceuticals (CRBP), Exelixis (EXEL) and Eyepoint Pharmaceuticals (EYPT).

Who are Sorrento Therapeutics' key executives?

Sorrento Therapeutics' management team includes the folowing people:
  • Dr. Henry H. Ji, Co-Founder, Chairman, CEO & Pres (Age 55)
  • Dr. Jerome Bernard Zeldis, Chief Medical Officer & Pres of Clinical Devel. (Age 69)
  • Mr. George K. Ng, Corp. Sec. (Age 45)
  • Mr. Jiong Shao M.B.A., CFA, Exec. VP & CFO (Age 51)
  • Ms. Deborah H. Telman, Sr. VP & Gen. Counsel

How do I buy shares of Sorrento Therapeutics?

Shares of SRNE 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 Sorrento Therapeutics' stock price today?

One share of SRNE stock can currently be purchased for approximately $1.53.

How big of a company is Sorrento Therapeutics?

Sorrento Therapeutics has a market capitalization of $204.27 million and generates $21.19 million in revenue each year. The biopharmaceutical company earns $-203,540,000.00 in net income (profit) each year or ($1.92) on an earnings per share basis. Sorrento Therapeutics employs 382 workers across the globe.View Additional Information About Sorrento Therapeutics.

What is Sorrento Therapeutics' official website?

The official website for Sorrento Therapeutics is http://www.sorrentotherapeutics.com/.

How can I contact Sorrento Therapeutics?

Sorrento Therapeutics' mailing address is 4955 DIRECTORS PLACE, SAN DIEGO CA, 92121. The biopharmaceutical company can be reached via phone at 858-203-4100 or via email at [email protected]


MarketBeat Community Rating for Sorrento Therapeutics (NASDAQ SRNE)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  471 (Thanks for Voting!)
Underperform Votes:  275 (Thanks for Voting!)
Total Votes:  746
MarketBeat's community ratings are surveys of what our community members think about Sorrento Therapeutics and other stocks. Vote "Outperform" if you believe SRNE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRNE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/20/2019 by MarketBeat.com Staff

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